With this new program, local zoning ordinances would be non-factors.Additionally, union pensions would be funded through the AFL-CIO Housing Investment Trust. Financing for these projects would come from tools already in place for funding mixed-income developments, like low-cost bond financing, the Low-Income Housing Tax Credit, existing subsidies from the New York City Housing Development Corp., the city Department of Housing Preservation and Development, municipal housing finance programs throughout the state, the state Housing Finance Agency and capital grants from government agencies.Additionally, they will remain accessible and be permanently affordable, allowing for long lasting stability and middle-class perpetuity. The housing authorized by this program will stabilize and retain the middle-class communities in which they are built. Additionally, the homes will be developed for residents earning between 30-130% AMI to avoid gentrification. With the housing being built on vacant land, there will be no concerns about displacement by use of eminent domain or harassment of tenants in existing developments. With aggressive community outreach and the promotion of apprenticeship programs, residents will have opportunities to participate in rebuilding their community and pursue an accessible family-sustaining middle-class career in unionized construction. In addition to new housing options, the creation of thousands of good paying union careers will foster further economic stimulus.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |