Q&A
Affordable housing permanence and unit mix
0:52:57
·
87 sec
David Rosenberg confirms that all proposed affordable units would be permanently affordable. The unit size mix is still a moving target, subject to HPD approval through BLDS (Building and Land Development Services).
- All proposed affordable units would be permanently affordable
- Unit size mix is not finalized
- Mix will be subject to HPD approval and mandated percentages
- Developers need to revisit unit mix due to reduced density from city planning
Crystal Hudson
0:52:57
Thank you.
0:52:58
And Would all of the units you're proposing as affordable be permanently affordable?
David Rosenberg
0:53:09
Yes.
Crystal Hudson
0:53:11
And what is the proposed unit size mix?
0:53:14
So studios won better 2 bedrooms, 3 bedrooms, etcetera.
David Rosenberg
0:53:17
So it's a moving target and obviously subject to HPD approval through BLDS.
0:53:23
There are HPD does mandate certain percentages of 2 bedrooms relative to 1 bedrooms and studios and would have be submitted for their approval just like any other NIH project?
Crystal Hudson
0:53:34
I understand that it would have to be submitted for their approval, but do you have a a mix that you're still putting on it?
0:53:40
Yeah.
David Rosenberg
0:53:40
It's still a moving target based on especially because we you know, since city planning reduced the density, we've been first focused on making sure that there is a project that could be worked out before we've been able to get into the details of exactly what this project would look like.
0:53:56
And we think it would be different than what the because of the building constraints, it would look different than it's not just a shorter version of the 14 store unit, and so we'd have to really sit back with the architects and figure out what the best mix is.
Crystal Hudson
0:54:09
Okay.
0:54:10
It would be great to have that information.
0:54:12
Maybe you can follow-up with us because if we're talking about, you know, a workforce option and, you know, folks with families, we wanna make sure that the unit mix is appropriate.
William Wallace IV
0:54:22
Be delighted, counsel.
0:54:23
We'd be delighted.
