Housing Overview

Policy Issues

Housing

Housing Overview

Housing on Long Island

Long Island housing market has taken a big hit from the economy downturn and the burst of the housing bubble. While housing prices on Long Island fell sharply after the housing bubble burst, they are still too high for many people to buy new houses here. Long Island is among the 10 least affordable places to lice in the United States. Many home owners who bought house with an adjustable mortgage rate are now facing foreclosures.

The increases in school taxes have forced many seniors out of their houses and out of Long Island. These taxes are also keeping middle class families from being able to buy houses on Long Island. Nassau County has reported an increase in their homeless rate and families who earn $50,000 a year are now homeless. As contractors stop building and homeowners stop renovating Long Island loses more and more construction jobs.

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Housing News

County Executive Steve Levy Highlights Help for First-Time Homebuyers with Down Payment Assistance Program - June 25, 2010

Hopeful first-time home buyers in Suffolk may be eligible for as much as $14,000 in down payment assistance from Suffolk County through a $1 million program that helps buyers clear that last hurdle towards homeownership.

Suffolk County Executive Steve Levy Allocates $3.5 Million for Workforce Housing in Riverhead and Bay Shore - June 22, 2010

Suffolk County Executive Steve Levy today announced the approval of the acquisition of land for two innovative revitalization developments that will bring residents back into downtown Riverhead and Bay Shore.

Suffolk County Executive Steve Levy Allocates $3.75 Million for Creation of New Village in Patchogue - June 8, 2010

The continued revitalization of downtown Patchogue received a further boost today as Suffolk County Executive Steve Levy announced approval of the county’s acquisition of properties as part of the proposed “New Village” development.

NYS Affordable Housing Corporation Approves $1.3 Million Grant to Build 40 Affordable Homes in Suffolk County - April 8, 2010

The board of the New York State Affordable Housing Corporation (AHC) today approved a $1.3 million grant to the Nassau-Suffolk Partnership Housing Development Fund Company, Inc. to help build 40 new affordable homes in Suffolk County.

Suffolk County Executive Steve Levy Seeks to Provides One Dozen Properties for Affordable Homes in Brookhaven Town - March 1, 2010

Despite an ongoing recession and a record number of home foreclosures across the country, County Executive Steve Levy is continuing in his efforts to provide affordable housing opportunities for Suffolk residents.

Suffolk County Executive Steve Levy Proposes 16 Workforce Residences in Farmhouse Setting - August 4, 2009

Suffolk County Executive Steve Levy has proposed the county acquisition of a 2.6-acre parcel of land in the Town of Southampton which would host 16 farmhouse-style workforce residences. The proposed Sandy Hollow Cove in Tuckahoe would be constructed to reflect Tuckahoe’s rural character – with four farmhouse buildings, each hosting four two-bedroom residences, on the east side of Sandy Hollow Road.

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