Lunch With: Tony Panza - 27 East

Real Estate News

Real Estate News / 1417042

Lunch With: Tony Panza

icon 2 Photos

author on Nov 19, 2009

Recently, the Southampton Business Alliance Housing Initiative undertook a big project to create more affordable housing in Southampton Town.

The not-for-profit group has already donated properties—two energy-efficient homes with attached apartments in Sagaponack Woods on Merchants Path in Sagaponack—and is currently working on another project on Carter Avenue in Hampton Bays. A housing lottery for the properties was held last month at Southampton Village Hall.

Anthony Panza, the owner of Turtle Pond Builders in Southampton and board president of the Southampton Business Alliance Housing Initiative, recently sat down and discussed his group’s ideology—and common misconceptions about affordable housing—over chicken quesadillas at 75 Main in Southampton.

Q: How long has the Southampton Business Alliance been around? And when was the Housing Initiative formed?

A: It’s been out there a good number of years, I’m going to guess 16, 18 years. The Housing Initiative portion, that’s been since 2008.

Q: Are there different members on the Housing Initiative as are in the Business Alliance? How many members are in each group?

A: There are different members. Approximately 12 people on the Housing Initiative. The Southampton Business Alliance is well in excess of 100.

Q: Why did The Southampton Business Alliance decide to even delve into affordable housing?

A: This is an expensive area to live in. It’s tough for the regular people who want to live here year-round.

Q: I read that the Housing Initiative was deeded the Sagaponack Woods property in mid-2008. Which came first, the land or the group?

A: The formation of the Housing Initiative came first and then we went to the town. Jim Zizzi and a few others went and said ‘We’re putting this together, we have the expertise, and we’d like to have the land if you can donate it to us and make it happen.’ Jim was really instrumental in getting the Housing Initiative going.

Q: Was there any kind of cash exchange for the Sagaponack properties between the Housing Initiative and the town?

A: The Town of Southampton gave us the land.

Q: Going forward, are there more projects in the works?

A: As you know, we’re working on a house on Carter Avenue in Hampton Bays that will hopefully be getting approval soon. Another project we’re looking at is a 5-acre piece further west in the Westhampton/Remsenburg/Speonk area. There we’re looking to put up five single-family houses with accessory apartments. What we have to do is prove to the town that we can handle the task.

Q: Regarding the accessory apartments for the Sagaponack properties, are they part of the lottery too or does the landlord have discretion on who to rent to?

A: No, it’s not part of the lottery drawing, the homeowner makes that decision. But there are guidelines and things they’ll have to adhere to.

Q: The accessory apartments seem like a novel way to address another problem here on the East End, that of affordable places to rent. Can you talk about that a bit?

A: The accessory apartments are genius and I hope to see more of that type of building. First, they make the home much more affordable to the home buyer and secondly, they’re also a great use for somebody to be able to affordably rent out here. So we’re addressing two housing needs in one location.

Q: These projects are also in partnership with the Long Island Housing Partnership, are you going to go forward with them on future houses?

A: We think the Alliance works well with them. It’s a three-pronged approach; the Town of Southampton, the Southampton Business Alliance Housing Initiative and the Long Island Housing Partnership. The work gets done.

Q: As to the choice of locations, do the lottery winners get to choose?

A: You really don’t know. Your name is put in some order based upon the drawings. At that point, they will work through the order.

Q: So the first name drawn can’t automatically opt for Hampton Bays instead

of Sagaponack Woods and then

get their pick?

A: It’s first drawn in the order of the location. Unfortunately it’s not a choice of property, though you can choose to go back on track into the lottery.

Q: So the winners who get picked first for Sagaponack but have a different location preference, say for Hampton Bays, don’t get a leg up during the next go-round, they just go back into the barrel, so to speak?

A: Correct.

Q: There are some people who complain that affordable or workforce housing will bring a bad element into the area. Do you agree?

A: This is workforce housing for the people who live and work here and can’t afford to buy otherwise. There are a lot of people that make money, just not enough—school teachers, nurses, town employees—who qualify for this program. They can’t afford to buy a home. So we needed to address that issue. We need to have more of a blending of income levels out here, you cannot be 100 percent New York City individuals on the wealthy side. You have to have a diverse community that’s made up of multiple and varied socioeconomic groups.

Q: Not every job pays a million dollars a year, I can attest to that. I think one of the greatest misconceptions about affordable housing is that it’s all going to people on welfare or somehow undesirable. But it’s about people who can meet the credit-worthiness, have a certain amount of income, and just wouldn’t be able to afford a house out here otherwise. Can you dispel that myth for our readers?

A: Someone in the 110 to 120 percent income range maybe makes $100,000 as a couple between them, it’s very difficult to afford a house in Southampton. The problem is they don’t know there are programs for them. We need to educate people what workforce housing is. Workforce housing here and workforce housing in Queens or Nassau County isn’t the same. Our cost of living is much higher here. We pay more here.

Q: What’s the most important message you want to get out about this workforce housing project?

A: I would strongly suggest for people that want to buy a property to sign up. I think it’s important for people to get on the list if they’re interested. This is for all those people out there who make a decent living but can’t afford to buy otherwise.

You May Also Like:

Waterview Water Mill Shingle-Style Homes Sells for $11.38 Million

A Water Mill home with a view of Burnett Creek and a dock for access ... 17 Apr 2024 by Staff Writer

Sagaponack New Construction Designed by McDonough & Conroy Sells for $6 Million

A new 8,000-square-foot home in Sagaponack has sold for $6 million preconstruction. On 3.13 acres ... 9 Apr 2024 by Staff Writer

New Book Shows Long Island’s Past With Glimpses of Future

“Making Long Island: A History of Growth and the American Dream,” by Lawrence R. Samuel ... 5 Apr 2024 by Joseph Finora

Good Things Come in Small Packages

While large houses offer more space to spread out in, a new home in East ... 3 Apr 2024 by Brendan J. O’Reilly

Culloden Point Waterfront Home Sells for $12.5 Million

On Montauk’s Culloden Point and fronting Fort Pond Bay, the home at 8 Captain Balfour ... by Staff Writer

Sands Motel in Montauk Sells to Hospitality Group

Montauk’s Sands Motel at 71 South Emerson Avenue has sold to a prominent hospitality group, ... 29 Mar 2024 by Staff Writer

L’Hommedieu Descendants Tour House He Designed in East Hampton

The 1892 Brooklyn Daily Eagle obituary for architect James H. L’Hommedieu referred to him as ... 26 Mar 2024 by Brendan J. O’Reilly

Old Montauk Highway Estate Once Seeking $55 Million Sells for $18.5 Million

A Montauk estate spanning 35 acres with 485 feet of private beachfront has sold for ... by Staff Writer

Coopers Farm Road Home Sells for $4.15 Million

A 5,600-square-foot shingle-style home in Southampton Village built in 1989 recently sold for $4.15 million. ... by Staff Writer

National Association of Realtors Settlement Will Reverberate Throughout Real Estate Industry

New rules — and a monster settlement — could start saving homebuyers and sellers thousands ... 19 Mar 2024 by Joseph Finora