New Affordable Housing To Be created at Former Slaughterhouse in Hell’s Kitchen
New York City.
If developers take the incentives, the sight of the former slaughterhouse and now NYPD parking lot, at 11 Ave. between 39 and 40th Streets, could become affordable apartments in a sea of new market rate development in Midtown West. Huge kudos are deserved by Council Member Corey Johnson, Mayor de Blasio and all involved if the housing comes to fruition and on all their efforts thus far.
An RFP (Request for Proposal) is being put out by New York City Economic Development Corporation (NYCEDC) and NYC HPD (Housing Preservation & Development) with the option to define affordability levels. More here:
There is an obvious need for working and middle class, permanent housing in the neighborhood where we live and work. The average rent now for a one bedroom has surpassed $3330 for the area. It will be interesting to see how they will define affordable and what the income thresholds will be.
Is a family of three earning over $100,000 in need of an affordable apartment under $3000 a month? Or is a single person earning less than $85,000 in need of an apartment, a studio or one bedroom less than $2500? How many units will be created? I believe the answer is “yes” and hope the entire building will be affordable. It will be a major challenge for a developer to create this much needed housing with high construction costs and goal of making a profit. The de Blasio Administration hopes to do it with more private funds but the RFP wording leaves open the possibility of public subsidies.
What will be the amount spent in incentives to persuade developers to build the housing? And will it allow for market rate housing? Will it achieve 100% affordable housing?
It is welcomed news. Elected officials, Community Board #4, and affordable housing activists deserve credit for getting this proposal this far. I definitely love all the new construction and new luxury housing going up to add to the much needed housing inventory but we also need homes affordable to the fire fighter, the artist, the entrepreneur, along with the successful CEO and lawyer.
Here is the request for proposal from HPD and EDC for mixed-use development:
Here is New York City Connect, affordable housing applications:
We need to be a city for all New Yorkers.
Photo caption: Curbed NY, [Coming soon: another affordable housing project? Screenshot via Google Maps]