Affordable housing lottery set for December at latest units in Wyandanch Rising project
A lottery will be held for 123 apartments in a new building, seen here on Monday, that is part of the Wyandanch Rising redevelopment. in Wyandanch. Credit: Howard Simmons
A lottery is being held for the latest apartment building in the Wyandanch Rising redevelopment.
The Centereach-based nonprofit Community Development Corporation of Long Island Inc. is partnering with Albanese Organization Inc. of Garden City for a lottery at 1 Washington Ave. The 123 apartments are part of Wyandanch Village, a component of Babylon Town’s $500 million public-private revitalization effort that has been in progress for 17 years.
As with the first two completed apartment buildings, developer Albanese received a tax incentive from the town IDA on the building, known as Building E, and will be paying $10.6 million while saving $15.5 million over 40 years. Through a spokeswoman, Albanese declined to provide a date of when the building will be completed but said that the move-in date for tenants will be in February.
The building consists of studios and one- and two-bedroom apartments. The units are available to those earning 50, 60, 90, 100 and 110% of the Area Median Income. For a two-person family, 50% of the AMI tops out at $49,600 and at 110% goes up to $109,120. Monthly rents for a one-bedroom unit range from $1,012 to $1,674. For 19 units, preference will be given to veterans, according to a news release, and units also are available for the mobility-, hearing- and vision-impaired.
“We continue to be extremely pleased at the evolution of the Wyandanch Village development, and 1 Washington Avenue will help us keep up with the continuing demand for affordable rental housing,” Albanese chairman Russell Albanese said in a statement.
Lottery applications are available at cdcli.org, or they can be emailed to BuildingE@cdcli.org. For more information, call 631-471-1215 ext. 222.
Completed applications must be received by the Community Development Corporation by 5 p.m. on Dec. 16.
Albanese Organization chairman Russell C. Albanese said the 1 Washington Ave. apartment building "will help us keep up with the continuing demand for affordable rental housing." Credit: Patrick E. McCarthy
The lottery will be held on Dec. 20 at 10 a.m. at the Wyandanch-Wheatley Heights Ambulance Corp., 295 Merritt Ave. in Wyandanch.
Denise Bonilla has worked at Newsday since 2003 and covers the Town of Babylon, including the villages of Lindenhurst and Amityville.
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