2017 LAND USE PROGRAM INNOVATION SOLUTIONS TO MEET LONG ISLAND’S NEEDS The Wilbur F. Breslin Center for Real Estate Studies at Hofstra University September 25, 2017
We Invest in Your DreamsSM
2017 LAND USE PROGRAM
•Snapshot of who we are •Overview of our financial health •Understanding what we want •Examples of how affordable housing can meet our needs
We Invest in Your DreamsSM
2017 LAND USE PROGRAM
We Invest in Your DreamsSM
LONG ISLAND’S COMPOSITION
We Invest in Your DreamsSM
LONG ISLAND’S COMPOSITION
We Invest in Your DreamsSM
Today, more poor people live in the suburbs (16.4 m) than in America’s big cities (13.4 m) or rural areas (7.3 ) We Invest in Your DreamsSM
LONG ISLAND’S INCOME
HOUSEHOLD SURVIVAL BUDGET SUFFOLK COUNTY Single Adult Housing Child Care Food Transportation Health Care Miscellaneous Taxes Monthly Total ANNUAL TOTAL Hourly Wage
$1,033 $202 $338 $131 $202 $319 $2,225 $26,700 $13.35
2 Adults, 1 Infant, 1 Preschooler $1,613 $2,188 $612 $676 $525 $648 $863 $7,125 $85,500 $42.75
Source: American Community Survey, Bureau of Labor Statistics (BLS), Internal Revenue Service (IRS), U.S.
We Invest in Your DreamsSM
We Invest in Your DreamsSM
HOUSING COSTS
We Invest in Your DreamsSM
WINCORAM COMMONS CORAM
We Invest in Your DreamsSM
COPIAGUE COMMONS COPIAGUE
We Invest in Your DreamsSM
CARMAN PLACE HEMPSTEAD
We Invest in Your DreamsSM
“BUILDING E” WYANDANCH VILLAGE WYANDANCH
We Invest in Your DreamsSM
PECONIC CROSSING RIVERHEAD
We Invest in Your DreamsSM
LONG ISLANDERS LOOKING AHEAD
We Invest in Your DreamsSM
CURRENT RENTAL UNITS
44% of today’s rentals were built in the 20 years from 1960-1979 -LI Index We Invest in Your DreamsSM