Large middle-income housing development coming to LIC

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The city received 30 acres of mostly vacant waterfront property in Long Island City from the Empire State Development Corp. and the Port Authority of New York and New Jersey, on which it plans to build 5,000 units of housing. The area, called Hunter’s Point South, is expected to be the largest middle-income housing development built by the city since the 1970s. According to the city, 1,000 units will be set aside for households making 80 percent of the Housing and Urban Development income limit; 1,000 units will be for families with incomes at 130 percent of the HUD limit; and another 1,000 units will be for households at 165 percent of the HUD limit. The remaining 2,000 units will likely rent at market rate. The city still has to pay for infrastructure work and find developers interested in financing the project.

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