Peconic Crossing is managed by Conifer Realty, LLC.
Peconic Crossing features 45 affordable apartments with a preference for artists where they can Create- Collaborate – Live!
These spacious, bright, 1- and 2-bedroom apartment homes, are located in the heart of downtown Riverhead, Suffolk County, home to East End Arts, offering residents the convenience of location and beautiful space to live and create. Amenities include a Great Room with an incredible rooftop terrace and waterfront views, fitness and laundry centers, and off-street parking.
Peconic Crossing offers an expansive Gallery space on the Main Street level which is available for residents and local artists to showcase their talents. The community space is managed by East End Arts.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | From $1,443 To $2,598 |
Two Bedroom (2/1) | - | From $1,732 To $3,118 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Riverhead but actual income limits may differ for units at Peconic Crossing.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $53,900 | $61,600 | $69,300 | $76,950 |
Low Income (60%) | $64,680 | $73,920 | $83,160 | $92,340 |
Day | Hours |
---|---|
Monday | 9:00am-4:00pm |
Wednesday | 9:00am-4:00pm |
Friday | 9:00am-4:00pm |
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.