LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC
EIN 81-4188947 · Housing Expense Reduction Support (L82)
What they do
LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPCLT) WAS ESTABLISHED to PROVIDE HOUSING WITHIN NASSAU and SUFFOLK COUNTIES IN NEW YORK for "PERSONS of LOW INCOME", AS DEFINED IN ANY FEDERAL or STATE LOW INCOME HOUSING CAPITAL PROGRAM or OTHER TYPE of AFFORDABLE HOUSING PROGRAM.AS LONG ISLANDS FIRST REGIONAL COMMUNITY LAND TRUST, LIPCLT SUPPORTS STRONG, VITAL COMMUNITIES ACROSS LONG ISLAND THROUGH THE DEVELOPMENT and STEWARDSHIP of PERMANENTLY AFFORDABLE HOMES for PEOPLE of ALL AGES. LIPCLT WAS DEVELOPED AS AN INNOVATIVE SOLUTION MODEL to ADDRESS THE CRITICAL AFFORADABLE HOUSING NEEDS of LOW- and MODERATE-INCOME FAMILIES BY PROVIDING BELOW-MARKET HOMEOWNERSHIP OPPORTUNITIES THAT PRESEVE PERPETUAL AFFORDABILITY and ENGAGE KEY MUNICIPAL PARTNERS. UNDER ITS SHARED-EQUITY MODEL, LIPCLT RETAINS OWNERSHIP of THE LAND and LEASES THE LAND to HOMEOWNERS for A RENEWABLE TERM of 99 YEARS, WHILE THE HOMEOWNERS PURCHASE and HOLD OWNERSHIP INTEREST IN THE PHYSICAL STRUCTURE.
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Of every $100 spent, about $98.70 was reported for mission work. Use the spending picture below and ask what results that work produced.
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Basic facts we verified
Money report from 2024The charity has a recent tax report to read.
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They name their leaders5 people are listed in the latest report.
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Financial picture
A quick look at the charity’s latest reported finances. The available records are too limited for us to sell a complete report.
How reported expenses were divided
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Mission work is the Form 990 category called program services. These are the organization’s reported accounting categories, not an independent measure of results.
About this charity
- Recognized since
- January 2017
- Location
- 180 OSER AVE STE 800, HAUPPAUGE, NY 11788-3737
- County
- Suffolk
- In care of
- % PETER ELKOWITZ