Avalon Great Neck Holds Lottery Drawing for 20 Workforce Housing Units

The lottery drawing for the 20 designated workforce housing units, a mixture of one-, two- and three-bedroom apartments in the new Avalon Great Neck rental community overlooking Manhasset Bay, was recently held at the Village of Great Neck’s village hall. There were 89 applications for the 20 workforce apartments. Island-wide buzz about the bay-front Avalon Great Neck luxury community and starting rental prices for the workforce units at $1,593 were major factors in why applications reached almost 450% over available units. Overseeing the lottery program has been the Long Island Housing Partnership (LIHP), whose representatives were on hand to conduct the actual lottery drawing.

“It’s no secret that there is growing demand for quality multifamily housing on Long Island as millennials come of housing age and baby boomers get further into retirement. The creation of multifamily communities like Avalon Great Neck not only expand residential lifestyle choices but also provides additional price points below the single-family home market. Offering workforce housing options to deserving residents represents a cornerstone of AvalonBay communities throughout Long Island,” said Christopher Capece, AvalonBay Senior Development Director. “It is important that Long Island offer quality housing for people at all income levels. Making these workforce housing units available in AvalonBay communities is one way we can contribute to a more affordable and sustainable Long Island.”

The lottery drawing randomly assigned each application a number from 1-89. LIHP will now evaluate the first 20 drawn applications to determine final qualification based on specific household income criteria. If all of the first 20 drawn application qualify, they will be offered units in the Avalon Great Neck community. If any of the applicants does not qualify or if one of the first 20 qualifying applicants turns down the offer, LIHP will continue down the list until all 20 apartments have been awarded and accepted. In the ensuing years, if one of the workforce housing units becomes available, the next applicant, in order on the original list of 89, will be vetted, and if qualified, offered the available unit.

On hand for the drawing were over 35 of the 89 applicants. In addition to Capece, AvalonBay representatives included Tara Bernhardt, Valerie Jurgens and Lindsey Craft. LIHP officials at the drawing were James Britz and Joe Gallo.

The Avalon Great Neck community sits on the former site of a petroleum storage facility that had been inactive for decades. Significant sections of the site had become contaminated and the abandoned oil tanks had become an eye-sore for the village. At no cost to taxpayers, the land seller, Commander Oil, and AvalonBay carried out a multi-million dollar environmental clean-up. The transformation of the site has been dramatic. According to Capece, “Avalon Great Neck is the most dynamically designed AvalonBay community on Long Island. With landscaped courtyards with an outdoor cucina, expansive Manhasset Bay views, heated infinity pool, fitness center, resident lounge with entertainment kitchen and game room, Avalon Great Neck residents will experience unparalleled luxury and convenience. Our goal was to create a rental community that set a standard for all future luxury rental communities on Long Island and we believe we’ve met that mark.”

Move-in of first residents is scheduled for May, 2017. Full build-out and completion of construction is anticipated in fall 2017.

For more information on AvalonBay Great Neck, visit www.avalongreatneck.com, or call 866-932-2534.