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.
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• 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.
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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
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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.
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Southold
New York
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SOCIAL COSTS OF LACK
OF AFFORDABLE HOUSING
,�P_� Gerdine
23 Ys`danc
Southold Sheflar Is@end
Peconlc� e
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Mai,,Wck) Sag�Harbar Over the last two decades, incomes have failed to keep up with
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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)
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WORKS CITED
RPA I Long Island Housing Data Profiles
Suffolk County Government (suffolkcountyny.g_ov�