October 1, 2025
Governor Kathy Hochul today announced that construction is underway on One Carleton Green, a 96-unit affordable housing development in the Town of Islip, Suffolk County, that is revitalizing former industrial lots while providing essential supportive housing close to public transportation. The $65 million project was made possible through an innovative partnership of multiple local and state agencies that seeks to increase affordable housing opportunities on Long Island and provide on-site supportive services for vulnerable residents. One Carleton Green complements the Governor’s historic five-year, $25 Billion Housing Plan, which is on track to create or preserve 100,000 affordable units across New York. The effort has already resulted in more than 2,600 affordable units created or preserved in Suffolk County.
“Long Island is one of the places hit hardest by the ongoing housing crisis. I am committed to increasing the housing supply and making New York the number one state to raise a family with affordable housing projects like One Carleton Green,” Governor Hochul said. “We are continuing the necessary work to secure Long Island’s future by partnering with public and private entities to provide safe, stable and affordable housing for New York’s families.”
One Carleton Green will provide supportive housing to 15 residents, with on-site services provided by Family Residences and Essential Enterprises, Inc. through the Office for People With Developmental Disabilities. The development includes apartments that are accessible and equipped for people with mobility impairments, as well as hearing and visual impairments and are available for residents making up to 50 percent of the Area Median Income.
All other units in the development will serve households making 30 to 100 percent of the Area Median Income.
One Carleton Green was part of the Town of Islip’s Downtown Revitalization Initiative award, transforming properties once used as a rail station and municipal parking lot into a new three-story structure that will also have first-floor retail space and two public plazas. The nearby Central Islip Long Island Rail Road station will serve as a vital transportation link.
The building will be all electric, with residents paying for services via a utility allowance. The development will have ample parking, as well as a laundry room on each floor and electric vehicle charging stations.
One Carleton Green is being developed by Georgica Green Ventures LLC, which has partnered with Homes and Community Renewal on other projects on Long Island, including an affordable three-building campus that is currently being completed just outside the village of Patchogue, Suffolk County.
Housing and Community Renewal funding for One Carleton Green includes $24.5 million through the Low-Income Housing Tax Credit Program; $5.2 million through the New York State Low-Income Housing Tax Credit Program; $4.1 million from the Low-Income Housing Trust Fund; $1.2 million from the Rural and Urban Community Investment Fund, and $6.4 million through the Middle Income Housing Program. Empire State Development’s Long Island Investment Fund also provided $3.8 million, and the State Department of State’s Downtown Revitalization Initiative awarded $1.7 million. Suffolk County Acquisition provided just over $2.7 million, and Suffolk County’s Suffolk Opportunities for Affordable Rentals provided $750,000.
New York Secretary of State Walter T. Mosley said, “One Carleton Green will serve as a catalyst for community and economic growth. Supported by the Downtown Revitalization Initiative this project will create affordable homes and bring families together making Islip a more vibrant place to live, work, and play. The Department of State is proud to play a role in Governor Hochul’s comprehensive and inclusive plan to bring more housing to New York State.”
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “One Carleton Green is emblematic of HCR’s goals – revitalizing communities, while creating affordable, safe housing located near where people work. These 96 units that will be built in Islip represent Governor Hochul’s transformational mission – to address housing needs while eliminating neighborhood blight. We thank our frequent development partner on Long Island, Georgica Green Ventures, as well as Suffolk County Executive Ed Romaine, Town of Islip Supervisor Angie Carpenter and the other local and state entities involved for making this project possible.”
New York State Office for People With Developmental Disabilities Commissioner Willow Baer said, “Safe and affordable housing should be accessible to all New Yorkers, including those living with developmental disabilities. OPWDD is grateful for Governor Hochul’s continued investments in projects like this, which will ensure that people with developmental disabilities can continue to live successfully and independently in their communities. Thanks to the incredible work of our partners at Family Residences and Essential Enterprises, Inc., these units represent freedom of choice and self-reliance for the people who will call them their home.”
Empire State Development President, CEO and Commissioner Hope Knight said, “We are proud to support investments that give Long Islanders a real chance to put down roots and build brighter futures. Housing is about more than bricks and mortar — it is the foundation of strong communities. By creating affordable and supportive homes close to jobs, schools, and transit, we are strengthening local businesses, energizing downtowns, and ensuring that Suffolk County remains a place where families of all incomes can thrive.”
Empire State Development Board Chairman Kevin Law said, “Long Island’s strength has always come from its people, and that depends on making it possible for the next generation to live and work here. By investing in housing that working families can afford, we are protecting the vitality of our communities today and building a stronger future for the region.”
LIREDC Co-Chairs Linda Armyn, President & CEO at FourLeaf Federal Credit Union, and Dr. Kimberly R. Cline, President of Long Island University said, “Affordable, community-focused housing is essential to keeping Long Island accessible and welcoming. When families, seniors, and residents with unique needs can find homes near jobs and transit, our region grows more inclusive, more resilient, and better positioned for long-term success.”
Senator Chuck Schumer said, “I’m proud that the federal Low-Income Housing Tax Credit that I worked hard to protect and expand has generated more than $24 million to help build One Carleton Green in Islip—a new development that will have 96 affordable and supportive housing units. I applaud Governor Hochul’s efforts to create and preserve affordable homes across the state, especially for vulnerable New Yorkers, and I will continue working to deliver the federal resources needed for more affordable housing options.”
Senator Kirsten Gillibrand said, “Access to safe and affordable housing is critical to ensuring that New York families can thrive. One Carleton Green will help revitalize downtown Islip and provide new, affordable housing for families on Long Island. In Washington, I’ll keep working to lower costs for New York families and deliver the federal dollars necessary to support projects like this one.”
State Senator Monica R. Martinez said, “Building the future often requires transforming the past. Once completed, One Carleton Green will reinvigorate this obsolete site, turning it into a place where residents can build their lives in much-needed housing with access to the services they need to thrive. Home has always been the starting point for opportunity, and with the state’s support, it will create new beginnings for both One Carleton Green’s future residents and Central Islip’s downtown corridor.”
Assembly Deputy Speaker Phil Ramos said, "One Carleton Green represents a bold opportunity for community growth and a vibrant downtown, while advancing a holistic vision to make Long Island more affordable and accessible for all. By transforming underutilized land into safe, sustainable housing with supportive services, we are not only creating homes — we are strengthening the very fabric of our communities. This project shows what’s possible when the state, local agencies, and developers come together with innovative solutions to meet the needs of New Yorkers. I thank Governor Hochul for her continued leadership and commitment to making Long Island a place where families can afford to live, work, and thrive.”
Suffolk County Executive Ed Romaine said, “As we continue to focus on infrastructure projects that help boost economic development, the partnership between local and state governments is of paramount importance to achieve success. Thank you to the State for their support of these initiatives.”
Islip Town Supervisor Angie M. Carpenter said, “We are so excited that through our partnership with New York State, Suffolk County, and private partners we are seeing the dream of the revitalization of the Carleton Avenue Corridor come to life. We thank Governor Hochul for her leadership and support throughout this important downtown revitalization initiative.”
Georgica Green Ventures President and CEO David Gallo said, “Everyone at GGV is so proud to be working on One Carleton Green, which will bring much needed affordable housing as well as supportive housing for individuals with intellectual and developmental disabilities, and also provide retail space and facilities for arts and culture for the entire community. We are grateful to our partners in the Town of Islip, Suffolk County, and New York State, for their commitment to this important project that will improve the lives of residents and neighbors, and continue the enhancement of downtown Central Islip.”
Family Residences and Essential Enterprises, Inc. Chief Project Officer Susan Sorrentino said, “Family Residences and Essential Enterprises, Inc. is honored to be included in the One Carleton Green Housing Development project. Developing new and affordable housing opportunities on Long Island is often met with a number of obstacles; however, projects such as this are critical to meet the housing needs of those with intellectual and developmental disabilities. The people we are proud to support who are deemed eligible will now reside in brand new apartments at affordable rents with access to transit and the greater community.”
Governor Hochul’s Housing Agenda
Governor Hochul is dedicated to addressing New York’s housing crisis and making the State more affordable and more livable for all New Yorkers. As part of the FY25 Enacted Budget, the Governor secured a landmark agreement to increase New York’s housing supply through new tax incentives, capital funding, and new protections for renters and homeowners. Building on this commitment, the FY26 Enacted Budget includes more than $1.5 billion in new State funding for housing, a Housing Access Voucher pilot program, and new policies to improve affordability for tenants and homebuyers. These measures complement the Governor’s five-year, $25 billion Housing Plan, included in the FY23 Enacted Budget, to create or preserve 100,000 affordable homes statewide, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes. More than 65,000 homes have been created or preserved to date.
The FY25 and FY26 Enacted Budgets also strengthened the Governor’s Pro-Housing Community Program — which allows certified localities exclusive access to up to $750 million in discretionary State funding. Currently, more than 350 communities have received Pro-Housing certification, including the Town of Islip.