The City Council on Tuesday approved what is being called the largest private affordable housing project ever to be built in the borough of Queens — a 3,190-apartment complex along five blocks of Astoria.
A projected 1,436 or 45% of the 3,190 units for the $2 billion “Innovation QNS” complex will have “affordable” rents to accommodate lower and moderate income tenants.
That figure includes 825 units for extremely or very low-income households or those living in the homeless shelter system.
The council’s support comes just days after Mayor Eric Adams announced a 25,000-seat soccer stadium/affordable housing development in Queens’ Willets Point near the Mets’ Citi Field ballpark.
The $780 million soccer arena for the New York City Football Club will be privately financed and also includes a hotel along with 2,500 affordable apartments.
Adams called the Astoria development “a game-changer.”
“This is exactly the kind of historic work we must do to tackle the housing shortage at the root of our affordable housing crisis,” the mayor said.
“Queens is the borough of `yes,'” said Queens Borough President Donovan Richards.
“We can’t recycle old rhetoric. It’s time to build our way out of the housing crisis. Queens is the borough of the future and is leading the way,” he said.
The local councilwoman, Julie Won, pledged her support after the developers — a partnership that includes Silverstein Properties, BedRock Real Estate Partners and Kaufman Astoria Studios — agreed to raise the percentage of affordable apartments from 40% to 45%.
The developers will also set aside $2 million for free legal services to protect neighboring tenants from displacement — in what is one of the city’s hottest, gentrifying neighborhoods.
The $2 billion development will overhaul a five-block industrial area that includes the Museum of the Moving Image.