A housing conference on Long Island, NY has geared developers to focus on building affordable housing. With prices depressing and building materials coming down in price, builders can build affordable housing during this lull in the market. Homes aimed at this demographic are guaranteed to sell and developers can be assured of keeping their employees working and income coming in the door.
With home prices dipping in some areas and builders complaining about a slowdown in business, a new effort to construct affordable housing on Long Island may be under way – although there are still plenty of roadblocks.
As real estate agents, mortgage bankers, builders, housing advocates and public officials discussed the state of Long Island housing during a conference called Real Estate Next, some indicated the softening of the market might open a door for new affordable developments or additional affordable components to existing projects.
“It’s good work in a slow market because affordable housing sells and there’s always demand for it,” said builder Michael Dubb, who heads the Beechwood Organization in Jericho,which is getting approvals now for an affordable project in Queens called Edgemere. via Newsday
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I am a disabled 40 year old woman in need of housiing for my self and my 4 year old grand daughter that I have legal custody of . I am currently with family but have to leave by March of 2007
Yeah, Long Island needs some peasant housing for the servants of the rich.
Want affordable/luxury housing and live like a human? Head south where everyone else is heading keep your self esteem while you are at it.
There is indeed a demand for it because it's affordable.