The IDA is dedicated to enhancing public benefit. By facilitating development projects, the IDA promotes economic growth and employment for the community.
The Town of Hempstead Industrial Development Agency has given a preliminary okay to a benefits to assist Hudson Valley Property Group's purchase and renovatation of 100 Terrace Ave., a federally subsidized apartment complex in the Village of Hempstead.
PROPOSED RENTAL APARTMENT PROJECT SEEKS IDA BENEFITS: The Hempstead Industrial Development Agency has given a preliminary okay to the modifcation of benefits for Main Street Hempstead Apartments LLC in Downtown Hempstead, proposed by lifelong village resident Rashid Walker.
2024 was a pivotal year for the Hempstead IDA as the changing market led to the agency’s focusing assistance on projects that address the rental housing shortage in the Town. 6 out of 8 projects closed during 2024 were residential, while the other 2 were offices and warehouses.
HEMPSTEAD IDA GIVES OK FOR 55+ APARTMENTS-The Hempstead Industrial Development Agency (IDA) granted a preliminary OK to incentives for SDL Bellmore LLC, which is replacing the former Temple Beth El Jewish Center in N. Bellmore with 28 apartments for seniors.