Construction has begun on One Carleton Green, a 96-unit affordable housing project in the Town of Islip, Suffolk County. The $65 million development is aimed at revitalizing former industrial lots and increasing affordable housing opportunities on Long Island. The initiative is part of Governor Kathy Hochul’s five-year, $25 billion Housing Plan, which aims to create or preserve 100,000 affordable units across New York State.
“Long Island is one of the places hit hardest by the ongoing housing crisis. I am committed to increasing the housing supply and making New York the number one state to raise a family with affordable housing projects like One Carleton Green,” Governor Hochul said. “We are continuing the necessary work to secure Long Island’s future by partnering with public and private entities to provide safe, stable and affordable housing for New York’s families.”
The new development will include supportive housing for 15 residents, with services provided by Family Residences and Essential Enterprises, Inc., through the Office for People With Developmental Disabilities. The apartments will be accessible for people with mobility impairments as well as hearing and visual impairments. Units are available for residents earning up to 50 percent of the Area Median Income (AMI), while other units will serve households making between 30 and 100 percent of AMI.
One Carleton Green was included in Islip’s Downtown Revitalization Initiative award. The project transforms properties that were once used as a rail station and municipal parking lot into a three-story building featuring first-floor retail space and two public plazas. Its location near the Central Islip Long Island Rail Road station provides transportation access.
The building will be all-electric, offering amenities such as ample parking, laundry rooms on each floor, and electric vehicle charging stations. Residents will pay utilities via an allowance system.
Georgica Green Ventures LLC is developing One Carleton Green in partnership with Homes and Community Renewal (HCR). Previous collaborations between these organizations include another affordable campus currently nearing completion outside Patchogue in Suffolk County.
Funding sources for One Carleton Green include $24.5 million from federal Low-Income Housing Tax Credits; $5.2 million from New York State Low-Income Housing Tax Credits; $4.1 million from the Low-Income Housing Trust Fund; $1.2 million from the Rural and Urban Community Investment Fund; $6.4 million from the Middle Income Housing Program; $3.8 million from Empire State Development’s Long Island Investment Fund; $1.7 million through the State Department of State’s Downtown Revitalization Initiative; over $2.7 million from Suffolk County Acquisition; and $750,000 from Suffolk Opportunities for Affordable Rentals.
New York Secretary of State Walter T. Mosley said, “One Carleton Green will serve as a catalyst for community and economic growth. Supported by the Downtown Revitalization Initiative this project will create affordable homes and bring families together making Islip a more vibrant place to live, work, and play. The Department of State is proud to play a role in Governor Hochul’s comprehensive and inclusive plan to bring more housing to New York State.”
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “One Carleton Green is emblematic of HCR’s goals – revitalizing communities, while creating affordable, safe housing located near where people work. These 96 units that will be built in Islip represent Governor Hochul’s transformational mission – to address housing needs while eliminating neighborhood blight. We thank our frequent development partner on Long Island, Georgica Green Ventures, as well as Suffolk County Executive Ed Romaine, Town of Islip Supervisor Angie Carpenter and the other local and state entities involved for making this project possible.”
New York State Office for People With Developmental Disabilities Commissioner Willow Baer said, “Safe and affordable housing should be accessible to all New Yorkers, including those living with developmental disabilities. OPWDD is grateful for Governor Hochul’s continued investments in projects like this, which will ensure that people with developmental disabilities can continue to live successfully and independently in their communities. Thanks to the incredible work of our partners at Family Residences and Essential Enterprises, Inc., these units represent freedom of choice and self-reliance for the people who will call them their home.”
Empire State Development President Hope Knight highlighted that investments like this help Long Islanders establish roots: “We are proud to support investments that give Long Islanders a real chance to put down roots… By creating affordable homes close to jobs… we are strengthening local businesses… ensuring that Suffolk County remains a place where families… can thrive.”
Other leaders including Empire State Development Board Chairman Kevin Law emphasized supporting working families’ ability to live locally through investments in affordable homes.
The project has received support from local officials including LIREDC Co-Chairs Linda Armyn (FourLeaf Federal Credit Union) & Dr Kimberly R Cline (Long Island University), Senator Chuck Schumer—who noted federal tax credits have contributed over $24 million—and Senator Kirsten Gillibrand who called it critical for New York families’ stability.
Governor Hochul’s broader agenda includes measures secured under recent enacted budgets such as increased funding ($1.5 billion) toward statewide housing initiatives like rental assistance programs plus policies intended both for tenants’ affordability improvements & homebuyers’ support.
Over 65,000 homes have been created or preserved so far under her administration’s current five-year plan targeting both general affordability needs & vulnerable populations requiring supportive services.
The Pro-Housing Community Program—strengthened under recent budgets—now certifies over 350 localities including Islip which allows access up to $750 million discretionary state funds dedicated exclusively toward pro-housing certified areas.
