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Long Island Seniors Getting More Affordable Housing

BRENTWOOD, NY-National Development of America LLC will be joined by several government and financial professionals today as it breaks ground on Broadway West II, a 42-unit low-income senior housing project here.

By Diana M. Rodriguez | Updated on March 18, 2003

BRENTWOOD, NY-Senior citizens in this Long Island suburb are about to get 42 more units of affordable housing thanks to the development of Broadway West II here. Astoria Federal Savings chairman, president and CEO George L. Engelke Jr. and Federal Home Loan Bank of New York president Alfred A. DelliBovi today joined with the New York State Division of Housing and Community Renewal (DHCR) commissioner Judith A. Calogero and Jim Morgo of the Long Island Housing Partnership to break ground on the project.

The work of a public/private partnership, the new low-and very low-income senior community is being built by National Development of America LLC. Astoria Federal is providing a $3.3 million construction loan along with $1.3 million in permanent financing. The company also funded the development of the 72-unit Broadway West I, the predecessor to the new project located on the same site, which was completed in 1999.

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