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Related Companies to develop two new buildings for low-income veterans

Marine_Terrace

Aug. 5, 2016 By Michael Florio

A large New York City-based development company has purchased seven buildings near the Astoria waterfront, with plans of constructing two more that would provide housing for veterans and the homeless.

Related Companies purchased the Marine Terrace Complex, located on 21st Street between 20th Ave and 21st Ave, in June. The company plans to keep all the units throughout the seven building complex affordable. All tenants in the 444-unit complex will remain.

Related said that it plans to construct two new buildings at the northern most portion of the site that will bring an additional 53 units. One of the buildings will be four-stories high and will contain 32 units; the other a three-story structure, with 21-units.

These new buildings will have an 80 percent housing preference for military vets and include a service package specifically designed to address the needs of low-income veterans.

These units will be set-aside for veterans making no more than 60 percent of Average Medium Income (AMI), with a maximum rent of $1,020, a spokeswoman said.

Additionally, a housing preference will be implemented to lease 20 percent of the units to eligible homeless residents, the company said in a statement.

Related hopes to break ground on these new buildings next summer, and have the work completed by the fall of 2018.

The new units will be marketed through the local VA, and NYCHA.

Related also plans to renovate the existing 444-units with new kitchens, bathrooms, flooring, lighting, and landscaping, the company said. The renovation work began earlier this week and will be completed by January 2018.

The 444-units will be part of the Section 8 Housing Assistance Payment (HAP) that provides affordable housing. HAP will use annual income calculations to determine each resident’s rent, which is typically 30 percent of the tenant’s adjusted household income.

Related will spend $49 million on the renovations and new construction, a company spokeswoman said.

The company will also add new amenities.

The new residential buildings will include 5,400 square-feet of amenity space for all tenants, including an on-site management office, fitness center, computer lab, resident lounge, laundry room, nurse’s office and meeting room.

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13 Comments

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Jerry

You tell him Rudy!

You don’t like where you are living them move where freedom is not free.

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dimi

I think those old factories on 20th Avenue are next. We all know the NYCHA must be eye balling that area. Plenty of space for it and no luxury developer wants to build by the ConED plant and Sewer treatment plant. I am sure the city does not mind. Glad I am not by the ditmars area.

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gaylesm

I heard there will be a private school on 20th Ave in the 40’s. I think it will be a religious school that caters to the Muslim population. I am not sure if they are converting one of the old factories or rebuilding. Someone in that area (by the new park) told me it will have the capacity to teach 2000 students. Not sure how accurate it is but i did notice a religious center that opened up by there. Changes are coming to that area.

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N. Hart

Why not build near the rich? No room on Park Avenue, Fifth Avenue Or Beekman Place!? Build on the property at Gracie Square. I’m very sure our mayor won’t mind!!

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Curtis West

Affordably section 8 housing is the answer to ending sex predator and income inequality that’s why they must set 50% of apartments to section 8. It’s the answer and ends century s of opression.

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lookoutfolks

Google sex offenders in Long Island City and see how many registered sex offenders are being housed at the Borden Avenue Veterans Residence. Just be aware who might be living close by.

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hummm

Most Veterans are not sex offenders! However, there are many registered sex offenders in LIC who are housed in the Veterans residence/shelter! Its a fact and it is public information. More people should visit the NYS Division of Criminal Justice Services Sex Offenders registry (website) and see who lives around you no matter where you live. It is something I do wherever i move to. Just be aware.

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Rudy

You are so ignorant, veterans as myself most likely don’t have a record and served this country so fools as yourself can live your lives worry free

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AstoriaLifer

Oh, brother. Even MORE people being squeezed into this area. Hopefully, there will be another financial collapse just as they’re about to break ground. Who runs this Related Companies anyway?

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