Council Member Banks Announces Lincoln Workman Project's 63 Affordable Homes and Parking Spaces

The Subcommittee on Landmarks, Public Sitings and Dispositions convened on August 14, 2025, to discuss a significant housing development project in New York City. The meeting focused on the Lincoln Workman Project, which aims to construct 23-story buildings that will provide 63 affordable cooperative homes in the 42nd Council District.

The presentation highlighted several key features of the proposed development. Each unit will include one designated parking space, totaling 63 off-street parking spaces to alleviate local parking shortages. The buildings are designed in accordance with Enterprise Green Communities standards, incorporating environmentally sustainable practices such as native plantings, stormwater management, and energy-efficient appliances. These features are intended to reduce the burden on the sewer system and lower electricity costs for residents.

Council Member Banks expressed pride in the project, emphasizing its potential to enhance homeownership opportunities for local families. The development will offer a mix of two- and three-bedroom units, priced for households earning between 70% and 80% of the area median income (AMI). The sales prices for these homes will range from $275,000 to $320,000, with qualifying incomes between approximately $101,000 and $117,000. Long-term affordability will be secured through a 40-year Article 11 tax exemption and a regulatory agreement.

The meeting concluded without public testimony, and the subcommittee laid over the items for further consideration. The Lincoln Workman Project represents a significant step toward providing affordable housing and improving community stability in the 42nd Council District.