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CDCLI Awarded $50,000 Grant from Capital One Foundation

CDCLI was awarded a $50,000 grant from Capital One Foundation to support its Homeownership Center.  The grant is being used by CDCLI to fund its pre and post purchase programs and services that help Long Islanders retain assets and wealth, while addressing housing needs in order to achieve and sustain affordable, long-term homeownership.

These programs include CDCLI’s Financial Fitness, Health, and Wealth (FFHW), Home Maintenance Training Program (HMTP), and Home Equity Conversion Mortgage (HECM) counseling.

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CDCLI Awarded $125,000 Housing for Everyone Grant from TD Charitable Foundation

CDCLI was awarded a $125,000 Housing for Everyone grant through TD Charitable Foundation, the charitable giving arm of TD Bank America’s Most Convenient Bank@.  The grant will be used by CDCLI to expand its multifamily development portfolio on Long Island.

The severe shortage of affordable rentals continues to pose challenges on Long Island.  The Long Island Index 2018 Indicators Report shows that the number of LI residents living in single family homes continues to decline (a 6% decrease in the last 3 years).  The median sales price of single family homes is out of reach for the average family.  Currently, 18% of residents live in multifamily housing and in 5 years, 30% are expected to live in multifamily housing.

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Next Home Maintenance Training Program Begins 1/9

The Home Maintenance Training Program is a multi class “hands-on” home repair training course.  Our next series of classes begins this Wednesday, January 9th, 2019 and will take place at CDCLI at 7 PM.

For more information, please call (631) 471-1215 x.158, email homeownershipcenter@cdcli.org, or Register Online.

Peconic Crossing Ribbon Cutting – November 19, 2018

CDCLI in partnership with Conifer Realty, celebrated the completion of Peconic Crossing at a Ribbon Cutting Ceremony. Thank you to Governor Andrew Cuomo, Lieutenant Governor Kathy Hochul, NY Governor’s Office of Storm Recovery, Suffolk County Executive Steven Bellone, Empire State Development, Town of Riverhead, Laura Jens-Smith New York State Homes & Community Renewal, East End Arts, Capital One, Community Development Trust, NeighborWorks America, Gina Gilmour (Artist currently on display at the East End Arts Gallery) and all other partners who enabled this project to come to fruition. #CDCLISaysThankYou

Septic Replacement Loan Program for Suffolk County Residents

To further CDCLI’s mission of increasing investment in neighborhoods, protecting the assets of homeowners, and protecting the environment, a low interest rate loan product is now available to assist with the installation of a Suffolk County approved replacement septic system!