Innovation Solutions to Meet Long Island's Needs

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

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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

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LONG ISLAND’S COMPOSITION

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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.

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HOUSING COSTS

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WINCORAM COMMONS CORAM

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COPIAGUE COMMONS COPIAGUE

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CARMAN PLACE HEMPSTEAD

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“BUILDING E” WYANDANCH VILLAGE WYANDANCH

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PECONIC CROSSING RIVERHEAD

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LONG ISLANDERS LOOKING AHEAD

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CURRENT RENTAL UNITS

44% of today’s rentals were built in the 20 years from 1960-1979 -LI Index We Invest in Your DreamsSM