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One of these, Gansett Meadow will be located in Amagansett, and the second project, Vineyard View, will be located in Greenport, said Suffolk County Executive Steve Bellone in the announcement.
The Gansett Meadow development will be less than half a mile away for the Long Island Rail Road station.
The project will include 37 units, 36 of which will be affordable to residents. The unit mix will include 1 Bedroom, 2 Bedroom, 3 Bedroom, and 4 Bedroom apartments.
The co-developers for the project are Georgica Green Ventures, LLC and the East Hampton Housing Authority.
The project is expected to cost approximately $23 million, and the County will contribute over $1.1 million.
Additional funding sources include New York State Homes and Community Renewal, the Community Preservation Corporation, and the Middle Income Housing Program.
The second development, Vineyard View, will be located just a little over one mile from the Greenport Train Station. There will be a total of 50 affordable units comprising of 1, 2, and 3 bedrooms.
Fifty percent of the units will be affordable in perpetuity, which will be mixed throughout the development, with 7 one-bedroom units, 14 two-bedroom units, and 7 three-bedroom units being restricted at 80% AMI.
The 17-acre site will consist of 7 two-story residential buildings and one community facility building.
The project is expected to cost approximately $22 million, and the County will contribute $700,000.
Additional funding sources include the Town of Southold, New York State Homes, and Community Renewal, Community Development Corporation of Long Island and the Community Development Trust, LP.
The development team consists of Conifer Realty, LLC and Community Development Corporation of Long Island said the announcement.
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