October 8th, 2025 Islip, Ny-Recently, the Town of Islip broke ground on One Carleton Green, a $65 million project that contains a 96-unit affordable housing development in Central Islip. This former industrial lot will soon be home to a transit-oriented, mixed-use development that will provide much-needed housing and job opportunities for the community.

The bank recently announced that it would be expanding its Long Island Branch Network, and the Holbrook grand opening is an exciting addition! Islip Town Councilman John Lorenzo was on hand for the event along with community members and local business groups.

"We are so excited that through our partnership with New York State, Suffolk County, and private partners we are seeing the dream of the revitalization of the Carleton Avenue Corridor come to life. We thank Governor Hochul for her leadership and support throughout this important downtown revitalization initiative," said Town of Islip Supervisor Angie Carpenter.

This is the culmination of a $10 million Downtown Revitalization Initiative awarded to the Town of Islip in 2018 to revitalize downtown Central Islip and cements Islip as a certified Pro-Housing community in New York, allowing for more funding to become available in the future. Funding of $24.5 million came from the Low-Income Housing Tax Credit Program, with more coming from other state and local programs.

"This project will help more families in our community, including individuals with disabilities, to find a safe, stable, and affordable place to call home, a sweet home," said Town of Islip Councilman Jorge Guadron. "It was an honor and privilege to stand alongside community leaders and partners, including Family Residences and Essential Enterprises. This marks a step forward in meeting the housing needs of our residents."

"One Carleton Green represents a bold opportunity for community growth and a vibrant downtown, while advancing a holistic vision to make Long Island more affordable and accessible for all. By transforming underutilized land into safe, sustainable housing with supportive services, we are not only creating homes — we are strengthening the very fabric of our communities. This project shows what's possible when the state, local agencies, and developers come together with innovative solutions to meet the needs of New Yorkers. I thank Governor Hochul for her continued leadership and commitment to making Long Island a place where families can afford to live, work, and thrive," said Assembly Deputy Speaker Phil Ramos

One Carleton Green will greatly benefit individuals with developmental disabilities, with 15 units being set aside for supportive housing. Accessibility is a key focus when designing this project, with units being made available for residents with mobility impairments making up to 50 percent of the Area Median Income. This project will be constructed by Georgica Green Ventures.

"Everyone at GGV is so proud to be working on One Carleton Green, which will bring much needed affordable housing as well as supportive housing for individuals with intellectual and developmental disabilities, and provide retail space and facilities for arts and culture for the entire community. We are grateful to our partners in the Town of Islip, Suffolk County, and New York State, for their commitment to this important project that will improve the lives of residents and neighbors and continue the enhancement of downtown Central Islip," said President and CEO of GGV, David Gallo.

The project is expected to be completed in approximately 18 months.