LI Regional Planning Council Issues Report on Multi-Family Housing
By Roger Weaving Jr
The Long Island Regional Planning Council released a report showing that multifamily housing developments recently built on Long Island produce fewer students than expected, and produce more tax revenue than it costs to educate the students who live there.
One of the developments studied was Avalon at Huntington, which added 56 students to the local schools, which, if spread evenly over elementary, middle, and high school, is about 18 students per school. At a cost to educate the students of $8160/ student, this would add a $456,942 cost burden to the school district- but the real estate tax revenue and direct payments generated by Avalon are $849,485, resulting in a net positive cash flow to the school district of over $390,000.
Long Island has a severe housing shortage, along with a shortage of land. Building with density is the only way we can meet our housing needs.
The study can be found here: https://lirpc.org/wp-content/uploads/2021/03/Long-Island-Multifamily-Impacts-Final-3.11.21.pdf
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