The 234 Apartment

When Bill de Blasio became mayor of New York City in 2014, he made no secret of his intent to place affordable housing at the center of his term. Not long after his election, he rolled out his Housing New York plan–a 10-year strategy to build or preserve around 200,000 affordable units across the city’s five boroughs. advertisement Affordable, when it comes to housing in New York, is a slippery term. Critics of de Blasio’s plan have pointed out that the majority of the units built or converted under Housing New York remain out of reach of low-income New Yorkers–those earning less than $43,000 per year. And while the plan has succeeded making a nearly 100,000 unit dent in the city’s 550,000 affordable-unit shortfall, the terms of the new unit’s affordability are ephemeral: The majority of the units created and preserved under the mayor’s plan are only regulated temporarily, often for as little as two decades. There is no guarantee that a unit designated as affordable today will remain...

Woodcrest Country Club will be preserved in perpetuity under a deal reached between owners and town officials . (Photo: JOHN ZIOMEK/Courier-Post) Story Highlights The Short Hills complex, to be made up entirely of affordable units , would be developed by Fair Share Housing Center , a Cherry Hill- based advocacy center for affordable housing . CHERRY HILL – A deal to preserve Woodcrest Country Club could put more than 800 apartments on commercial sites on the township's west side, including the current headquarters of Subaru of America. The plan, which needs a judge's approval, would include from 90 to 124 units for people with low and moderate incomes — part of an agreement to settle a 30- year court fight over Cherry Hill's affordable-housing obligation. Township officials have said the agreement would bar future development at the 180- acre country club . The club's owner, Cherry Hill Land Associates , had sued the township in an effort to build an 844- unit apa...

NEW PORT RICHEY – A shortage of affordable housing is an issue that affects communities throughout the state and Pasco County is no stranger to the subject. Guests to next week’s Housing and Community Development Summit in New Port Richey will learn how Pasco is affected and new ideas in development to make sure low-income residents can find proper shelter . The summit will take place from 8 a.m. until 2:30 p.m. Monday, Aug. 21, at the CARES Elfers Center , 4136 Barker Drive. It is presented by the Pasco County Community Development Department . Jaimie Ross, president and CEO of the Tallahassee- based Florida Housing Coalition , will lead the discussion. “It’s really a time for different parts of the community to come together and talk about the issues they’re having and come up with some ideas for addressing them,” Ross said of the Aug. 21 gathering. Other localities throughout the state request similar summits with Florida Housing Coalition involvement and the nonprofit organizat...

NEW YORK, Aug. 23, 2017 (GLOBE NEWSWIRE) -- Greystone, a real estate lending , investment and advisory company , today announced its closing of a $550,000, 000 permanent Freddie Mac loan made to joint-venture partners The Moinian Group and SL Green Realty Corp . for Sky Residences (“Sky”), one of Manhattan’s premier mixed-use residential buildings . The Greystone Bassuk debt advisory team , led by Richard Bassuk and Drew Fletcher, represented the Borrower and assisted in obtaining the Freddie Mac loan through Greystone’s Affordable Lending team . The transaction marks the largest-ever single-asset tax- exempt financing completed by Freddie Mac and a first-of-its- kind private placement structure that includes permanent financing for hundreds of affordable housing units in New York City. Steve Rosenberg , CEO of Greystone, together with Billy Posey, Joe Mosley, and Jeff Englund, collaborated with Freddie Mac on the structure for Moinian and SL Green, and spearheaded the loan proc...

Pilot Will Create 1,000 Affordable Units Over Three Years on the Near North and West Sides CHICAGO–(ENEWSPF)–August 25, 2017. Mayor Rahm Emanuel today joined Alderman Walter Burnett and Alderman Joe Moreno to announce a pilot initiative to enhance affordability requirements for large residential development projects in gentrifying areas on the Near North and Near West sides, and along Milwaukee Avenue . Over three years, the initiative is expected to create up to 1,000 affordable units in areas that need them. “Access to affordable housing is critical to Chicago’s legacy as one of the world’s most livable big cities , especially as the real estate market undergoes unprecedented neighborhood development ,” Mayor Emanuel said. “This initiative will create more affordable units in targeted areas while helping the city to assess the most effective ways of meeting neighborhood affordable housing goals .” To be introduced to City Council on Sept. 6, the proposed improvements would be...

Chesterfield County again led the region for single- family home sales last year, but faces challenges when it comes to housing affordability.  That's according to Laura Lafayette, chief executive officer of the Richmond Association of Realtors, during her presentation to the Chesterfield Board of Supervisors this week. In the county, 5,460 single- family homes sold in 2016, a 13.5 percent increase from 2015 when Chesterfield again led the region. Sales in Chesterfield outpaced Henrico County , the second hottest housing market in the region last year, by 1,805 homes. The average sales price in Chesterfield was $266,484. Lafayette said she expected the number to be the same, if not slightly higher, by the end of 2017. "This is obviously a sellers market. If you want to purchase a house, you’ve got to bring a full-price offer," Lafayette said. While Chesterfield led the region for single- family home sales , Henrico came in first for condo and town home sales ...

A housing project in Qingdao, Shandong province. [Photo/VCG] President Xi Jinping has said "houses are built to be lived in, not for speculation". In this context, the pilot for joint property rights housing implemented by Beijing Municipal Commission of Housing and Urban Rural Development is an important move to cool down the heated housing market in the capital. According to a document, the government and the homebuyers will jointly own the policy- based housing units , with the government granting the buyers the right to use the property. Since the Beijing municipal government will provide policy support for the construction of joint property rights housing , the price of such housing units will be lower than commercial property in the same neighborhood. However, the homebuyers' right to use the property will be partly restricted. Different from economically affordable housing , joint property rights housing is a kind of limited property rights housing , becau...

This letter to the editor was received from Clark Senior Housing President Bill Caruso .  We, the Clark Senior Housing Corp ., would like to let all the residents, especially the new residents in town, know that the Clark Senior Housing Corp is a private, non-profit company, not associated with any township's governmental agency. The Senior Housing Corp . was organized to encourage the town to plan and build affordable housing . In December 2000, we came before the Mayor and council to ask them for help for this noble project. We were told that the town had no money to spend on senior housing or any land left to build it on. We were also told to find the money and land ourselves and then they will see what they can do to help us out. The plan was always to help our seniors on fixed incomes that could no longer afford the high taxes on their homes, to find affordable housing in town so they can stay dose to their loved ones. We never would support building luxury adult apartments...

Evelyn Gaston was 9 years old in 1971, when she lived with her mother and grandmother at 18 Wright St. in Rock Hill. Over the years, she raised her daughter in that home. And her daughter had her first child there. Life got away from Gaston soon after. She was unable to pay for the home, which led to it being demolished around 15 years ago. Then, she says, “ God put special people ” in her path. After learning recently that a new home was being built in that same spot, she went to her friends in city government. “After that, I didn’t have to do much,” said Gaston. “ People jumped right on in to help me, everybody stepped in to make sure I would get back on that property.” Gaston was among four people who spoke Thursday about how the Housing Development Corporation of Rock Hill (HDCRH) changed their lives for the better. The affordable housing organization held its annual luncheon and meeting at Manchester Meadows, with guests including Rock Hill Mayor Doug Echols and members of t...

A Kentucky development group is planning a 180- unit affordable apartment complex in north Baton Rouge on the corner of Airline Highway and Plank Road. LDG Development , which specializes in affordable housing , is still in the planning stages for the project, which is named Commodore Pointe . The Baton Rouge North Economic Development District announced the project at its meeting last night. A spokeswoman for the firm declined to comment, but LDG is not new to Baton Rouge. The firm previously developed the $ 24 million Mallard Crossing apartment complex on Greenwell Springs Road in 2012, as well as the Woodcrest Apartments, an $ 8 million development completed in 2013 on North Lobdell Boulevard . The developer is also set to cut the ribbon on the Port Royal Apartments , another affordable housing complex on Airline Highway, on May 10. In March, LDG announced a 204-unit project on Nicholson Drive and Gardere Lane. Commodore Pointe will feature two four- story residential build...

Each 10 percent increase in Seattle rents leads to 523 more people becoming homeless. Pictured here someone living in one of Nickelsville’s sites. Nickelsville is an encampment run by and for homeless people in Seattle that seeks to provide a safe place for people to stay. In 2015, the homelessness crisis in Seattle was declared by Mayor Ed Murray to have reached a “state of emergency” severe enough to prompt him to request support from the federal government. Two years later, homelessness in the Emerald City is still on the rise as rents across the city and nearby towns continue to soar. The cost of rent in Seattle and the surrounding King County area has exploded in recent years. While luxury condominiums have never been more plentiful, affordable housing that is accessible to working people is difficult to find. According to data compiled by the real estate website Zillow , the average cost of renting a home in King County has risen approximately $800 since September of 2012....