Real Estate

Construction Begins On $32.3M Affordable Housing Development

New York State officials say the new affordable housing development will help revitalize an underused stretch of waterfront in Glen Cove.

GLEN COVE, NY — Construction has begun on a $32.3 million housing development that officials say will help revitalize an underused stretch of waterfront in Glen Cove.

Financed through the New York State Homes and Community Renewal, the project at Garvies Point will have 55 energy-efficient homes for working families, including nine units adapted for residents with disabilities, according to a press release.

"An important component of building back our state better than it was before is ensuring that all working families have a safe, affordable place to call home," New York Gov. Andrew Cuomo (D) said. "This project will provide critical affordable housing in Glen Cove, while also continuing the city's ongoing effort to transform this once-underutilized swath of waterfront into a vibrant community."

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Crews will construct two four-story buildings with 55 apartments that are affordable based on the area median income. Six units will be fully adapted for individuals with a mobility impairment and three units will be catered to tenants with a hearing or visual impairment, according to state officials. The United Spinal Association and Clearly School for the Deaf will provide tenant referrals for those units.

Georgica Green Ventures, the Jericho-based company that's behind this project, said: "Affordable, quality housing is desperately needed throughout Long Island and has a place in all communities. It's exciting and satisfying to bring this project to the vibrant City of Glen Cove, as part of an ambitious revitalization of the waterfront."

Find out what's happening in Glen Covefor free with the latest updates from Patch.

The development continues Glen Cove's larger revitalization effort to create new housing, retail, and recreational space in the area. It's also part of Cuomo's $20 billion, five-year affordable housing plan, which aims to provide all New Yorkers with access to safe, affordable housing by building and preserving more than 100,000 units of affordable housing and 6,000 units of supportive housing.

"This project is a great example of how government can partner with the private sector to provide affordable places for people to live while delivering much-needed economic development for our communities," Nassau County Executive Laura Curran (D) said. "I look forward to continuing our revitalization efforts and attracting more investments into Glen Cove."

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