Posts

Showing posts matching the search for area median household income

Affordable housing opens in Southeast Heights By Steve Sinovic / Journal Staff Writer Thursday, August 3rd, 2017 at 3:20pm

ALBUQUERQUE, N.M. — An affordable housing project in Albuquerque’s Southeast Heights that has been in the works since 2015 officially opened Thursday . Described as a high- design urban infill site , the 89- unit Casa Feliz apartment complex is a $17. 2 million redevelopment project that received funding from four sources. The bulk came from $12.5 million in low- income housing tax credits from the New Mexico Mortgage Finance Authority . City support for the project, which is located in the International District, includes $2.8 million from the Affordable Housing Fund . The New Mexico Housing Trust Fund kicked in $1.5 million and $400,000 came through the Ventana Fund, a nonprofit organization administered by MFA. The development, which is located at 443 EspaƱola Street SE, consists of efficiency, one-, two- and three-bedroom apartments. Casa Feliz is reserved for families and individuals with incomes at 30 to 60 percent of the area median household income of $48,900. Twenty per...

Housing on a budget: how does a single-income or low-income family find affordable housing with rising housing prices in Alaska?

It is one of the necessities in life, finding shelter. But who actually enjoys taking the time to search all over town for a perfect place that mandatorily fits into a budget? Anchorage isn't exactly the most expensive city around, but it's certainly not the cheapest. In a search for almost anything these days, most will likely turn to everybody's favorite modern resource , the Internet. Unfortunately, the online listing for Anchorage apartments is slim, and the information available for those apartments is even more feeble. The best and probably most accurate aid in an apartment search is an Apartment Finder catalogue , the small, detailed pamphlets found all over town in stores like the local supermarket and other retailers. The Apartment Finder names a variety of complexes citywide, lists apartments within most everyone's budget, and even provides maps for easy directions. And it can be acquired for every consumer's favorite cost: p...

1st apartment project on Platinum Mile breaks ground

Image
CLOSE Groundbreaking took place for the new Toll Brothers Apartment Living on Corporate Park Drive in Harrison, Aug. 15, 2017. Mark Vergari/lohud Buy Photo A rendering of the planned Toll Brothers Apartment Living planned for 103- 105 Corporate Park Drive in Harrison, photographed Aug. 15, 2017. (Photo: Mark Vergari/The Journal News) Buy Photo HARRISON - The first apartment development  on the Platinum Mile broke ground Tuesday , marking the further transformation of the aged office park corridor . To make way for the 421- unit luxury apartment complex , to be known as Carraway, one of two vacant office buildings at the 10.35 acre site,  105 Corporate Park Drive , has already been razed. Following the groundbreaking ceremony , heavy equipment started crashing into the facade of the remaining building at  103 Corporate Park Drive . Buy Photo Work continues on demolition for the site of the planned Toll Brothers Apartment Living at 103- 105 Corporate Park Drive in Harrison, photo...

Here's Your Chance To Score A $613/Month Studio At Hudson Yards: Gothamist

Image
You, too, can live with these beautiful people in the clouds ( additional fees apply ) Rents are going nowhere but up and wages aren't really going anywhere at all, so obviously this is as good a time as ever to play the housing lottery. Yes, even though I've argued many times that they should really call it the jack squattery since that's all I've ever won from it, I'd recommend you try to snag one of affordable apartments now available at 555Ten at Hudson Yards. The city's latest batch of affordable apartments come in two flavors of income bands. For people making 40% of the city's Area Median Income , there are 60 apartments ranging from $613/month to $875/month. To qualify, household incomes will have to come in somewhere between $22,903 and $44,280, depending on the size of your household. There are also a handful of affordable apartments available for people making 120 percent of AMI, or households making $68,709 and $132,840. Those 30 apartments ran...

Orange County church finds higher purpose for unused land: affordable housing and community services

At the ribbon cutting this month for the Wesley Village affordable housing complex in Garden Grove, Laura Archuleta couldn ’t resist referencing Joni Mitchell ’s 1970 environmental protest “Big Yellow Taxi.” Built on underused land that’s part of the Garden Grove United Methodist Church campus on Main Street, Wesley Village offered Archuleta , president of the nonprofit community organization Jamboree Housing Corp ., a chance to riff on one of Mitchell’s most famous lyrics. Where Mitchell sang “They paved paradise/And put up a parking lot,” Archuleta told about 300 people packed into the steamy church sanctuary on a hot afternoon that “Today we are going to learn how a group of dedicated organizations and individuals re-purposed a parking lot and put up a paradise.” Then she and others who spoke, including a single mom with six children who now reside at Wesley Village , told how the project became reality through a unique collaboration that involved the church, Jamboree and other...