Lottery applications for Gleneagle Green, the affordable-housing apartment complex on Atlantic Avenue in Bellport, may emerge as early as this December or January, said D & F Development Group principal and developer Peter Florey, who is overseeing the project.
“We’re going to make them available through the Greater Bellport East Hagerman Alliance, some of the local churches, through Brookhaven Town, councilman LoGuercio’s office,” Florey said. “Also the Boys & Girls Club of the Bellport Area, if they’re interested in disseminating the information, and of course, online for those with the ability.”
Florey said the big qualifier is income; the range is $35,000 to $75,000 in annual income. “We also look at credit history,” he said.
The nine-building, two-story complex is providing 70 units, a community center, a structured playground, sitting areas and landscaping on 9 acres. It will be gated. A super will be hired for the premises.
The project is under Bellport Residences LLC; LPD Management under D & F Development Group, will manage the property.
Florey said despite COVID, the project has run smoothly.
“We’ve had no significant delays or cost overruns,” he said. “Everything so far has gone very well. We’re putting in a new sewage treatment plant and we’re almost done with that process. We had bought out a lot of the materials before we started well over a year ago before lumber prices and other material costs escalated. We did experience some increases and had to absorb that. But so far, we were okay because we were considered essential during the shutdown. And we closed on the project in May of 2020.”
Seventy families would benefit—about 200 people, Florey said.
Florey said the project was awarded $1,530,000 from Suffolk County Economic Development.
“The reason that funding is important is we’re subsidizing the equity,” Florey explained. “The funding brings down the debt, which allows you to charge lower rent. It’s a one-time subsidy.”
Greater Bellport Coalition chair John Rogers said the community is satisfied that everything they asked for in the project was accommodated.
“He built nice apartments and they’ll be priced at rents that people in the neighborhood can afford that is the median income in the area, not the county median income—that was the biggest request,” Rogers said. “And he got people hired for jobs there and aesthetically, the units are beautiful.”
Rogers said the coalition meets with Florey every few months; the last gathering with the developer was in August.
“We have monthly meetings with the coalition to discuss what openings are available at that site, how many there are, and we have a list of residents interested in work,” Rogers said. “Now things are kind of wrapping up.”
Fred Combs, executive director at BHEP and interim chief executive officer at the Boys & Girls Club of the Bellport Area, said community interest is high.
“To me, the rents are pretty affordable and we’re getting calls every day asking, ‘When are applications coming out for the housing?’” Combs told the Advance. “In my last conversation with [Peter Florey], he said they’d be at BHEP. I let him know those who don’t have computers can come to BHEP. We have several.” Combs added there will be a credit check.”