Community Development Corporation of Long Island (CDCLI) is committed to making dreams of long term economic stability come true. As a chartered member of NeighborWorks®, CDCLI is certified to meet a high standard of fiscal integrity and service performance to assist local residents in achieving their dreams, and is recognized by NeighborWorks® as an “exemplary organization.” With the mission to “invest in the housing and economic aspirations of individuals and families by providing solutions that foster and maintain vibrant, equitable, and sustainable communities,” CDCLI is a significant force for revitalizing and building strong communities because home matters for all people. For more information, please visit our website at www.cdcli.org.
CDCLI was founded in 1969 when government, business and civic leaders on Long Island came together to address the growing demand for affordable housing. That strong tri-sector support continues today. CDCLI is a regional and national leader in community development, with high standards of performance and a desire to identify and implement creative ways to solve problems and help people in the community. CDCLI programs are complex, multi-partnered and diverse.
Below is a summary of major business lines, along with FY 2015 program accomplishments:
Homeownership Centers – Offers grants, loans, training and assistance to help people achieve and sustain healthy homeownership and gain financial independence. In 2015, 450 individuals attended pre-purchase homebuyer education and financial education classes in two physical locations and via online courses. Sixty-two families successfully purchased their homes in 2015, leveraging their own savings with more than $100 million in mortgages. CDCLI also supports families in keeping their homes; 544 households received foreclosure prevention services in the last year. In 2016, CDCLI launched a pilot rent-to-own program to acquire and rehabilitate vacant, foreclosed properties and support households to purchase the home within three years.
Rental Housing Assistance – Provides rental assistance to low-income families, seniors, disabled and Veterans through federal funds. Last year, CDCLI provided rental subsidies to more than 5,000 families, allowing approximately 11,000 individuals across Suffolk County to live in safe and secure housing. CDCLI also manages a Section 8 voucher waiting list of 4,000 households, demonstrating the high demand for affordable housing across Long Island. In 2015, in an expansion of this business line, CDCLI assisted the US Department of Housing and Urban Development and New York State with its Rental Assistance Demonstration (RAD) efforts in Brooklyn, preserving almost 1,000 apartments as affordable. CDCLI inspects these apartments, qualifies tenants, and administers project-based voucher subsidies under a long-term contract.
CDCLI will continue this work with more than 350 Brooklyn apartment units converted under RAD in 2016.
Real Estate Development - Increases affordable single-family ownership and multifamily rental housing opportunities throughout Long Island that meet each community’s needs. Wherever there is opportunity and local support, CDCLI works with residents, government officials, community leaders and other partners to accomplish affordable housing development. Current and recent rental developments include:
- Wincoram Commons, a 176-unit mixed-income mixed-use development in Coram that completed construction and lease-up in May 2016. Wincoram Commons includes one, two- and three-bedroom apartments and 9,000 square feet of commercial space. More than 2,000 applications for tenancy were received for this $55 million development.
- Copaique Commons, a 90-unit apartment building across from the LIRR station in Copaigue. This transit-oriented development serves households earning up to 100 percent of the Area Median Income (AMI). Demolition of the site began in April 2016, with anticipated completion and occupancy by summer 2017.
- Peconic Crossing is a 45-unit apartment development for artists in Riverhead. This development will serve households of up to 90 percent AMI. This energy-efficient development will house an art gallery on its first floor. Construction will commence in early 2017.
Home Improvement – Provides construction oversight, grants and low interest financing to lower income homeowners for home repairs. Last year, CDCLI renovated 70 single-family homes owned by low and moderate income families using $1.2 million in New York State grants.
Weatherization and Energy Efficiency– Enables Long Islanders to make their homes more energy efficient and healthier. In 2015, more than 360 owned or rented homes were renovated. CDCLI anticipates this $1.5 million investment will result in $138,400 in annual energy cost savings.
Healthy Homes Pilot Program – Establishes stronger ties with the health care industry by designing pioneering, innovative and impactful programs to achieve positive health care outcomes for very- low income vulnerable populations. This pilot launched in 2015 and included weatherization and renovation of a 30-unit apartment building in Hempstead, an assessment of the health and safety conditions of 260 Hempstead Housing Authority (HHA) apartments and homes, and a survey of the health needs of HHA residents.
In FY 2015, CDCLI served more than 170,000 Long Islanders and invested more than $102 million into served communities. This figure includes more than 500 households impacted by Hurricane Sandy via CDCLI’s proactive and responsive Sandy Housing Recovery Program.
The President/CEO oversees an 85-person staff and reports to a 15-member high-functioning Board of Directors that meets six times a year, with several active standing committees. The President/CEO also manages an 18-member Council of Advisors that meets semi-annually. CDCLI’s FY 2016 budget anticipates revenue of $74MM with an operating budget of approximately $14.7MM. Management of CDCLI also includes oversight of two separate 501c3 organizations - the CDCLI Housing Development Fund Corporation, an Article 11 affiliate organization; and the CDCLI Funding Corporation, a Community Development Financial Institution; as well as seven LLC operating entities for tax credit affordable rental developments.
The organization’s outgoing President/CEO is Marianne Garvin, a high-profile dynamic local and national leader in the sector who has served in leadership positions at CDCLI for more than 25 years. The President/CEO’s current executive management group includes two direct reports - the CFO/Treasurer and the Chief Operating Officer (COO) – as well as the Senior Vice President of Real Estate and Property Operations and the Vice President of Marketing and Development, both of whom report to the COO.