The next residential development slated for the Long Island City waterfront will feature nearly 70 percent affordable units, in HPD’s first deployment of the Adams-era mixed-income financing push. (Another building known as Orion Sunnyside already exists in Queens at 43-46 39th Place, also featuring affordable units available on Housing Connect.) The newly announced development marks the city’s first use of HPD’s Mixed Income Market Initiative, a framework intended to leverage market-rate units to finance affordable units. “We want to make sure we are focusing our investments in areas where there’s not already tons of affordable housing developments,” HPD First Deputy Commissioner Adam Phillips said. What we’re thinking about: Is the Mamdani administration on pace to build 200,000 new affordable units over the next decade?