Sentences with phrase «units at affordable rates»

The guest house is well known for its clean, comfortable, well - maintained units at affordable rates.

Spoil yourself and enjoy the best in life, come and experience the ultimate luxury of our upmarket, fully equipped, non-smoking B&B or self - catering units at affordable rates.

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.

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 program also played into what de Blasio considers his biggest success yet in forcing developers to include affordable housing; the 1,723 - unit Astoria Cove project along the Queens waterfront, where 27 percent of the units are to be available at below market - rate rents.

The measure is meant to provide a certain amount of units in a development are set aside at below market rates as a means of preserving affordable housing in New York City.

Ms. Olatoye's proposed program would use open space at the developments to construct 13,500 below - market - rate apartments — contributing to the mayor's ambitious affordable housing agenda — and 3,500 units for more upscale tenants.

The Guest House offers private units with wooden floors, fireplaces, a lounge and library in amongst gardens with secluded nooks, oak trees and a pool in the valley below the impressive Hottentots Holland Mountains, at affordable rates.

The firm is in the midst of a major renovation at that 209 - unit property, which includes both market - rate and HUD affordable housing residences.

This dynamic, coupled with the low statewide rental vacancy rate of 1.5 percent, creates an extreme demand for affordable units at the low end of the market that isn't met by current rental housing stock.

Since the mortgage rates continue to remain at extremely attractive rates it is a prime time for savvy investors to purchase foreclosed homes and multiple unit homes in order to help out their community with affordable rents.

Officials at Bellwether Housing, the city's largest nonprofit manager of affordable housing, at 2,000 units, report a vacancy rate of 1 percent.