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Suffolk County Executive Bellone Kicks Off Zombie Property Demolition In East Patchogue

Categories: | Author: abermudez | Posted: 12/21/2017 | Views: 107
New Energy Efficient Home to be Built and Sold as Attainable Housing to Qualified Resident

Suffolk County Executive Steve Bellone today kicked off the demolition of a zombie home in East Patchogue that has been vacant for ten years. The blighted property, which was acquired by the Suffolk County Landbank Corporation as part of its Acquire and Renovate Bank Owned Residences (ARBOR) program, will eventually be the site of a newly constructed, energy efficient affordable home that will be sold to a new homebuyer following completion late next year.

    

   Photos from event available here



Video from event available here



“Today we kicked off demolition to tear down the past and build for the future,” said County Executive Bellone. “The new zero-energy home will offer advanced levels of energy savings, durability, quality and future performance that stand the test of time and enhance future value.  It's also helps in our efforts to reclaim our water and combat the nitrogen crisis.”

 

New York State Attorney General Eric Schneiderman said: “New York’s land banks have successfully empowered communities across the state to rebuild and revitalize neighborhoods hit hard by the foreclosure crisis.  I’m proud that the funding secured by my office through our settlements with the big banks has made it possible for the Landbank ARBOR program to revitalize neighborhoods and expand affordable housing on Long Island.”

 

Suffolk County Deputy Presiding Officer Rob Calarco said:  “Congratulations to the Landbank for securing another property in East Patchogue.  Today’s demolition solves two problems: it removes a blight from the community, and it provides an affordable home for a family.  I look forward to welcoming the new homeowners into the neighborhood in the near future.”

 

In Spring 2017, the Suffolk County Landbank acquired the property from Fannie Mae for a cost of $75,000.  Working in collaboration with the United Way of Long Island, the new home will be energy efficient in order to further reduce the cost for the potential homeowner.  The property will also be equipped with an advanced wastewater treatment system in order to significantly reduce the amount of nitrogen released into the drinking water and nearby waterways. Once completed, the new home will be sold as affordable housing to new homebuyers at incomes of 80% of Area Median Income or below.

 

The Acquire and Renovate Bank Owned Residences program was established by the Suffolk County Landbank in 2015 as a housing rehabilitation program. The goal is to revitalize vacant, bank owned properties and provide affordable homeownership opportunities throughout Suffolk County, especially in areas that have been hard hit by the subprime mortgage foreclosure crisis.  The Landbank has secured $3.86 million in grant funding for the ARBOR program through the Office of the New York State Attorney General as a result of the National Mortgage Settlement.

 

The Landbank has actively been acquiring bank foreclosed homes and partnering with not-for-profit developers, including United Way of Long Island, to deliver quality affordable housing and revitalize neighborhoods.  Ten homes have already been rehabilitated with six sold to new, income qualified homebuyers. The remaining four are currently being marketed with three additional homes also currently under constructions. The Landbank with its partner developers expects to rehabilitate or redevelop 12 additional houses by the end of 2018.  In addition to East Patchogue, the ARBOR program has facilitated rehabilitation of homes in affected areas such as Copiague, Lake Ronkonkoma, Sound Beach, Bay Shore, Central Islip, Mastic, and North Bellport.

 

Rick Wertheim, Senior Vice President of Housing Initiatives at United Way of Long Island, said:  “We are building the house of the future today.  The home that we are building here will have built-in energy efficiency, as well as sustainable, durable construction that will stand the test of time with minimal maintenance. The latest in housing technology innovation will be integrated into every aspect of this house, resulting in a healthier, and more affordable living experience for the family who owns it.”

 

Theresa Ward, Chair of the Suffolk County Landbank, said: “This kind of coordinated effort on blight elimination and ensuring energy efficiency would not have been possible without the leadership of the County Executive and the National Mortgage Settlement funding assistance provided by the NYS Attorney General.”

 

The Suffolk County Landbank is a not-for-profit corporation, which was organized in accordance with the New York State Land Bank Act.  The purpose is to facilitate the redevelopment of distressed and underutilized properties within Suffolk County to better serve the public interest.  Homebuyers interested in properties constructed and rehabilitated through this program can visit www.suffolkcountylandbank.org.

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