Prospective Renters for Summerwind Square Must Submit Applications by May 1 Deadline
Hauppauge, NY – April 2, 2013 – (RealEstateRama) — County Executive Steve Bellone today announced that the County is extending the deadline to apply for 52 new affordable rental apartments located in the new Summerwind Square development in downtown Riverhead until May 1, 2013.
“These apartments offer renters a vibrant lifestyle in a riverfront walkable community at an affordable cost,” said Bellone. “Providing additional housing options for our local workforce is critical to continue the revitalization of this up and coming downtown.”
Summerwind, the four-story residential/commercial building under construction on Peconic Avenue, will house a Bridgehampton National Bank financial services center on the first floor, restaurants and several stories of affordable housing. The apartments offered are efficiency, one-bedroom and two-bedroom rental units. Under the covenants of the development, the apartments will remain affordable in perpetuity.
The units will be affordable to households earning up to 120% of the area median income, with half of the units being affordable to households earning up to 80% of the area median income. Rents based on 2010 projects are expected to be as follows:
Up to 80% AMI: Efficiency Unit / Rent: $905 & One Bedroom/ Rent: $1042
Up to 100% AMI: Efficiency Unit / $1137 & One Bedroom / $1310
Up to 120% AMI: Two Bedroom / $1559
The Long Island Housing Partnership will screen applicants and conduct a lottery to determine occupants. The application and comprehensive details of the eligibility criteria, income guidelines, and other elements of the program are available by calling the Long Island Housing Partnership at 631-435-4710. The application can also be downloaded from the Suffolk County Website homepage: www.suffolkcountyny.gov
“In Suffolk, housing is an ongoing challenge, one we are committed to conquering. Summerwind is designed to provide the kind of housing that allows people to work, live, shop and find entertainment within walking distance of their homes. Summerwind is a defining moment for Riverhead and will contribute to its re-emergence as one of Suffolk’s finest historic downtowns. People are going to love living there,” said Bellone.
