Sentences with phrase «units are affordable for»

The units are affordable for those earning no more than 60 percent of the area median income.

Most of the units remain affordable for people making the median income in the area, with the exception of California, where only a quarter of the units were affordable for them.

Not exact matches

There's no one universal model for these policies, but they generally involve one of two things: a requirement that developers either make a certain percentage of their housing units available at below - market rates, or that has them pay a fee into a fund for affordable housing.

In addition, Burns created a $ 50 million predevelopment / acquisition fund, and works closely with partner organizations, with whom he's underwritten funding for eight affordable housing complexes, with 1,320 units.

The reservation of 100 units of Tesla's all - electric truck represents the largest pre-order to date, a significant milestone for the Silicon Valley - based company who's looking to disrupt the commercial trucking industry with more affordable and environmentally conscious transportation.

The developers of Pacific Park face some risk; the amended development agreement imposes a 2025 deadline for 2,250 affordable housing units, nearly 1,470 of which remain to be built.

We can make an organic product and it can cost $ 10 per unit but that's not affordable for consumers.

If you're looking for a table that is affordable, sturdy enough to stand up to aggressive use, and sized right for children, teens and most adults, then you may have hit the Holy Grail with this unit.

The Deputy Head of Macroeconomic Research Unit, Ministry of Finance, Dr. Millicent deGraft - Johnson who spoke on the governments short to medium - term development programme said it was aimed at providing opportunities for growth and job creation through the private sector, and had developed concrete reform actions to tackle key challenges to private investment such as ensuring macroeconomic stability and debt sustainability, improving the ease of doing business and enhancing access to affordable and long - term financing and de-risking instruments.

In addition, 216 of the affordable housing units at Kpone were allocated to the Ghana Police Service for completion.

«Getting rid of cluster sites actually achieves two things — it gives places for families that are homeless to have services available to them, and it gives us back some of these affordable units that are so incredibly necessary,» said State Senator Gustavo Rivera.

The report compares several projects by the de Blasio administration to the Aspen, an early Bloomberg - era development and venture between Ms. Glen and L&M that included half market - rate apartments, and half that were affordable units at either 50 or 130 percent of the city's so - called area median income (currently about $ 86,000 for a family of three).

The team effort of the City of Buffalo, Governor Cuomo's team and HCR and ESD, Regions Bank, JPMorgan Chase Bank and CPC has allowed for the development and repurposing of the building into 53 affordable rental units being made available to Buffalo and Erie County families, including eight units for incoming international refugee families looking for a new start in Buffalo.»

Meanwhile, urgency is clearly building for some program that incentivizes the development of housing, especially affordable units.

«Tonight's vote sends a clear message that the City of New York is determined to provide relief for its residents, unlike Gov. Cuomo and Albany who recently enacted detrimental rent laws that could eliminate about 90,000 affordable housing units due to deregulation over the next four years — units that do not just provide an affordable price point for tenants but offer protections against arbitrary evictions as well,» he added.

Governor Andrew M. Cuomo today announced $ 20 million is available for the construction of new affordable housing units damaged by Superstorm Sandy, Hurricane Irene or Tropical Storm Lee.

Despite the urgent need for affordable housing uptown, Jackson indicated that Sherman Plaza would not be a good deal for the community, as the affordability level of many of the units would still be too high.

One of the De Blasio administration's core initiatives is its Housing New York plan, created in 2014 with the goal of adding or preserving 200,000 affordable units for New Yorkers by 2022.

New York State Homes and Community Renewal (HCR) is responsible for carrying out Governor Andrew M. Cuomo's $ 10 billion HOUSE NY 2020 plan to finance 100,000 affordable housing units over five years and leading the Governor's $ 10 billion Homelessness Action Plan to create 20,000 new supportive housing units over the next 15 years.

In an interview with the Observer Monday afternoon, Ms. Been said that the city will try to work with building owners to help pay for energy efficiency overhauls or capital improvements in exchange for agreeing to keep rents affordable for a period of time, or even enter the units into rent regulation.

MJM Construction's website is no longer online, but an archived version described their plans for the property: a 91 - unit «affordable housing complex» in a seven - story elevator building.

«But 80 percent of those units are not going to be affordable for the people in the communities where they're being built.»

The city's Department of Housing Preservation and Development is looking for a developer to build up to 225 affordable housing units and 68,000 square...

The newest affordable housing complex in the city is now open for residents, as sponsor Regan Development Corp. completed its $ 17.3 million makeover of the former Buffalo Milk Co. building on the West Side into new residential units.

Department of Housing Preservation and Development Commissioner Vicki Been said the subsidies for affordable units would go up due to wage requirements attached to the projects

He's reduced taxes and debt twice, continued to make water quality a signature issue, and addressed his long - standing concerns over the lack of affordable housing on the East End by working with developer Georgica Green Ventures and community members to gain town board approval for a 38 - unit workforce housing project in Speonk.

The $ 145.3 billion spending plan increases school aid next year by just under $ 1 billion (which school boards say is not enough) and over the next five years commits to build thousands of units of affordable housing for the homeless, contribute $ 8.3 billion to the Metropolitan Transportation Authority, spend $ 22 billion on upstate roads and bridges, cut taxes for small businesses and create a rebate for Thruway toll payers.

This next phase of Sibley's redevelopment is supported by the state through a $ 3.5 million grant from Empire State Development; $ 3 million from New York State Energy Research and Development Authority (NYSERDA) through its Cleaner, Greener Communities program for energy efficiency upgrades; and $ 10 million from New York State Homes & Community Renewal (HCR) for affordable housing tax credits to be used to create 72 units of mixed - income senior housing and amenities.

In a statement released Tuesday, Stringer claimed that the new affordable housing units created under the rezoning plan would in fact be unaffordable for 55 percent of East New York's current residents, and that the market rate units would be unaffordable for 84 percent.

Larizza is responsible for creating more than 250 affordable for sale and rental units throughout the 12 municipalities in Westchester County.

The housing bonds, known in the industry as «bond cap» or «volume cap,» are responsible for a significant chunk of the affordable housing built in New York City — 17,000 of the roughly 40,000 units the city has created over the past two years.

Located at 260 West 153rd Street in Manhattan, this new seven - story development is named in honor of the current Chairman of HCCI and includes 50 units of affordable housing, an onsite daycare center, and new community service office for HCCI.

(May 1, 2017) New York State Homes and Community Renewal (HCR) and the Office of Temporary and Disability Assistance (OTDA) joined Housing Visions, elected and local leaders and development partners to dedicate Walnut Avenue Homes in the City of Niagara Falls, a 41 - unit development of seven new buildings and the adaptive re-use of another that is providing affordable housing for low - income households and the formerly homeless.

On topic questions included whether the administration plans to increase low - income affordable housing production, what actions are required for the administration to count a unit of housing as «preserved», whether housing built with 421 (a) tax credits anywhere in the City should require affordable units, how the de Blasio administration counts housing underway at the end of the Bloomberg administration toward its goal, what was done in this housing complex to «preserve» these units, whether units counted as «preserved» are always on a 30 year agreement, the annual average of 20,000 units created or preserved as set forth in the mayor's ten year goal of 200,000 such units and how money was spent on the 17,000 units created or preserved in 2014.

Martins» legislation mandates that any developer receiving the 421 - a abatement would have to pay workers the prevailing wage for projects with more than 50 units where less that 50 percent of the units are priced as affordable.

Stringer's report criticized the city for holding onto hundreds of vacant land parcels, which his office estimated could be used for about 50,000 units of affordable housing.

Referring to the 70,000 people who applied for 38 affordable units in Williamsburg in December, Nyman said that the city is at risk of becoming «a gated community.»

The two proposals, Zoning for Quality and Affordability (ZQA) and Mandatory Inclusionary Housing (MIH), are considered crucial to de Blasio's goal of creating 80,000 new affordable housing units and preserving an additional 120,000.

If built, the Family Community Life Center — a mixed - use project that has been in the planning stages for more than 25 years — would include an Olympic - size indoor swimming pool, a 25 - seat theater and media center, 24 - hour day care facilities, an indoor walking track, gymnasium, fitness center, classroom space, and 132 affordable apartment units intended as «workforce housing» for the area.

But while everyone seems to be pointing fingers, and three high - profile projects have failed to yield a single affordable unit, there is precedence for the city's power players to take the reins in controversial negotiations.

The developers behind the Bronx Commons, a 305 - unit affordable - housing project slated for the South Bronx, have a different idea in mind: They are adding a concert hall to the mix.

Plans to develop nearly 3,000 units of affordable housing across New York have been put in jeopardy because Cuomo and legislative leaders failed to reach an agreement on how to spend $ 2 billion they put in the budget this year for new housing, advocates charged.

At the time, de Blasio and REBNY were pushing for a 421 - a revamp that would have required any building in the city that received the tax benefit to reserve some units for affordable housing, as opposed to simply imposing it in parts of the city.

The Cuomo administration announced $ 1.2 million in affordable housing funds are available, a veritable drop in the bucket for a $ 10 billion program aimed at expanding affordable housing units by 2020.

For the first time in his two - year - old mayoralty, NYC Mayor Bill de Blasio is facing broad - based grassroots resistance, which has coalesced against major components of his plans for creating 200,000 affordable housing units in 10 yeaFor the first time in his two - year - old mayoralty, NYC Mayor Bill de Blasio is facing broad - based grassroots resistance, which has coalesced against major components of his plans for creating 200,000 affordable housing units in 10 yeafor creating 200,000 affordable housing units in 10 years.

Under that proposal, a total of 112 units would be permanently affordable to people making 80 percent of the Area Median Income (AMI) of $ 62,150 per year for a family of three.

Mayor Bill de Blasio, however, was a supporter of the project — seeing it as a test case for his new mandatory inclusionary zoning policy, which requires developers to insert affordable units into new developments as a precondition for construction.

Councilwoman Metzger said, «I would like to see consideration for some percentage of the units to be more affordable, or senior citizen housing,» but the Fakirises refused to commit to such a provision, saying that they set high standards for their tenants» creditworthiness and references.

Committee Chairman David Greenfield noted that the 27 percent of units set aside for below - market rents is the largest affordable housing percentage agreement in city history.

Mayor Bill de Blasio says he's perplexed as to why community residents are rejoicing over the City Council's vote to reject to the Sherman Plaza rezoning proposal in Inwood — arguing it is «not a win for the community» because developers could now erect housing with no affordable units.