The monthly rents have been announced for apartments being built in Wyandanch as part of a revitalization effort in that community, the latest effort in a push for affordable rentals in Suffolk County.
Wyandanch Village, two apartment buildings with retail space that are still under construction, is now accepting applications. Of the 177 apartments being built by Albanese Organization Inc., of Garden City, 121 units have been designated income restricted, or affordable housing, according to executive vice president George Aridas: 4 studios, 62 one-bedrooms, 46 two-bedrooms, and 9 three-bedrooms.
The affordable housing units require incomes that are at 50, 60 and 90 percent of the area's median incomes. According to data used by Albanese from Novogradac & Company of Manhattan, Suffolk County's median income for a family of four is $102,000. For a single person, it's $36,800.
The first building, with 91 units, will be completed later this year, Aridas said. Monthly rents for a one-bedroom apartment are estimated to range between $985 and $1,525. By comparison, one-bedrooms at another recently built complex with affordable units, Avalon Bay in Huntington Station, run from $932 for income restricted to $2,675 for current market rate units. At Wyandanch Village, two-bedroom apartments will run between $1,146 and $1,915 and three-bedrooms are from $1,319 to $2,315. The second building, with 86 units to be completed next year, will also have studios renting from $1,014 to $1,335. Each building has 17,500 square feet of retail space.
In June, Albanese announced that about 1,500 people had expressed interest in the apartments, which are being built as part of the massive Wyandanch Rising redevelopment that was launched more than a decade ago. The public-private endeavor aims to revitalize Wyandanch's downtown, centered around the LIRR station.The redevelopment plans include a new train station and parking garage, as well as a plaza with concert space, fountains and an ice-skating rink.
To apply, potential renters for the affordable units must meet minimum and maximum income and family-size requirements. They must also have a "favorable credit report," which Aridas said is not based on a specific score but determined by a risk management firm, SafeRent, which he described as "an objective third-party matrix that makes a composite of multiple variables" in determining eligibility. Anyone with a felony conviction within the past five years will not be considered, he said.
The applications are being screened by Conifer Living, a Rochester-based developer specializing in affordable housing, with assistance from the Long Island Housing Partnership. Once criteria are met, applicants will be included in a lottery that will take place in September.
LIHP president and CEO Peter Elkowitz said the apartments are a "real positive for the community." Only 20 percent of the housing stock on Long Island is rentals he said, compared with 41 to 43 percent of the housing stock in similar areas.
"We're a little behind the curve in getting affordable rentals here but it's critical to keep our young and seniors who want to downsize," he said. The deadline to apply for the affordable units is Aug. 29. For more information go to liveatwyandanchvillage.com or call 631-253-0004.