Mayor de Blasio and the City Council's Land Use Committee have won a better deal (see NY Times article) for
Astoria Cove in Queens:
* Area Median Income (AMI) The area median income for New York City in 2013 was $63,000 for a family of four. But in the Astoria Cove area, the median income is $56,000. (To get the median, line up all the incomes, highest to lowest. The one that is halfway down is the median.)
- 27% of the apartments (instead of 20%) will be affordable.
- Most of the affordable apartments will rent to people making no more than 80% of the area median income* with some as low as $800/month
- A ferry dock will be built since the project is a mile from the nearest subway
- Union members will build, maintain and service the project.
* Area Median Income (AMI) The area median income for New York City in 2013 was $63,000 for a family of four. But in the Astoria Cove area, the median income is $56,000. (To get the median, line up all the incomes, highest to lowest. The one that is halfway down is the median.)
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