Luxury Senior Housing Plan Wins Tax Breaks

A proposal to build luxury rental housing for seniors in Commack was awarded tax breaks last week by the Suffolk County Industrial Development Agency, Newsday reported.

B2K Development wants to put 86 townhouses on a 7.2-acre vacant lot opposite the Hamlet Golf & Country Club.  Rents would start at $4,150 for 74 of the units, with six units going for $2,600 as affordable housing, and $3,950 for workforce housing, Newsday said.

The IDA board  gave preliminary approval for $7.1 million in tax breaks total: $4.9 million off property taxes over 15 years and a sales-tax exemption worth  up to $1.8 million for construction materials, equipment and furnishings, Newsday said.

B2K said it would donate $400,000 to Huntington Town’s Affordable Housing Trust and Agency Fund instead of building more affordable units.

The project is called Sutton Landing at Commack.


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