Suffolk IDA approves policy offering bigger tax breaks for affordable housing developers
Officials say bigger tax breaks are on the way for developers in Suffolk County that create affordable housing.
Suffolk IDA board members voted unanimously to approve a policy offering “enhanced benefits.”
Those will go to projects that set aside more than 10% of units at reduced rates.
It also applies to developers that reserve units for veterans and people with disabilities.
The benefits will be decided on a case-by-case basis.