News: Long Island

CDCLI breaks ground on new affordable home in North Amityville

Shown (from left) are: L. Von Kuren, CDCLI; Petra-Ann Younge, CDCLI; Suffolk County Executive Steve Bellone;, Marianne Garvin, CDCLI; Michael Murtha, Murtha Construction; Councilman Antonio Martinez; Councilman Thomas Donnelly; and Babylon Town Supervisor Rich Schaffer. Shown (from left) are: L. Von Kuren, CDCLI; Petra-Ann Younge, CDCLI; Suffolk County Executive Steve Bellone;, Marianne Garvin, CDCLI; Michael Murtha, Murtha Construction; Councilman Antonio Martinez; Councilman Thomas Donnelly; and Babylon Town Supervisor Rich Schaffer.
North Amityville, NY Community Development Corporation of Long Island (CDCLI) broke ground on a new affordable home. The three-bedroom, one and a half bathroom house is being constructed on a tax foreclosed lot that was donated by Suffolk County under the 72-H program.  The purchase price of the home will be subsidized by the town of Babylon, using federal HOME dollars, and by the New York State Affordable Housing Corp. The house will be energy efficient and green, fostering long-term savings and a healthy living environment. Marianne Garvin, president and CEO for CDCLI, presided over the ceremony, and was joined by key governmental partners, including Suffolk County executive Steve Bellone, Babylon town supervisor Rich Schaffer, and Babylon council members Tony Martinez and Tom Donnelly.  The builder, Mike Murtha of Murtha Construction, was also present. Garvin said that CDCLI is accepting applications for this home and two more that will be constructed in other communities. Prospective purchasers must submit an application by Dec. 31st. Applications and Program Guidelines are available at www.cdcli.org or by calling (631) 471-1215, ext. 211. “CDCLI is dedicated to the creation of additional affordable and sustainable housing throughout Long Island,” said Garvin. “Over the years, we have developed nearly 1,700 units of affordable rental housing for families and seniors, and 228 units of first-time homebuyer housing.  These initiatives provide desperately needed quality housing, provide construction jobs, and help to stabilize and revitalize communities.” “Under our 72-H program, Suffolk County is proud to partner with the Community Development Corporation of Long Island to offer the opportunity of home ownership to Suffolk County residents,” stated County Executive Steve Bellone.  “Ensuring the home’s construction incorporates green building guidelines is a win for the homeowner and a win for the environment.” Babylon Town Supervisor Rich Schaffer stated “Homeownership helps to build strong communities, and we are looking forward to more redevelopment activities such as this throughout the Town.” Suffolk County Presiding Officer DuWayne Gregory said “I am glad to support the efforts of CDC of Long Island as they seek to provide housing opportunities for families on Long Island.”  He was represented by one of his staff members.
MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.