Five Major Housing Developments to Address Housing Shortage and Support Working Families
Projects Will Leverage $467 Million in Total Investment to Deliver Workforce, Affordable, and Transit-Oriented Housing
Governor Kathy Hochul today announced more than $26 million in awards through the Long Island Investment Fund (LIIF) to further the state's efforts to increase the housing supply. The funding will support five transformative housing projects across Nassau and Suffolk counties, creating nearly 750 new housing units. The projects, representing a total investment of $467 million, will help address Long Island's housing shortage while providing affordable and workforce housing options for families, veterans, and individuals with disabilities.
“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,” Governor Hochul said. “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.”
Empire State Development President, CEO and Commissioner Hope Knight said, “These investments are more than housing — they’re catalysts for economic growth. By creating homes for Long Island’s diverse workforce across Nassau and Suffolk counties, we’re fueling local businesses, strengthening downtowns, and building vibrant, walkable neighborhoods that support community connections.”
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Under Governor Hochul’s leadership, these Long Island Investment Fund awards are a game-changer for addressing our State's housing crisis. By supporting nearly 750 new homes across Nassau and Suffolk counties, including affordable and workforce housing, we’re creating opportunities for families, veterans, and individuals with disabilities to thrive in vibrant, transit-oriented communities. These projects are a critical step toward building a more equitable and accessible Long Island.”
Empire State Development Board Chairman Kevin Law said, “The Long Island Investment Fund is proving to be a powerful tool for addressing our region's most pressing challenges. 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.”