City officials broke ground Monday on the latest phase of a massive affordable housing complex on a former industrial site in Long Island City.
Hunter’s Point South II will feature 3,000 new apartments on some of the priciest real estate in New York City. But Mayor de Blasio said at least 60% of the units will be set aside for low, moderate and middle-income families.
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The completed project — which includes several buildings under phase one — is expected to create 5,000 units of housing.
“This will make it the largest affordable housing development to be built in New York City since the 1970s,” said de Blasio, who attended the ceremonial groundbreaking. “People want to see big solutions, it doesn’t get bigger than Hunter’s Point South.”
The development was started during the Bloomberg Administration and will include new commercial space and parkland along a stretch of East River waterfront once dominated by factories and warehouses.
But over the last decade, the old factories were demolished and luxury towers were built, luring new tenants with sweeping views of the skyline and a quick commute into Manhattan.
De Blasio and others said new units will keep the neighborhood accessible to middle-income families.
For example, a family of four with an income between $24,000 and $33,560 can rent a two-bedroom apartment for $648 while a family of four with an income between $82,903 and $138,435 will be able to rent a two-bedroom apartment for $2,366.
The city has set aside $99 million to build infrastructure, roadways and a waterfront park at Hunter’s Point South II. That portion of the project is expected to be completed by 2018 followed by housing construction.
Last year, more than 92,000 people applied for 924 affordable units in the first two buildings in the development.
Those are expected to be fully occupied by the end of December.
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