Uniondale received a disproportionate number of subprime loans during the housing boom. More than half of the loans originated between 2005 and 2006 were high-rate, and the community has faced high levels of foreclosures, vacancies, and post-crash speculative investment. The Uniondale Community Land Trust ensures that the community retains affordable housing stock.
In mid-2014, we gained non-profit status and remain under the fiscal sponsorship of the Uniondale Community Council. U-CLT has also developed relationships with local non-profit organizations, including potential development partners (Habitat for Humanity of Nassau County), bridge and construction financing providers (Leviticus Fund), and architects (a graduate studio class from the Harvard Design School).
Initially, we focused on single-family homes in the unincorporated hamlet of Uniondale. The group defines Uniondale in its by-laws as a core area consisting of the 11553, 11555, and 11556 zip codes, and a secondary area that includes those sections covered by the Uniondale School, Water, Fire, and Library taxing and voting districts. The area is multi-racial and multi-ethnic, with more than four-fifths of the population being Black or Hispanic/Latino, or both. Forty-two percent of the residents are foreign-born (primarily first-generation immigrants).