The developers behind a plan to build thousands of new apartments on Astoria's waterfront said this week that the project will include 345 affordable units, up slightly from their last proposal but still short of what local leaders want for the development.
2030 Astoria Developers said last month they were working to increase the number of affordable housing units in their Astoria Cove proposal — five mixed-use buildings with nearly 1,700 apartments on a portion of the Hallets Point peninsula.
The developers — a group of investors which includes Alma Realty — had last proposed 295 affordable units, which attorney Howard Weiss said accounted for 20 percent of the residential floor area of the development’s waterfront parcel (three buildings) but only 17 percent of the entire project.
He says they’re now applying the city’s Inclusionary Housing Program to the entire site, including two other buildings, which will result in 345 affordable units, or 20 percent of the entire project.
That still falls short of the 35 percent Community Board 1 requested of the project last month, when the board presented a list of stipulations to the developer following a lengthy public hearing the week before, where a number of speakers said they were worried about affordability.