More than $26 million from the Long Island Investment Fund (LIIF) will be allocated to support five housing projects in Nassau and Suffolk counties, according to an announcement by Governor Kathy Hochul. The projects are expected to create nearly 750 new housing units, with a total investment of $467 million. These developments aim to address the ongoing housing shortage on Long Island and provide affordable and workforce housing for families, veterans, and individuals with disabilities.
Governor Hochul stated, “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. 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.”
Hope Knight, President, CEO and Commissioner of Empire State Development, commented on the broader impact of these investments: “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.”
RuthAnne Visnauskas, Commissioner of New York State Homes and Community Renewal, 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 highlighted the strategic nature of the fund: “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.”
Linda Armyn of FourLeaf Federal Credit Union and Dr. Kimberly R. Cline of Long Island University emphasized regional collaboration: “These projects reflect Long Island’s shared commitment to housing that works for everyone—working families, seniors, veterans, and people with disabilities. By investing in transit-oriented and community-focused development, we are laying the groundwork for inclusive, sustainable growth across the region.”
The LIIF is part of a $350 million initiative managed by Empire State Development alongside the Long Island Regional Economic Development Council. The fund supports major projects intended to create jobs and strengthen communities throughout Nassau and Suffolk Counties by offering competitive grants ranging from $2 million to $20 million.
Among the awarded projects:
– The Preserve at South Country Road in Southampton will receive $4 million towards a $54 million development creating 79 workforce housing units.
– The Grand at Baldwin will use its $6 million award as part of a $121 million project near public transit that includes 215 rental apartments.
– Alegria South in Bellport was granted $4.5 million for a fully affordable 96-unit development targeting distressed areas.
– The Carriage House in Patchogue secured an $8 million award; this mixed-use project will build 262 units while also upgrading local infrastructure.
– One Carleton Green in Central Islip received $3.8 million toward transforming underused parcels into 96 affordable units within downtown.
Governor Hochul’s broader strategy involves measures such as tax incentives for developers as well as capital funding through recent state budgets aimed at increasing New York’s overall housing supply. This approach complements her administration’s five-year plan targeting creation or preservation of 100,000 affordable homes statewide—including those with support services—and electrification upgrades.
To further incentivize localities’ participation in pro-housing initiatives via exclusive access to discretionary state funds up to $750 million has been offered; over 350 communities have obtained certification under this program.
