EDP Says Over 2,000 Units Built Since 2016; Legislators Press on Subsidy Terms, Interest Rate and Perpetuity
Department staff and housing directors told the committee the county has supported more than 2,000 affordable units since 2016 and has about 499 units in the pipeline. Legislators questioned the effectiveness of subsidy loans (bonded at 0.5% interest), perpetuity of affordability and whether county funds best target the housing crisis.
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Director Leah Jefferson told the committee that since 2016 Suffolk County has supported "well over 2,000 units" of affordable housing and currently has roughly 499 units in the pipeline. Several legislators challenged whether the county's approach — low‑interest bonded loans and developer subsidies — is the most efficient means to expand housing for working and middle‑income households.
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