$26.3M from state boosts Long Island housing projects

Five planned multifamily housing developments on Long Island have been awarded a total of $26.3 million through the state’s Long Island Investment Fund. 

The five projects will create a total of 748 housing units, with 346 of the units designated as affordable or workforce housing. The developments represent a combined investment of $467 million, according to a statement from Gov. Kathy Hochul’s office. 

“By investing in these five significant projects, we are building the homes Long Island families need and deserve — affordable, accessible and close to jobs and transit,” Hochul said in the statement. “My administration is committed to ensuring every New Yorker has a safe, affordable place to live, and the Long Island Investment Fund is helping us deliver on that promise.” 

The grants include $6 million for the 215-unit transit-oriented development called The Grand at Baldwin. The $121 million project from the Breslin Organization is being built across from the Baldwin Long Island Rail Road station. 

Manhattan-based NRP Group was awarded $4 million for its 79-unit workforce housing development on Montauk Highway in Southampton. The $54 million project called The Preserve at South Country Road, which has six two-story residential buildings with a clubhouse and recreational amenities, includes specialized units for veterans and individuals with disabilities. 

Levittown-based D&F Development Group will get $4.5 million for its 96-unit affordable housing project in Bellport called Alegria South. The $53 million development on 7 acres includes specialized units for individuals with developmental disabilities and veterans. 

One Carleton Green, a 96-unit affordable development in Central Islip was awarded $3.8 million. The $62 million project creates the affordable apartments in a three-story mixed-use building.  

The largest grant, $8 million, was awarded to the Nord Development Group for its 262-unit Carriage House project in Patchogue. The $177 million mixed-use development brings two five-story buildings to a 4-acre site in downtown Patchogue and includes 53 affordable apartments.  

Joseph Rossi, a Nord Development Group principal, said the state’s grant is specifically for infrastructure. 

“We’ve been in the highest inflation period we’ve seen in decades coupled with the highest interest rate environment we’ve seen in a long time,” Rossi told LIBN. “Institutional-level multifamily development construction starts around the country are down substantially as a result and without the state’s help, as well as the Town of Brookhaven IDA’s assistance, this project would not have been economically viable.” 

The awards are part of the $350 million Long Island Investment Fund, created to drive economic growth and address critical needs across Nassau and Suffolk counties, according to the statement. Administered by Empire State Development in partnership with the Long Island Regional Economic Development Council, the fund supports “transformative projects that create jobs, strengthen communities, and drive regional growth, with a particular emphasis on housing development to address Long Island’s housing shortage.” The competitive grants ranging from $2 million to $20 million are awarded to projects that leverage private investment and demonstrate lasting community impact, according to the statement. 

“The Long Island Investment Fund is proving to be a powerful tool for addressing our region’s most pressing challenges,” Kevin Law, Empire State Development board chairman, said in the statement. “These housing developments represent exactly the kind of smart, targeted investments that will help ensure Long Island remains a place where the next generation can afford to live and work. By supporting both workforce and affordable housing, we’re building stronger, more inclusive communities.”