Tags Posts tagged with "347 Building Company LLC."

347 Building Company LLC.

by -
0 816
Susan Baldridge, center, shown here with her daughter Felicia and brother Michael, was one of the winners in Smithtown’s housing lottery. Photo by Susan Risoli

There were applause and cheers at the Town of Smithtown’s March 11 affordable housing lottery for seven new homes located at Country Pointe Woods at Smithtown.

LIHP executive vice president James Britz and LIHP executive assistant Linda Mathews draw names for Smithtown’s March 11 housing lottery. Photo by Susan Risoli

Sixty people applied for the chance to qualify to purchase the owner-occupied, one- and two-bedroom units located on Route 111. The average projected purchase price is estimated to be $350,100. Twenty-one people attended the lottery, which was offered by the town together with Long Island Housing Partnership and 347 Building Company LLC.

The drawing of names was held at town hall. Applicants did not have to be present to be considered, and their housing applications were ranked and will be processed in the order in which their names were drawn.

Smithtown adopted a Municipal Workforce Housing Policy in October 2017, in accordance with New York State’s Long Island Workforce Housing Act. The policy requires developers who build subdivisions of five or more units to create 10 percent of the development for affordable housing.

To be eligible to participate in the affordable housing lottery program, an applicant must be a first-time homebuyer and must meet all program requirements including a total household income not to exceed 130 percent of the area median income for Nassau and Suffolk counties. Applicants must have an acceptable credit history as defined by the program’s guidelines.

At the March 11 lottery drawing, LIHP executive vice president James Britz said housing lotteries help people who otherwise might not be able to afford to live in Suffolk County and specifically in the Town of Smithtown. Attracting these people to live and work in the area “is a critical component in helping municipalities continue to grow,” he said. Those who apply for the Town of Smithtown housing lottery are “a very good combination of different age groups and generations,” Britz said.

Susan Baldridge, 44, was No. 10 in the drawing, and she proudly proclaimed herself “Smithtown born and raised.” Baldridge currently is renting a place in Smithtown. She is a single mother with two daughters and said the opportunity to own a home in the town she loves “seems like fate.” The mother brought her brother Michael — “my good luck charm” — to the drawing, as well as her daughter Felicia.

People that benefit from affordable housing lotteries, said Town of Smithtown supervisor Ed Wehrheim (R), are young people who grew up on Long Island but can’t afford to live here.

“This is a very expensive place to live,” he said, adding he believes affordable housing “can work to keep our talented young people. It’s been proven to work in other municipalities.”

The town’s next housing lottery will be held March 26 at 10 a.m. at town hall. Applications must be submitted no later than 5 p.m. March 22. The housing to be offered will be three one-bedroom rental units and one two-bedroom rental unit at the 36-unit Hudson Place at Kings Park development.

Social

9,458FansLike
0FollowersFollow
1,149FollowersFollow
33SubscribersSubscribe