Sentences with phrase «units under the mayor»

Not exact matches

Indianapolis - based Lilly is now laying off 485 people, mostly in its faltering Alzheimer's unit, the company told its city's mayor and the Indiana State Department of Workforce Development in a letter sent under the federal Worker Adjustment and Retraining Act (WARN).

Under the plan negotiated between the mayor and the Real Estate Board of New York, or REBNY, buildings with profitable luxury units would have a smaller share of affordable housing.

The mayor took office Jan. 1 with all 152 bargaining units operating under expired agreements.

Under the plan, the city would use public financing to help nonprofits buy roughly a third of the apartments currently used for the homeless, and then convert the apartments into affordable units, helping the mayor fulfill two goals: lowering homelessness and adding to the city's affordable housing stock.

Under the mayor's plans developers, for instance, can set aside 30 percent of its units to middle - income families, which means those earning roughly $ 110,000 a year, or paying about $ 2,700 a month in rent for a 2 - bedroom apartment.

In New York City, the funding is used almost entirely for housing projects, and under a mayor who has promised to vastly expand the city's affordable housing stock by creating and preserving 200,000 units over a decade, that pattern was not going to change.

The mayor has declared the plan on time and within budget and earlier this year he also announced an additional $ 1.9 billion investment to create 10,000 more affordable housing for low - income earners, including 5,000 more dedicated senior housing units, for a total of 15,000 senior units under the plan.

Under the mayor's proposal, there were three options developers could choose from, including making 25 percent of the units affordable for those making 60 percent of area median income, or AMI.

The third iteration of the supportive housing program, developed under former mayor Michael Bloomberg and former governor George Pataki, lasted 10 years and created 9,000 units.

Aides to the mayor said the changes to 421 - a could result in the creation of 24,000 affordable housing units over a decade — just 1,500 fewer than under their plan.