On November 8th, voters approved to establish
The Peconic Bay Community Housing Fund
On November 8, 2022, Southampton Town voters approved a local law to amend Chapter 140 of the Southampton Town Code to establish a half-percent tax to fund the Peconic Bay Region Community Housing Fund which will allow for the creation of affordable housing opportunities in the Town.
An Advisory Board will review the Town’s community housing plan and make recommendations to the Town Board on possible housing opportunities. If you are interested in participating on the advisory board please complete the attached application and return it to via email to email@example.com
Affordable Housing Builds a Sustainable Community and Creates a Better Town:
- Provides Housing For the Town’s Essential Workers including First Responders, Fire/EMS workers, hospital workers, public servants, and teachers.
- Strengthens the Town’s Economy by ensuring that workers live near their jobs, that local employers have access to the best and most skilled employees, and that the spending of residents’ income stays in the town.
- Supports Town Residents of all ages and stages of life including young people who are just starting out, young families with children who need stability, and seniors who wish to securely age in place.
- What is the Peconic Bay Region Community Housing Act?
- How would the Community Housing Fund be financed?
- How can the money be used to create Community Housing?
- What is Community Housing?
- Who would be eligible to purchase Community Housing?
- Are there exemptions from paying the real estate transfer fee?
- How can financial assistance be provided to first-time homebuyers?
- Who decides what the Fund is used for?
- How would the Community Housing be kept affordable?
- How can the Community Housing Fund be created?
- Real estate transfer fee amounts existing vs. proposed