CHI has developed and preserved more than 500 affordable units for homeless, low-income and working individuals and families in Westchester, Long Island and the Hudson Valley. The agency has successfully combined state, federal and local grants with private bank financing to create cost-effective solutions to the affordable housing crisis.
Affordable Rental Housing
New York State is the third most expensive state in which to live. Long Island is the seventh most expensive metropolitan area in the country, and Westchester is the tenth most expensive metro area. Meanwhile, rents are rising in the region, and evictions and foreclosures continue at an alarming rate. Increasingly, even working families are having difficulty affording a place to live. In Westchester, for example, it takes an annual income of nearly $60,000 to afford a two-bedroom apartment, according to the National Low Income Housing Coalition.
Without affordable housing, families and individuals become homeless or live in overcrowded and unsafe conditions. Families are separated, and children live with instability and often, without stable school environments. Affordable housing enables essential workers to live in and support our communities — health aides, school bus drivers, retail workers, teaching assistants and clerical assistants.
CHI owns and manages more than 250 single and multifamily units of affordable and permanent rental housing.