Apartment City

96 Baxter Street via Google Street View The 13-story, 88- unit rental building for low- income seniors at 96 Baxter Street in Chinatown has opened its waiting list to new applicants this week for the first time in 25 years (h/t Lo-Down). Only people aged 62 and older (over 18 if they are mobility impaired) can apply. The units rent for  30 percent of one’s annual income ; studios are available to those earning less than $33,400 a year and one-bedroom to those earning less than $38,200. The waitlist originally contained over 3,000 names, a number which now stands at only a handful. Among the building’s current tenants, two are reportedly 108 years old. The youngest residents are about 85. Joining Chung Pak as they re-open their wait list for low income senior housing . The need for quality sen housing is more pressing than ever pic.twitter.com/ggZPntfeW1 — Margaret S. Chin (@CM_MargaretChin) August 22, 2017 Chung Pak Local Development Corp . held a news conference to announce the re...

August 17, 2017 https://www.masshousing.com MassHousing has provided $17.6 million in affordable housing financing to the Claremont Companies for the refinancing of the 200-unit Solemar at South Dartmouth. The refinancing of the mixed- income senior citizen community preserves the affordability of the property’s 100 affordable units through 2034. Affordability of 100 units will be extended to 2034 “This transaction provides a great outcome for the residents of Solemar at South Dartmouth and for the Claremont Companies,” said MassHousing Executive Director Tim Sullivan . “This refinancing extends housing affordability protections for lower- income senior citizens , and improves the property’s long- term financial health , all without using scarce state resources . And it demonstrates MassHousing’s commitment to working creatively with the owners and developers of affordable housing , to offer competitive financial products suited to their unique needs, while meeting the Commonwealth...

RIO DE JANEIRO ― Seven years ago, Vila Autódromo was little more than a tranquil fishing village on the edge of Jacarepagua Lagoon, next to the racetrack for which it was named. Like the hundreds of other favelas that dot Rio de Janeiro ’s landscape, it had long been neglected by the city government , and it lacked many basic public services that are standard in the fast- growing wealthier neighborhoods just across the water. But to the more than 600 families that lived there, it was home. “This was a paradise,” said Luiz Cláudio Silva, who lived in Autódromo for more than 20 years. “I thought that I would live here for the rest of my life.” By the time the Rio Olympics are over, just 20 of the families who lived in Autódromo in 2009, the year the International Olympic Committee chose the city to host the games, will remain. The community, which sits less than a mile away from Rio’s Olympic Park, was crushed so that the city could build new access roads to connect Olympic venues . ...

Photo: Robert Clark Even though annual rent growth over the last year in New York City has been at its slowest pace in recent years, many renters are still finding themselves priced out of the market. Rents are rising twice as fast as wages, hitting the city’s low-income earners the hardest, according to a report released today by the listing site StreetEasy . Asking rents went up by 33 percent city -wide from 2010 to 2017, or nearly 4 percent annually. Over the same period, median wages only increased 13 percent since 2010, or just under 2 percent annually. Wage inequity is neither a new phenomenon or something confined to just New York City. “But what surprised us was the extent to which it has exacerbated problems around rent affordability despite New York City’s strong economic growth and efforts to spur more housing construction,” Grant Long, senior economist for StreetEasy, tells BuzzBuzzNews . The growth seen in asking rents also outpaced the growth in costs of other goods l...

Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City." title="In this March 24, 2017 photo shows a new apartment complex in the Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City." src="src" /> In this March 24, 2017 photo shows a new apartment complex in the Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-a...