Affordable Housing Wire: City councilman Costa Constantinides is worried...

Zoe Rosenberg
August 28, 2014
astcove.jpg
astcove.jpg

City councilman Costa Constantinides is worried that the wording in a proposal for permanent affordable housing in Astoria Cove, the 1,723-apartment development planned for the northern Queens peninsula, may contain loopholes that will allow developers to pass market rate rentals. Constantinides believes that as is, the proposal could either specify 345 apartments as set aside for low-income households, or, to his dismay, 700 apartments for moderate-income households. Meanwhile, lawyers for Astoria Cove's developers maintain that its affordable apartments will be just that. [Crain's; previously]