The Real Deal New York

Hunter’s Point South to kick off affordable-housing applications

925 units to be geared toward families making up to $191K
September 08, 2014 02:05PM

Hunter’s Point South, which is being developed by the Related Companies, Phipps Houses and Monadnock Construction and spans 30 acres in Long Island City, will begin accepting applications for the property’s affordable rentals next month.

A total of 925 units will be offered, and priority will go to Community Board 2 residents, including Sunnyside, Woodside and Long Island City. Income requirements are geared toward middle-income earners, or families making up to $191,000.

Related is expected to send out marketing materials early next month that will announce the lottery and application deadline, the LIC Post reported. Once the campaign launches, applicants will have 60 days to submit applications through the NYC Housing Connect website.

The city’s Economic Development Corporation issued a request for proposals for the project’s final portion in May, which includes the construction of a new waterfront park, roads, water mains and sewer lines that will support the development’s approximately 5,000 units. In total, Hunter’s Point South is expected to cost roughly $100 million to complete. [LIC Post]Julie Strickland