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Affordable Housing Wire

When plans for the Astoria Cove megaproject were first revealed last year, the developer said the multi-building, 1,525-unit project would have 340 affordable apartments. But an official application for a zoning change—the site is currently occupied by industrial warehouses—has been submitted and the number of affordable units dropped to 295. Developer Alma Realty isn't too concerned and thinks that since the plan for Astoria Cove was created under the Bloomberg administration "that the desire to modify or change the city's policy" should not "be applicable" just because a new administration is in office. [NYDN; previously]