By: David Winzelberg April 30, 2019
Suffolk County is providing $1.8 million towards two affordable housing developments on the East End.
The projects in Greenport and Amagansett will bring a total of 87 apartments that will priced below market rate to renters that meet income requirements.
Jericho-based Georgica Green Ventures is teaming up with the East Hampton Housing Authority to develop the 37-unit Gansett Meadow, which will offer 12 one-bedroom, 12 two-bedroom, 12 three-bedroom apartments and one four-bedroom apartment. The $23 million project will be constructed on a 4.63-acre property at 531 Montauk Highway owned by the housing authority.
The county will contribute more than $1.1 million to the Amagansett project, which will also get funding from New York State Homes and Community Renewal, the Community Preservation Corporation, and the Middle Income Housing Program, according to a county statement.
The second development, from Conifer Realty and Community Development Corporation of Long Island, is the 50-unit Vineyard View, which will be built on 17 acres just outside the Village of Greenport. The $22 million project will bring a mix of one-, two-, and three-bedroom apartments in seven two-story buildings, half of which will be restricted to renters earning up to 50 percent of the area median income and the other half for renters earning up to 60 percent of the AMI.
The county will contribute $700,000 towards the Greenport development, which will also get funding from the Town of Southold, NYSHCR, CDCLI and the Community Development Trust, LP.