State considers bills to keep young people on LI

The state Legislature is taking up two affordable housing bills designed to keep young professionals on Long Island. The first bill mandates that 10 percent of new developments be set aside for affordable

News 12 Staff

May 21, 2008, 11:56 PM

Updated 5,904 days ago

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The state Legislature is taking up two affordable housing bills designed to keep young professionals on Long Island.
The first bill mandates that 10 percent of new developments be set aside for affordable housing. It allows builders to transfer those units to other pieces of property, or put money toward an affordable housing fund.
A second bill, supported by Suffolk County Executive Steve Levy, creates state incentives and provides no-interest loans for infrastructure projects. Levy says either bill is a step in the right direction.
Many young people are moving out of state in the face of high rents and limited housing options. ?I've thought about moving south, moving to the Midwest, but it's just not for me,? 23-year-old Shannon Wall, of Northport, says. ?My family is here, my friends are here and I would rather stay here and work to change it so I can continue to stay.?
Organizations like the Long Island Housing Partnership offer help now for those who want to buy homes but may have difficulty paying. Diana Weir, who works for the organization, says both counties have down payment assistance programs that potential homeowners can qualify for. She says Long Islanders just have to know help is out there.
Lawmakers are expected to vote on the first bill as early as next week.
Click for more on affordable housing options that are available now.
To watch the extended interview with Diana Weir, go to Channel 612 on your iO digital cable box and select iO Extra.
Long Island Housing Partnership Multiple Listing Service of Long Island Long Island Volunteer Center Long Island Housing Services Volunteer MatchCommunity Development Corporation of Long Island


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