ellen.yan@newsday.com" />
TODAY'S PAPER
62° Good Evening
62° Good Evening
Business

$2M for homes on Island

Money

Money Photo Credit: iStock

The New York State Affordable Housing Corp. on Thursday announced more than $2 million in funding for two Long Island housing nonprofits as part of $18.4 million doled out statewide for foreclosure prevention and affordable homes.
 
The Community Development Corp. of Long Island will get $1 million to renovate 167 properties as affordable homes and also another $550,000 to build 16 condos in the hamlet of Tuckahoe in Southampton Town.

The Long Island Housing Services will get $600,283 for its subprime foreclosure prevention program, which offers education, counseling and legal services for subprime borrowers.
 
“These projects will create workforce housing on Long Island, preserve senior housing upstate, help businesses succeed and create jobs, and assist people at risk of foreclosure,” said Brian Lawlor, commissioner of the state Division of Housing and Community Renewal.

“Affordable housing and economic development go hand-in-hand. By investing in communities and increasing access to quality housing that senior citizens, families, and young people can afford, New York’s housing agencies are working to strengthen neighborhoods, families, and businesses across the state.”

--------------------
Read more of Inside Long Island Business

 

Comments

We're revamping our Comments section. Learn more and share your input.

More news