New York City has been granted an early green light for the construction of nearly a dozen new housing projects.
The Department of Housing Preservation and Development (HPD) on Monday approved two large-scale projects totaling nearly $1 billion for the New York metropolitan area.
The first is the $1.2 billion New York Housing Preservation & Rebuild project in Queens, which will include over 1,500 new housing units.
It will include a mix of existing buildings and newly constructed housing that will be designed for the low-income population, according to the city.
The second, the $900 million West Village Housing Project, will include 1,100 new housing apartments.
The development will include new buildings in Brooklyn, Queens and the Bronx, as well as a portion of the Bronx waterfront.
The two projects will also include a $1 million expansion of the Hudson Yards redevelopment project, the new development at the corner of Fifth Avenue and Columbus Circle.HPD Commissioner John P. Bratton announced the approval of the project at a press conference on Monday.
The first phase of the new housing will be completed in 2028, and the second phase is slated to be complete in 2031, he said.
Bratton said the city’s goal is to construct over 1 million units of affordable housing by 2032.