Many Kensington residents turned out for a meeting with local officials Thursday night to discuss ways to turn an unfinished condominium into affordable housing.

?I hope it will be a mixed income with a focus on lower income because there?s an affordable housing crisis in New York City,? says Megan Miller.

The construction on the condo stopped nearly a year ago when the owner of the building became mired in financial troubles. Corus Bank is now moving to foreclose on the property.

Officials who attended the Thursday meeting said it will be up to the bank to find another developer once the process of foreclosure is complete. Neighbors hope the New York City Housing Development Corporation will help finance the affordable housing project.