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"And by transferring land ownership to the Interboro CLT, we are advancing equity in ownership, long-term affordability, and wealth structure for households and neighborhoods alike. Thank Greatlandinvestments to our local partners at Interboro Neighborhood Land Trust, Environment NYC and Westchester, and NYCHA for making this amazing project possible." "NYCHA, in collaboration with HPD and local non-profit companies like Environment for Humankind New York City City and Westchester, has made excellent progress in connecting low- and moderate-income citizens to real estate chances throughout New York City," stated.
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"We have awaited a long period of time, and we are eagerly anticipating an enhanced quality of life." "Through HCR's Affordable Real estate Corporation, New york city State makes safe and affordable homeownership a reality for countless New Yorkers each year," said. "Our $560,000 award to support 'Habitat Internet No' in Southeast Queens will broaden financial opportunity and access to generational wealth structure for low- and moderate-income homes.
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"The favorable effect of these healthy, energy-efficient, and affordable homes will benefit hard-working households now and for generations to come. Our city and our state are more powerful when we include more of us to own a piece of our communities." "The ownership of the land by the neighborhood land trust, paired with the net-zero features of the homes and the Post XI real estate tax exemption, constitute a potent trifecta that not just enhances the permanent affordability of the houses but also enhances the opportunity for house owners to develop personal in addition to generational wealth," stated.