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HomeMy WebLinkAboutWorkforce Housing Packet 29475 Main Rd WORK FORCE Cutchogue HOUSING BUSINESS OVERVIEW • Our goal is to provide quality work force housing in the Town of Southold, specifically in Cutchogue. ■ ■ ■ ■ We will manage and operate privately following the rules and regulations of the Suffolk County Housing Authority. • We will help mitigate the necessity of work force ■ ■ housing in the area. ■■ 4MdW SUCCESS FACTORS.A • Our office is conveniently located in Hampton Bays, NY. Equipped to manage projects of this scale. • As a company we count over 14 years of experience in real estate management and contracting commercial and residential. • This property location is within walking distance to shops, public transportation, and adjoins existing centers of business and residential development. ABOUT cruzbrotherms CONSTRUCTION CRUZ BROTHERS CONSTRUCTION • Central to the east end of Long Island, we are located in Hampton Bays. • We are a family owned and operated business. • We provide work to local labor force, contractors and businesses. • We develop and build commercial and residential projects throughout Long Island, maintaining most projects in the Hamptons. — • We understand and manage affordable construction procedures to help provide accessible prices. • Multifaceted building and development company. � !+ • Commercial and residential real estate projects in the V- r Southfork and Northfork areas which are managed and 14 handled by our sister company Unifam. a „ aT• Vii• t 1, COMMUNITY PROJECTS J I!I r _ � the .. � re reasit II - DOMESTIC VIOLENCE SERVICES } STONY BROOK • • • GYNECOLOGY • OBSTETRICS itting Process, Site and building design, Site Development and Construction. COMMERCIAL & RESIDENTIAL f t MODULAR BUILDING . k: k 4, v MSL � f � .. as 6 �.. +% 'Y�1!•:'9R.. i' 7=1 ABOUT U U N I F A M INVESTMENT PARTNERS • We are Unifam, an investment company specializing in real estate development and property management. • We area motivated company,willing to help others, seeking work and affordable housing in the community. • We deal with tenants daily and understand firsthand the necessity of affordable housing across Long Island. • We see families and their frustration of not finding a habitable place to live, this situation makes them seek housing away from their jobs, forcing them to drive long distances to get to work. 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NORTH FORK VILLAS PERFEC Located in the Halo Zone, 29475 Main Rd in AREA I Cutchogue is the ideal property to provide work force housing to the community in the THE RIG preferred area with proximity to services ZONIN Legend � Agriculture _ commericial i IndU--trial Insttutional ` } Residential . _ +: •� Open Space & Recreation -. - x29475 Main R - Surface VifatersCutchogu Pe +Dn Transportation Utilities, Vacant Waste Handling � r ti Ham l etentor f _ .} # uck Q 7. `}yam.- 7� IKL ,y i7.T 1'I' a_ r Yi fll `1'�`o- •�,. 7fr C{o'` •� I't PROJECT SPECIFICATIONS Property area: 140,699 Square Feet (3.5 Acres) Existing Clearing: 52,373 Square Feet (1 .2 Acres) Proposed Clearing Area: 104,693 Square Feet (2.4Acres) Total lot coverage: 70,846 Square Feet (1 .6 Acres) Total apartments: 36 units. 1 Gals wUY.w1I Iwai w,u,u m Me uwrvnU M , .W'a Ig1II- am t.own K AY YW Vltl i lV1G[A , Q o- 0 -6 (> a-nom°-� _ a 1• � � _, ��,-@y �° - o- p Nc& CS- (�' �a w fir I Y tIPGC JCiW' MSF�4IDVli;YIIfY I!lmVOT A JOOl I�OI/M,LLL � 1 � 1 IDOf pl�i'K t r Southold New York View larger map SOCIAL COSTS OF LACK OF AFFORDABLE HOUSING ,�P_� Gerdine 23 Ys`danc Southold Sheflar Is@end Peconlc� e , Cutc Mai,,Wck) Sag�Harbar Over the last two decades, incomes have failed to keep up with i pij A East Hampton housing costs, for both owners and renters. When adjusted for Aquebogue inflation, the median income for Long Island has fallen slightly Southold since 2000, while median housing costs have increased by 24%. (KPA Long Island o Population:22,147 "Younger Long Islanders are forced to leave their communities o Number of households-9,333 to find housing that's affordable elsewhere, aging empty-nesters often struggle to downsize, and owners and renters of all ages o Median income:ssa,$54 and backgrounds are saddled with high housing costs. To retain o Median home value:s565.20o the talent that will drive future economic success, Long Island must diversify its housing stock." (Torn LUrzght, RPA) o Owner cost-burdened households:35,6% 0 Rent-burdened households:58.2% SOCIAL COSTS OF LACK OF AFFORDABLE HOUSING • Finding affordable housing on Long Island is a challenge, especially for renters. The National Low-Income Housing Coalition calculates that a household has to make nearly $62,000 per year to afford a modest one-bedroom apartment at fair market rent without being cost-burdened. Renter Household Profile Long Island Housing Wage Southold The housing wage,a metric developed by the National Low-Income Housing Coalition,is the wage someone working full-time would Program Units need to earn in order to afford rental housing without paying more than 30%of their income toward rent.These figures are for Long Renter median income $42,822 Island as a whole. Median income of all households $88,854 per hour per year Median gross rent S1,408/mo. Median gross rent as a percentage of renter median 39.5°0 Income needed to afford a 1-bedroom $29.77 $61,920 income Income needed to afford a 2-bedroom $36.67 $76,280 American Community Survey 2014-2018 National Lown-Income Housing Coalition AFFORDABLE HOUSING AND PUBLIC POLICY Aff-Workforce Housing Term Sheet - 8704 - lan2023.xlsx (suffolkcountyny.gov� AFFORDABLE HOUSING BY COUNTY COUNTY OF SUFFOLK (suffolkcountynygov) i WORKS CITED RPA I Long Island Housing Data Profiles Suffolk County Government (suffolkcountyny.g_ov�