LI Housing Crisis: Nassau/Suffolk Can Only Meet 1/3 of Future Demand

"Long Island will need to build more than 250,000 new homes within the next two decades to meet the dramatically growing housing demand. Current zoning, however, will only allow about a third of that number to be built," reports Newsday on a new study:

-"A recent report by the nonprofit Regional Plan Association stated that 256,843 additional housing units will be needed by 2040."

-"Given local town and village zoning in place as of mid-2024... RPA estimates that only 102,252 houses can be built by 2040."

"The Point recently reported on the steep decline in the issuance of private residential building permits on Long Island thanks to surging construction costs and builders being required to navigate regulatory and zoning hurdles. Soaring housing prices are pushing younger Long Islanders out of the region while exacerbating the current housing deficit."

Newsday's ongoing LI Qualify of Life Survey series found most LIers very concerned about their ability to afford housing as they age or families grow.