City pushes for more affordable housing in LIC

More condo projects likely sprouting up in the area

TRD New York /
Jun.June 23, 2015 05:00 PM

With the possibility of more condo projects coming to Long Island City, the de Blasio administration is pushing for more affordable housing in the area.

At a panel discussion Tuesday, Department of City Planning director John Young said that he is hoping for a higher density and more affordable units in the neighborhood, Crain’s reported.

“Everybody understands the opportunity to put density where you have transit,” Young said. “It is what we call a smart growth strategy.” And Long Island City — with multiple subway lines and only a few minutes away from Midtown East — has just that.

Developers are considering adding more condos to the inventory in the neighborhood. To date, most of the new developments in Long Island City have been rentals.

“Housing, regardless of whether it is a for-sale or rental project, (will include a portion) that is affordable,” Young said, according to Crain’s. “And we mean affordable across a broad range of spectrums.” [Crain’s] — Claire Moses


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)

Nonprofit plans affordable housing development near Essex Crossing

Nonprofit plans affordable housing development near Essex Crossing
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
A rendering of the site at 44-02 Vernon Boulevard in Long Island City and Douglas Durst

Owners of LIC’s “Lake Vernon” notch win in tug-of-war with Durst

Owners of LIC’s “Lake Vernon” notch win in tug-of-war with Durst
Brad Lander and Vanessa Gibson (Credit: Getty, iStock)

NYC will lose 21,000 affordable units to budget cuts: report

NYC will lose 21,000 affordable units to budget cuts: report
Mayor Bill de Blasio (Getty, iStock)

Developers fume over city plan to cut affordable housing spending

Developers fume over city plan to cut affordable housing spending
Mayor Bill de Blasio (Getty)

New law shields restaurateurs, retailers who quit leases

New law shields restaurateurs, retailers who quit leases
(Credit: iStock)

No Covid break for big properties with unpaid taxes

No Covid break for big properties with unpaid taxes
A new study found that almost nine in 10 households have paid at least some rent in May (Credit: iStock)

Almost 90% of renters have made payments in May: report

Almost 90% of renters have made payments in May: report
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...