New Affordable Housing Requirements in NYC
Sector: Residential • Location: New York City, New York, USA
Source: Bloomberg
New York City lawmakers passed several bills setting new requirements for affordable apartments in buildings that receive city funding. The legislation mandates that 25% of new affordable housing apartments must be two-bedroom units, 15% must include three bedrooms, 50% of new housing financed by the city must be affordable to extremely and very low-income households, and 4% of new construction mu
Project Information FAQ
Project Information
Want to explore the full details? View the full report
Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | New York City lawmakers passed several bills setting new requirements for affordable apartments in buildings that receive city funding. The legislation mandates that 25% of new affordable housing apartments must be two-bedroom units, 15% must include three bedrooms, 50% of new housing financed by the city must be affordable to extremely and very low-income households, and 4% of new construction must be available for purchase rather than rent. Additionally, developers receiving city funding must pay workers a minimum combined wage and benefits package of at least $40 per hour. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |