New York City/ Real Estate & Development

Glen Cove to Riverhead Score $32M in State Cash for 899 New Homes

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Published on October 28, 2026
Glen Cove to Riverhead Score $32M in State Cash for 899 New HomesGarvies Point — Site of Planned Affordable Condominiums
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Six housing developments scattered across Nassau and Suffolk counties are splitting roughly $32.4 million in new state funding, with construction expected to produce 899 homes, including 482 reserved as affordable. The money comes from the Long Island Investment Fund and targets everything from supportive apartments for veterans to transit-adjacent condos, with individual grants ranging from $3.5 million up to $8 million.

New York State awarded $32.42 million through the fund to the six projects, which together represent more than $529 million in total investment, according to the state's announcement cited by Fingerlakes1.com. Newsday reports the award total as $32.4 million supporting about 900 new rental and for-sale units — figures close enough to reflect the same six-project round, though the outlets' precise numbers differ slightly. The developments mix rental housing, affordable condominiums and supportive housing, and several sit within walking distance of Long Island Rail Road stations.

The Largest Grant Goes to a Brentwood Campus Redo

The biggest single award, $8 million, goes to Concern Housing for what the state calls St. Joseph's Village, a rehabilitation of part of the former Sisters of St. Joseph campus in Brentwood. The project carries a roughly $162 million price tag and will ultimately deliver 175 affordable and supportive homes for veterans, people with disabilities and justice-impacted women. Newsday's report identifies the Medford-based nonprofit as the recipient of the state's largest award and says Concern Housing plans to start construction in December, with residents expected to move in by late 2028.

Supportive housing tied to this funding round is meant to serve that same population — veterans, people with disabilities and women affected by the justice system — according to the state's project descriptions. The scale of the Brentwood redevelopment, reusing part of a former religious campus, stands out even among six projects that each top eight figures in overall development cost.

Glen Cove Lands Two Awards Near the Waterfront and Rail Station

Glen Cove picked up two grants in the round. Garvies Point Block F will receive $6.25 million toward 56 affordable condominiums for sale, built on a former industrial site near transit, retail, parks and the waterfront, with a development value of about $42 million. The condos are priced below $400,000, per Newsday's reporting, and follow an earlier phase at Garvies Point Block G that delivered 55 workforce rental apartments. Glen Cove officials have said the new condos, paired with another rental development in the pipeline, will broaden housing and first-time homebuyer options in the city.

The second Glen Cove award, $6 million, goes to the Glen Street apartments, a roughly $71 million mixed-use proposal next to the Glen Street LIRR station. That project is slated to include 120 affordable homes along with retail space, a public plaza and additional open space, plus more than $12 million in infrastructure improvements.

Westbury, Riverhead and Central Islip Round Out the List

In Westbury, a $5 million grant will help AR Westbury build 187 rental apartments, including 23 affordable units, next to the village's train station, on a project valued near $96.5 million that also folds in about $12 million for water, stormwater and below-ground parking work. Westbury Mayor Peter Cavallaro said the funding would help move the project forward, framing it as consistent with the village's broader transit-oriented development goals while cleaning up underused properties nearby.

Up in Riverhead, Northville Commons will receive $3.67 million toward an 80-unit affordable rental project on a 10-acre site, developed by Georgica Green Ventures in partnership with First Baptist Church. The roughly $56 million project will set aside 20 units for people with disabilities and serve households earning between 50 and 80 percent of area median income, with more than $7 million budgeted for sewer, water, parking and lighting improvements. In Central Islip, the Belmont at Eastview project — described in state materials as Steel Campus — will get $3.5 million for 281 rental units, including 28 affordable, reusing two existing buildings and adding eight new ones on a vacant former campus, with the development costing roughly $102 million.

How the Money Fits Into a Bigger State Push

State officials say the awards are designed to pair new housing construction with the infrastructure that makes it possible, addressing infrastructure costs such as sewer lines, water systems and parking that can be a barrier to development on Long Island. Empire State Development administers the $350 million Long Island Investment Fund in partnership with the Long Island Regional Economic Development Council, and officials say the fund has now approved nearly $74 million in housing investments supporting more than 2,000 homes, about half of them affordable.

The fund is one of several discretionary programs that require a locality to hold Pro-Housing Communities certification before it can apply, according to New York State Homes and Community Renewal. More than 460 communities statewide now carry that certification, which the Governor's office says grants access to nearly $1 billion in discretionary funding. A separate Long Island Investment Fund announcement awarded more than $26 million to five other projects, including a $121 million Baldwin development.

State housing officials point to broader numbers to frame the Long Island awards: New York says it has created or preserved more than 4,000 affordable homes on Long Island and more than 87,000 statewide under its current five-year housing plan, which carries a $25 billion budget aimed at creating or preserving 100,000 affordable homes, including 10,000 with support services, while electrifying another 50,000 homes. The state's fiscal 2027 budget adds $250 million in capital funding meant to speed affordable housing construction, and the Governor's office has cited environmental review changes and other executive actions intended to move qualifying housing and infrastructure projects along faster.