Two local politicians announced yesterday that legislation to create two new affordable housing zones across several Queens neighborhoods has been passed by the state Legislature and is now waiting to be signed into law by Gov. Spitzer.
The law would provide 25-year property tax breaks to developers who make at least 20% of their units affordable.
Affordable home zone
The two zones encompass Woodside between 54th and 69th Sts. and 39th Ave. and Broadway; and the Elmhurst-Jackson Heights-Corona area, bounded by 69th and 94th Sts., 52nd Ave. and Northern Blvd.
To qualify, households cannot earn more than 60 percent of the median income of households within the exclusionary zones.