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East Hampton Press / News / Government / 2246013

East Hampton To Fund Affordable Housing Down Payments and Construction Loans With First Round of Community Housing Fund Grants This Year

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The town has begun clearing the land off Pantigo Road where 16 affordable homes will be built. The town hopes to award Community Housing Fund grants of $30,000 each to all 16 of the future homeowners to help with the downpayment on the loans they will take out for the construction of their house. MICHAEL WRIGHT

The town has begun clearing the land off Pantigo Road where 16 affordable homes will be built. The town hopes to award Community Housing Fund grants of $30,000 each to all 16 of the future homeowners to help with the downpayment on the loans they will take out for the construction of their house. MICHAEL WRIGHT

East Hampton Town's Community Housing Fund advisory board has said as much as $2.6 million could be maid available from the fund in 2024 to help kickstart new affordable housing projects like the one under construction on Three Mile Harbor Road. MICHAEL WRIGHT

East Hampton Town's Community Housing Fund advisory board has said as much as $2.6 million could be maid available from the fund in 2024 to help kickstart new affordable housing projects like the one under construction on Three Mile Harbor Road. MICHAEL WRIGHT

Peter Garvey is the president of the Community Housing Advisory Board, which is recommended that the town dedicate funds to helping first time home buyers with downpayment and longterm loans to homeowners who are willing to construct an affordable apartment on their property. MICHAEL WRIGHT

Peter Garvey is the president of the Community Housing Advisory Board, which is recommended that the town dedicate funds to helping first time home buyers with downpayment and longterm loans to homeowners who are willing to construct an affordable apartment on their property. MICHAEL WRIGHT

Housing Director Eric Schantz.

Housing Director Eric Schantz.

authorMichael Wright on Apr 17, 2024
East Hampton Town plans to begin offering up to $30,000 in down payment assistance to first-time homebuyers this year and up to $100,000 in no-interest construction loans to homeowners who... more

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