Suffolk IDA approves policy offering bigger tax breaks for affordable housing developers
Suffolk IDA board members voted unanimously to approve a policy offering “enhanced benefits.”
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Oct 27, 2023, 10:05 AM
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Updated 273 days ago
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9ds agoOfficials 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.