Affordable housing developer Georgica Green Ventures and the East Hampton Housing Authority partnered on the $34 million complex made up of five two-story buildings.
Rents are designed to take up no more than 30% of tenants’ income in accordance with federal guidelines. Earlier this year, a report from the state comptroller’s office showed more than half of Long Island renters pay more than that portion of their incomes toward rent.
“We try and make the best case we can that if we improve the quality of affordable housing, more towns and communities will be more receptive to it,” said David Gallo, co-founder and president of Jericho-based Georgica Green Ventures.
