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Groundbreaking for Copiague rental project

Date: 

Tuesday, May 3, 2016

Publication: 

Long Island Business News (libn.com)

Author: 

David Winzelberg
Rendering of Copiague Commons
Rendering of Copiague Commons

Developers, business leaders and elected officials are slated to attend an official groundbreaking ceremony Thursday for a 90-residence apartment complex in Copiague.

The $33.5 million project being built by the Community Development Corporation of Long Island and Conifer Realty will add 56 one-bedroom and 34 two-bedroom apartments on the Railroad Avenue site just across from the Copiague Long Island Rail Road station.

Demolition of the blighted site was recently completed to make way for the two four-story buildings that will house the apartments that will be available to families earning up to the area median income ($106,200 for a family of four). Rents will range from $1,193 to $1,450 for the one-bedroom apartments and from $1,431 to $1,850 for the two-bedroom apartments.

Among the officials expected at the groundbreaking are Marianne Garvin, president and CEO of CDCLI; Joan Hoover, vice president of Conifer; Suffolk County Executive Steve Bellone; Babylon Town Supervisor Rich Schaffer; Suffolk County Legislator and Presiding Officer DuWayne Gregory; Sharon Fattoruso from the Copiague Chamber of Commerce; Kevin Law, president and CEO of the Long Island Association; Laura Bailey, a managing vice president of Capital One Bank; Tricia Yarger, vice president of Citi Community Capital; and Eric McClelland, president and CEO of Red Stone Equity Partners, which is helping to finance the project with $7.2 million in low-income housing tax credit equity."

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