The apartments at Sterling Green, at 900 Fulton St.-Route 109, will all be income-restricted and affordable based on federal guidelines. The units will rent from $1,294 for a one-bedroom to $2,521 for a two-bedroom, and tenant incomes will range from 50% to 80% of area median income.
Peter Florey, principal of D&F Development Group in Levittown, said his firm began working with the village about four years ago to create the new apartments. He said it’s possible to provide solely affordable units through a mix of tax credit financing and low-interest loans.
“Whenever I have skeptics, or people who are concerned about what this will represent or what this will look like, I invite those skeptics for a tour of our communities,” Florey said. “I ask them, ‘Does this look any different from a market-rate development?’ and most will say no.”
