The Real Deal New York

13,000 transit-oriented rental units have been approved in LI over the last 12 years: report

November 26, 2018 02:55PM

A spate of new apartment complexes have answered the call for more rental housing across Long Island, while also spurring investment in communities surrounding them, according to Long Island Business News. The demand has prompted more multi-family projects, especially rental apartments, on Long Island. Rental projects have been proposed or approved in 75 areas in the past 10 years, with 44 of them in downtown business districts or near transit, according to statistics from Vision Long Island. More than 13,000 units of transit-oriented development have sprung up in 40 communities during the same decade-long period. Experts have said that while these projects initially faced opposition, they’ve also for the most part helped certain communities by adding to the tax base and bringing in new local jobs. [LIBN]