Judge: North Castle can deny developer request to transfer affordable housing units

TRD New York /
Sep.September 21, 2017 03:05 PM

A New York State Supreme Court judge ruled this week that the town of North Castle acted legally when it denied a request from developer Michael Fareri to transfer affordable housing units from one property to another. In 2015, the town approved Fareri’s plan to build luxury apartments at 162 Bedford Road if six of the 36 units were offered as affordable housing, but in March, Fareri proposed moving those affordable units to another development at 470 Main Street. The developer contended that he would lose $1.8 million if forced to include the affordable units at the high-end Lumberyard project on Bedford Road. [WestFair]


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