Date: 10/3/2005 3:49:59 P.M. Eastern Daylight Time
From: MyNYC@nyc.gov
Reply To: msngrprdb2-1.5cqtq.5fe2.rs.0.55mxp.-nc2thg@popcsms.csc.nycnet
To: reysmontj@aol.com
Sent from the Internet (Details)
October 3, 2005
"HPD Press Releases" and "Request for Proposals/Qualifications"
HPD AWARDS TAX CREDITS FOR CONSTRUCTION OR REHABILITATION OF NEARLY 1,100 LOW-INCOME RENTAL APARTMENTS
The New York City Department of Housing Preservation and Development (HPD) has awarded a total of $12.4 million in federal Low Income Housing Tax Credits for 74 developments under the competitive funding round for 2005. These credits will produce 1,397 apartments -- of which 1,093 will be for low-income families -- across the five boroughs. This represents an increase from 2004 when $10.1 million was awarded, to produce over 1,000 low-income rental apartments. The units will contribute to Mayor Bloomberg's $3 billion New Housing Marketplace plan to fund the construction and rehabilitation of 68,000 apartments and homes by 2008.
HPD Commissioner Shaun Donovan said, "I would like to thank the State of New York for giving credit authority to HPD to award Low Income Housing Tax Credits in New York City. These tax credits generate thousands of units of affordable housing for low-income families, one central purpose of the Mayor's New Housing Marketplace plan."
To read the complete press release, visit HPD's website at www.nyc.gov/hpd
This is the NYC.gov News You Requested For:
HPD Press Releases%
No comments:
Post a Comment