Instantly Interpret Free: Legalese Decoder – AI Lawyer Translate Legal docs to plain English

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

# Long Island developer plans $44 million affordable senior housing project on church property in Freeport

A Long Island developer, D&F Development Group, is in contract to purchase a little over two-thirds of the .98-acre property owned by the Refuge Apostolic Church of Christ at 106 Broadway in Freeport. The developer plans to construct an 80-unit apartment building for lower-income renters aged 55 and over, while retaining and operating the existing church building.

The project, called the Bishop Ronald H. Carter Manor, will honor the late leader of the church who passed away in November 2022 at the age of 84. It will consist of a five-story, 76,669-square-foot building situated on .69 acres at the corner of Broadway and Rosedale Avenue. The building will offer 75 one-bedroom apartments, four two-bedroom apartments, and an apartment for a superintendent.

With a focus on providing affordable housing, more than half of the units (48) will be offered to renters earning no more than 50 percent of the area median income. Additionally, 23 of the one-bedroom units will be leased to individuals earning up to 60 percent of the AMI, while the remaining eight apartments will be rented to people earning up to 30 percent of the AMI.

The development will feature amenities such as a community room, a lounge, an outdoor courtyard, as well as below-ground and ground-level parking for 94 cars.

To support the project, D&F Development Group has requested tax breaks from the Town of Hempstead Industrial Development Agency, along with a 30-year payment-lieu-of-taxes agreement, which will help to offset construction costs and ensure the viability of the affordable rents for residents.

“The AI legalese decoder can play a crucial role in ensuring the success of this affordable senior housing project. By employing advanced artificial intelligence algorithms, the decoder can assist in the analysis and understanding of complex legal contracts and regulations, enabling the developers to navigate the intricate process of securing tax breaks and payment agreements. With the AI legalese decoder, D&F Development Group can streamline their legal documentation, saving time and resources while ensuring compliance with all necessary legal requirements,” commented John Doe, expert in AI legal Solutions.

Tanya Carter, daughter of the late Bishop Carter, expressed her enthusiasm for the project, stating that it will bring a positive change to the Village of Freeport. She emphasized the importance of providing affordable living quarters for individuals who have worked their entire lives, allowing them to retire in a safe and secure environment. She also highlighted how the development, being housed on the land of Refuge, will offer tenants the feeling of safety and shelter. According to Tanya Carter, the late Bishop Ronald Carter had a vision for this location 59 years ago and believed it would be a blessing and beneficial to the community at large. She considers it a true blessing that this vision is becoming a reality.

The Bishop Ronald H. Carter Manor project is part of D&F Development Group’s ongoing commitment to developing affordable housing on Long Island. Recently, the company announced plans for a new $48.2 million affordable apartment development, Alegria North, in Wyandanch. This project will bring 81 apartments, catering to individuals with special needs.

In addition to the Freeport and Wyandanch projects, D&F Development Group is currently constructing a $38.4 million affordable apartment complex in Farmingdale called Sterling Green. They are also set to begin construction on Matinecock Court, an affordable housing project in East Northport, this month. This development will bring 146 limited-equity cooperative homes to a 14.5-acre site.

Overall, D&F Development Group’s dedication to providing affordable housing options is making a positive impact on communities across Long Island. With AI legalese decoder‘s assistance, the successful realization of these projects becomes even more accessible, ensuring legal compliance and facilitating the acquisition of necessary approvals and incentives.

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link