Nassau County extends tax breaks to keep 230 housing units affordable

The deal will keep units at those properties affordable for another 35 years

Tri-State /
Jan.January 07, 2021 03:50 PM
Mitchel Houses in East Meadow (MItchel Houses, iStock)

Mitchel Houses in East Meadow (Mitchel Houses, iStock)

Nassau County will keep 230 rental units affordable by extending tax breaks for low-income renters for more than 30 years.

Last month’s decision by the county’s Industrial Development Agency extended property tax deals with the owners of the Mitchel Houses in East Meadow and Roslyn Plaza in Roslyn Heights, according to Newsday.

The owners of the Mitchel Houses would have converted it to market-rate later this year without an extension.

The Roslyn Plaza arrangement was extended by 17 years. Without the deal, the complex would be converted to market-rate in about 20 years, according to the reportd. [Newsday] — Dennis Lynch


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