After four years of planning and delays, the city will start soliciting bids on Monday to begin building what could become the citys largest development for middle-income residents in 40 years.
The Bloomberg administration, which is heavily subsidizing the project, is asking developers to compete to build 1,000 apartments on a once industrial strip of Queens land known as Hunters Point South, where Newtown Creek enters the East River.
Jerilyn Perine, a former city housing commissioner who is executive director of the nonprofit Citizens Housing and Planning Council, said that not every project could address all of the citys housing needs.
Were still a city where half the households are paying more than 30 percent of their income for rent, Ms. Perine said.
She said Hunters Point South was a great project. Im a big fan of transforming the industrial waterfront, she said. Its something that has to be done for the future of our city. There is, however, an upfront cost to doing that in time and money.
Read more in The New York Times.