City Council Gives a Green Light to Phase Two of Willets Point Affordable Housing Development
A Queens affordable housing development that “is set to introduce the largest entirely affordable housing project seen in the city in four decades” is advancing to Phase Two, having secured New York City Council approvals on April 11th. Located in the Willets Point neighborhood of the borough, the second phase of construction will added 220 affordable housing units dedicated to low-income seniors to the 880 affordable units that have already commenced construction as part of the project’s first phase and expected to be completed by the end of 2026. Upon full construction completion, the project will also deliver more than 150,000 square feet of new public open space, more than 20,000 square feet of retail space, a 250-key hotel, and a 25,000-seat stadium for the New York City Football Club. Originally announced in November 2022, the project is “expected to generate $6 billion in economic impact, creating more than 14,000 construction jobs and over 1,500 permanent jobs over the next 30 years.”
Source: https://www.nyc.gov/office-of-the-mayor/news/269-24/mayor-adams-celebrates-largest-all-affordable-housing-project-40-years-city-s-first#/0