Income Requirements For Affordable Housing, Southampton Town
Applications for 65 new affordable housing rentals located in the Town of Southampton are now being accepted, but those who wish to apply need to act fast—the deadline is July 5.
There are 37 apartments available at Speonk Commons, on North Phillips Avenue near the Speonk train station, and another 28 at Sandy Hollow Cove, off Sandy Hollow Road in Tuckahoe. Between both locations, there are 52 studios or one-bedroom apartments and 13 two-bedroom apartments.
Tenants must maintain their apartments as their sole primary residence.
Most of the units are set aside for households earning up to 60 percent of the area median income, or AMI, which is determined by the U.S. Department of Housing and Urban Development. Rather than considering incomes in Southampton Town only, the local AMI reflects median income across Suffolk and Nassau counties.
Sixty percent of AMI amounts to $52,080 for a single person, $59,520 for two people, and $74,480 for a family of four. Seven units are open to applicants earning up to 80 percent of AMI, which is $69,440 for a single person, $79,360 for two people, and $99,200 for a household of four.
There also are mandatory income minimums, to ensure that applicants will be able to make rent. Completed applications must include the earnings and financial assets of all members of the household. Should a tenant’s income grow over the years until it exceeds the AMI limit, the tenant will not be forced to move out.
Monthly rent varies based on income. For those at 60 percent of AMI or below, rent is $1,225 for a studio, $1,313 for a one-bedroom, and $1,576 for a two-bedroom. At 80 percent of AMI or below, rent is $1,751 for a one-bedroom and $2,101 for a two-bedroom.
There is no cost to apply, and anyone may apply, regardless of what town, or even state, they currently reside in. However, 12 units are set aside for applicants with mobility, hearing and/or vision disabilities, two for people who reside or work in the Town of Southampton, and one for a veteran or surviving spouse of a veteran.
Curtis Highsmith Jr., the executive director of the Town of Southampton Housing Authority, explained that the state determines how many set-asides there can be.
A lottery will be scheduled in July to award the opportunity to rent the apartments. Mr. Highsmith said the lottery will likely be held at Southampton Town Hall, and applicants are encouraged, but not required, to attend. The names of applicants will be drawn at random, and each applicant will be assigned a number based on the order in which their name was drawn.
If any of the first 65 applicants picked end up turning down the opportunity or fail to meet the eligibility requirements, applicants further down the list will be extended an offer. Anyone approved for a unit must sign a lease and move in within 30 days of approval.
Only one application may be submitted per household. Households that try to submit more than one application may be disqualified, the town advises.
The application form can be downloaded from southamptontownny.gov. To receive an application via mail, send a self-addressed envelope to Sandy Hollow Cove and Speonk Commons, 4 Executive Blvd, Suite 100, Suffern, NY 10901. To request an application via phone, call 631-230-2050 and follow the instructions. Via email, write to email@example.com.
Applications will be accepted only through regular mail and must be postmarked by Friday, July 5. They must be mailed to Sandy Hollow Cove & Speonk Commons, P.O. Box 5052, Southampton, NY 11968-2068.
The two affordable housing developments are a result of a partnership between the Southampton Town Housing Authority, a government agency charged with providing affordable housing, and Georgica Green Ventures, a for-profit, Jericho-based company that builds affordable housing. Though they are in two different locations, Sandy Hollow Cove and Speonk Commons were treated as one project to maximize the grants they could receive. The total cost of the project was $30 million, according to Governor Andrew Cuomo’s office.
New York State Homes and Community Renewal provided tax credits to generate $16.5 million in equity and provided $3,146,676 from the state’s Housing Trust Fund.
In 2017, the Suffolk County Legislature, through the Suffolk County Affordable Housing Opportunities Program, authorized $2.15 million toward the acquisition of the lands for the two sites.
Arco Management Company, a third-party management company, is handling the lottery and the subsequent screening of applicants, Mr. Highsmith said. He added that he wants to ensure that everyone is properly informed about the opportunity and that the process is transparent.
To see what’s new, click “Start the Tour” to take a tour.
We welcome your feedback. Please click the
“contact/advertise” link in the menu bar to email us.
One fine body…