The project will bring tens of thousands of new jobs, billions in tax revenue, and investment in infrastructure, City says. On November 13, 2018, Mayor Bill de Blasio and Governor Andrew M. Cuomo announced that Amazon has selected Long Island City, Queens for one of its two new corporate headquarters. The City has been steadily increasing investment into Long Island City, with more than $2.4 billion of planned infrastructure investments and a recently announced $180 … <Read More>
Search Results for: Woodside, Queens
421-a Property Tax Process Renewed
The revised Section 421-a offers new opportunities for affordable housing. The 421-a property tax exemption began in 1971 as an incentive for developers to develop badly needed housing in New York City. When the real estate market rebounded in the 80s, the program was amended to condition tax abatements on the construction of affordable housing units. The program expired in June 2016. In its place, the State Legislature passed the “Affordable New York” program in … <Read More>
New inclusionary zoning yields 536 units
HPD reports that an additional 1,139 affordable units are in the pipeline. At the Trends in New York City Land Use and Development forum co-hosted by the Center for New York City Law, HPD reported a total of 536 affordable units in construction and an added 1,139 units in the application phase as a result of the expanded inclusionary housing provisions.
The inclusionary housing provisions allow developers to increase the floor area of a development … <Read More>
New district approved with 70-block rezoning
Council Member Avella drops his opposition to the application of the R5D district to Jamaica Hill and Hillcrest, Queens. The City Council approved a 70-block rezoning for the Jamaica Hill and Hillcrest areas of Queens and a linked application for a newly created zoning district. The action reduced the size and density of permitted development on 59 blocks and up-zoned 11 blocks to a new district, an R5D.
The R5D district permits all residential building … <Read More>
134-block rezoning approved
Planning Department proposed application of inclusionary housing text to Queens neighborhoods. On May 24, 2006, the Planning Commission unanimously approved a rezoning impacting 134 blocks of the Maspeth and Woodside neighborhoods. The rezoned area is comprised mostly of one- and two-family homes as well as a few walk-up and elevator apartment buildings, and includes higher density development along Queens Boulevard. A steady increase in out-of-scale residential development triggered the City’s action.
Density would be decreased … <Read More>