Development recap: Old Astoria
The following developments are in the pipeline for the Old Astoria and surrounding Neighborhood!
All of these are all As of Right. This means they do not require a zoning change. They are building within the existing zoning requirements.
Because of this, they are not required to provide Affordable Housing. Affordable Housing is only mandated by the city as a requirement when a Zoning Change is requested by the Developer. (Though in this case, AKI Development, developer of 23-71 31st st is indeed providing 30% Affordable Housing by choice. We have no up to date info one way or the other on the other rental developments)
Remember, a very important aspect of an approved zoning change is the creation of Mandatory Rent Stabilized (In Perpetuity) Affordable Housing. Not required with As of Right development.
June 24, 2019
June 21, 2019