
A rendering of the Peconic Crossing project planned for West Main Street. (Courtesy)
A five-story affordable housing project planned for along the Peconic River in downtown Riverhead has received $5.49 million in grants from New York State.
“This is huge; I can’t underscore that enough,” explained Marianne Garvin, the president and chief executive officer of the nonprofit Community Development Corporation of Long Island, which is teaming up on the West Main Street project with a Rochester-based, for-profit developer called Conifer Realty. “Without the financing, you can have a concept and a dream and an aspiration, but you don’t have the project being built.
“This gives us the financing and the ability to actually build what we’re dreaming about building.” (more…)