PRESENTATION
Community benefits of the 438 Concord Avenue development
2:20:22
ยท
49 sec
The 438 Concord Avenue project offers several benefits to the local community, particularly in terms of housing options and affordability.
- 80% of units are 2-bedroom or larger, addressing the need for family-sized apartments
- 25% of units are 3-bedroom or larger, a rare offering in affordable housing projects
- 25% of units dedicated to affordable housing under Mandatory Inclusionary Housing
- Inclusion of washers and dryers in each unit and balconies in 80% of units
- Potential for a much-needed supermarket in the area
Richard Lobel
2:20:22
80% a full 80% of the units in this building would be at 2 bedroom or greater, and a quarter of the units would be at 3 bedroom or greater.
2:20:30
So the Bronx borough president did note that the opportunity to bring 3 and 4 bedroom units to this community, inclusive of ones that would allow for inclusionary housing, affordable housing within those units, was something that their office rarely, if ever, saw.
2:20:45
And they issued a, a a very strong recommendation in favor of the project as is.
2:20:51
There would also be an additional, in addition to the, units as stated, of course, 25% affordability and then sustainability pursuant to typical measures.
2:21:01
I would merely, allow Alejandro to, again, briefly speak to the building program, and then I would just close with a discussion of the land use rationale, and then we're happy to take questions.
2:21:11
Alejandro?