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Southampton Town Willl Build 11 Affordable Homes

Publication: The Southampton Press
By Michael Wright   Jun 27, 2012 10:15 AM
Jun 27, 2012 11:19 AM

Southampton Town and the Long Island Housing Partnership have announced plans for the construction of 11 new affordable homes to be built in Flanders, East Quogue, North Sea and Noyac over the next several months.

The Cape Cod-style homes will be sold for $152,300 each to qualified first-time home buyers, chosen in a lottery later this summer.

The homes will be constructed beginning in the fall by Manzi Homes East, officials said. The New York State Housing and Urban Renewal Program will subsidize $40,000 of the construction costs for each home. The total cost of construction is estimated to be about $190,000 per house.

According to Long Island Housing Partnership Vice President James Britz, seven of the houses will be built in Flanders, two in East Quogue, and one each in Noyac and North Sea. The land for each of the homes is being donated by Southampton Town Housing Authority. The lots are all properties that were seized by Suffolk County for non-payment of taxes and were given to the town earmarked for affordable housing development.

Prospective applicants for the homes may not earn more than $86,000 a year for a family of four, but must still qualify for a mortgage. The houses must be the buyer’s primary residence and cannot be rented.

Covenants on the sale will require that if and when the owners decide to sell the homes, they may not make more than a 10-percent profit on the sale. Anything over that amount will be put back into the first-time home buyer subsidy program, town officials said.

Applications for the lottery are now available through the Long Island Housing Partnership and can be requested by calling (631) 435-4710.

The Long Island Housing Partnership has facilitated the construction of more than 70 single-family homes at affordable prices in Southampton Town since it was formed in 1987. Formed to help lower-income families find affordable housing, the non-profit will supervise the lottery and handle the marketing of the sales.

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