New York City Housing Development Corporation

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Presentation transcript:

New York City Housing Development Corporation Hunter’s Point South A & B New York City Housing Development Corporation Transformative, multi-phase, mixed-use project located in an under-utilized former industrial district of Queens Consisting of two new-construction developments, the site will contain 925 permanently affordable apartments with amenities and parking offered The multi-tier income levels in the development , from 40% up to 230% of AMI, help to cross-subsidize the low income units without sacrificing the market rate amenities and efficiency of building operations.  Development area also includes new infrastructure, roadways, waterfront park, waterside promenade, protected bikeway, commercial space and 1,100-seat school Early City projections forecasted the development would stimulate the creation of 4,600 jobs and catalyze more than $2 billion in private investment