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We've been asked if only those lucky few who get to live in the subsidized buildings are protected, or do subsidized units have some sort of protective effect over the whole neighborhood.
We need more public housing and other subsidized buildings, and the existing developments should be maintained, even cherished.
But in 1997, Congress passed legislation that made it possible to get financing to rehabilitate some subsidized buildings.
Her district includes East 21st Street and the Lower East Side, the site of many subsidized buildings.
The coalition also wants the next governor to develop a strategy for encouraging owners of subsidized buildings to remain in public programs like Mitchell-Lama, rather than opt out and raise rents to market rates.
But low-income families in Pleasant East Apartments, federally subsidized buildings on East 117th and 119th Streets, will not have to depart now that the Department of Housing and Urban Development has decided to let their buildings stand.
Similar(51)
There is an eight-year wait for government rental vouchers or an apartment in a subsidized building, city officials said.
Many state and municipal governments are confronted with similar scenarios, 30 years removed from a subsidized building boom.
Mr. Konkus, who built a subsidized building for the elderly on Kenmore Avenue two years ago, said he would never again undertake a subsidized project.
He waited a year and a half for his current apartment — in a subsidized building for the elderly called Pond Run — and that was before the rising tide.
Samuel G. Gaccione, executive vice president for the TNS Development Group, said his group planned upgrades at the Shelton, a subsidized building under construction in Bedford-Stuyvesant — granite countertops, stainless-steel appliances, hardwood floors — to prepare for a bad market and buyer trepidation.
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