Southampton Town Holds Affordable Housing Lottery On Thursday - 27 East

Real Estate News

Real Estate News / 1397784

Southampton Town Holds Affordable Housing Lottery On Thursday

icon 6 Photos

authorAmanda Bernocco on Mar 15, 2018

Two families came one step closer to moving into a pair of newly constructed affordable homes in Tuckahoe, called Tuckahoe Woods, during an affordable housing lottery last week at Southampton Town Hall.

With a spin of a raffle drum, Councilwoman Christine Scalera pulled out the names of the first two people to be offered the opportunity to qualify for the affordable homes: James White of Southampton and Jen Tabares of Hampton Bays. Neither was among the approximately 50 people in attendance during the lottery drawing inside the auditorium at Town Hall last Thursday, March 15.

Mr. White and Ms. Tabares were among 252 people who submitted applications in the affordable housing lottery.

The homes—one is located at 409 Moses Lane, the other at 269 Magee Street—will be sold for $332,400 each. Town officials estimate that the market value of the homes would be $1 million each.

Each of the houses was built on land donated by Southampton Town; the construction was under the direction of the Southampton Business Alliance Housing Initiative Corporation.

The possible new homeowners still have a number of obstacles to pass before they officially receive one of the homes—including meeting income and employment requirements, completing mortgage counseling with the Long Island Housing Partnership and qualifying to obtain a mortgage.

Also, their household income must fall under the maximum income levels set by the U.S. Department of Housing and Urban Development.

If the first two people to have their names drawn during the lottery don’t meet the requirements, the Long Island Housing Partnership will continue down the list of names until they reach a qualified homebuyer for the single-family homes. Each of the homes features three bedrooms, two bathrooms and a full basement.

Individuals picked in the lottery last week will receive letters in the mail with their number on it, according to Southampton Town Housing and Community Development Director Diana Weir.

Gabby Pazos, whose name was the 10th to be pulled from the raffle drum, said she has been living with her family of four in a Sag Harbor rental for the past 17 years and dreams of owning a home.

Quests to find a house on her own have been defeating: “It’s very expensive,” Ms. Pazos, a self-employed accountant, said in Spanish, as her friend Carolin Grijalva of East Hampton translated.

You May Also Like:

New Construction in Montauk Sells for a Nonwaterfront Record Price

A newly constructed modern home in Montauk just set a record for the highest price ... 9 May 2025 by Staff Writer

Protest Entry Challenges Hamptons Real Estate Monoculture

A Noyac architect took a different tack with his entry into this year’s AIA Peconic ... 7 May 2025 by Brendan J. O’Reilly

Hamptons Median Home Price Reaches $2 Million for the First Time

The first-quarter home sales reports for the Hamptons real estate market are in, and it’s positive news all around. The number of sales, the median sales price and the amount of inventory were all up, according to three different reports issued by area real estate firms. For the first time, the median sales price on the South Fork reached $2 million. The Elliman Report found that the $1 million to $5 million range dominated the Hamptons market, with sales nearly doubling. Across all price points, it was the sixth consecutive quarter of annual sales gains, and the number of sales ... 30 Apr 2025 by Brendan J. O’Reilly

UK Developer Buys Further Lane Property for $12 Million, Begins To Build Anew

At the end of last year, Paul Brennan and Martha Gundersen of Douglas Elliman quietly ... by Staff Writer

Going Once, Going Twice: Auctions Are an Alternative to Traditional Real Estate Listings

In the ultra-luxury market, the delta between a seller’s lofty expectations and the price that ... 23 Apr 2025 by Brendan J. O’Reilly

Agency News: Agnes Wanielista Joins Douglas Elliman

Agnes Wanielista, a salesperson with 10 years of experience in luxury real estate, has joined ... by Staff Writer

1884 Rosemary Lodge Hits the Market

A Water Mill house that was built in 1884 and was listed on the National ... 15 Apr 2025 by Brendan J. O’Reilly

Real Estate, Money and You

“Real Estate, Money and You,” a real estate investment seminar, was hosted by Douglas Elliman ... 10 Apr 2025 by Kelly Ann Smith

Ellie Awards Recognize Top Performers

On Wednesday, March 19, Douglas Elliman announced the winners of the 2025 Ellie Awards, which honor the firm’s top-performing agents throughout the nation. “Since stepping into this role at Douglas Elliman, I have been deeply inspired by the dedication and resilience our agents show every day as they navigate an ever-changing market,” said Michael S. Liebowitz, the president and CEO of Douglas Elliman Inc. “Their expertise, entrepreneurial drive, and commitment to excellence not only set them apart as real estate professionals — they are the source of our reputation for providing the highest level of client service. I look forward ... 26 Mar 2025 by Staff Writer

East Hampton's Butterfly House Is on the Market

An East Hampton home known as Butterfly House, which exhibits the butterfly roof design that ... 21 Mar 2025 by Staff Writer