Commission conditionally approves schematic designs for Block 49, a 60‑unit Hunters Point affordable housing site

The Commission on Community Investment and Infrastructure on Oct. 15 conditionally approved schematic designs and CEQA findings for Block 49, a proposed 60‑unit affordable housing project on Parcel A of the Hunters Point Shipyard Phase I redevelopment area.

Amber Lako Asare, the agency assistant project manager for the shipyard, told the commission the Sixth Amendment to the Phase I Disposition and Development Agreement allows the master developer, Lennar, to concentrate 50% area‑median‑income (AMI) affordable units on a single block so those deeply affordable units can be delivered sooner. "Block 49 units will be made available to individuals who earn up to 50% area median income, which in 2013 equals $35,450 annually for a one‑person household or $50,600 for a four‑person family," Asare said. She added that Lennar will cover any financing gap and pay a $1,000,000 affordable housing fee required under the…