More than 900 apply for 45 affordable apartments at Peconic Crossing in Riverhead

The Community Development Corp. of Long Island and Conifer Realty LLC held a lottery to pick the tenants for the Peconic Crossing mixed-use apartment building that’s set to be finished in July. Officials said they received more than 900 applications for 45 units by the May 25 deadline. To qualify, applicants needed to make from 50 to 90 percent of the area’s median income, or, for two people, up to $76,160. The rents range from $976 for a one-bedroom up to $1,562 for a two bedroom. [Riverhead News-Review]