State and local officials will join developers Wednesday for a groundbreaking ceremony to mark the start of a $33.5 million affordable housing project in East Hampton.
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas and Catherine Casey, executive director of the East Hampton Housing Authority, are among the officials expected to attend the event with David Gallo, president of Jericho-based Georgica Green Ventures, the developer for the project called Three Mile Harbor, bringing 50 affordable rental apartments to part of a 14.3-acre site on Three Mile Harbor Road.
The project, a partnership between Georgica Green and the East Hampton Housing Authority, will consist of five, two-story buildings with a mix of one-, two- and three-bedroom apartments, along with a community building for residents. The community building will include a meeting space, kitchenette, a broadband Wi-Fi hotspot available to all residents and laundry facilities, as well as a generator in the event of power outages. All residents will have access to a playground outside and community patio, also available to reserve for special occasions.
The development would be one of the only affordable rental housing options in East Hampton for people earning 30 percent to 60 percent of the area median income. The project will increase the number of affordable units that have been created by the town’s housing authority by nearly 50 percent.
In addition, five of the apartments will be adapted for renters with mobility impairments and another three units will be adapted for people with vision impairments.
Georgica Green, which specializes in affordable housing development, has built similar projects on the East End. The developer teamed up with the East Hampton Housing Authority in 2019 to develop the 37-unit Gansett Meadow, a $23 million affordable rental project built on a 4.63-acre property owned by the housing authority at 531 Montauk Highway.
Georgica Green also worked with the Southampton Housing Authority to develop the 38-unit Speonk Commons and the 28-unit Sandy Hollow Cove, two affordable rental complexes that opened in the fall of 2019 and were fully leased in just 20 days.
The Three Mile Harbor development is expected to take 18 months to complete.
Image and article originally from libn.com. Read the original article here.