December 20, 2023

Watch a recording of this announcment on YouTube

With Construction One Year Ahead of Schedule, Project Will Deliver First 880 Units of 2,500 Affordable Homes, One Acre of Open Space, Retail Space, and Much-Needed Infrastructure

Transformation at Willets Point Expected to Generate $6.1 Billion in Economic Impact Over 30 Years, Creating 1,550 Permanent and 14,200 Construction Jobs

NEW YORK – New York City Mayor Eric Adams, New York City Department of Housing Preservation and Development (HPD) Commissioner Adolfo Carrión, Jr., New York City Housing Development Corporation (HDC) President Eric Enderlin, and New York City Economic Development Corporation (NYCEDC) President & CEO Andrew Kimball today were joined by elected officials and community leaders to break ground on 880 new affordable homes in Willets Point, Queens—the first phase of the city’s largest 100 percent affordable housing development in 40 years. In partnership with the Queens Development Group (QDG), a joint venture formed by Related Companies and Sterling Equities, the groundbreaking marks the start of construction—more than one year ahead of schedule—for a project that will deliver the first of more than 2,500 affordable homes, roughly 35,000 square feet of new public open space, and significant infrastructure upgrades. The project is projected to generate $6.1 billion in economic impact over the next 30 years, creating 1,550 permanent jobs and 14,200 construction jobs.

Read the full Mayoral Press Release.