Express Sessions Conversation Will Examine Governor's Housing Proposal and Community Housing Fund's Possibilities - 27 East

Real Estate News

Real Estate News / 2097814

Express Sessions Conversation Will Examine Governor's Housing Proposal and Community Housing Fund's Possibilities

authorStaff Writer on Mar 7, 2023

The Express News Group’s Express Sessions conversation series will continue on Thursday, March 23, with “The Governor’s Housing Growth Plan: Misguided or Good Policy?”

A panel will consider Governor Kathy Hochul’s proposed New York Housing Compact, which would direct Long Island communities to achieve a housing growth rate of 3 percent every three years and would also force them to rezone within a half mile of Long Island Rail Road stations to allow for higher density multifamily housing.

The panelists will also examine how South Fork towns will be able to use the new Community Housing Fund, which will begin to raise revenue in April through a half-percent tax on real estate sales, to achieve their own housing goals — regardless of whatever mandates the governor may set.

Critics of the Hochul’s proposal have objected to the prospect that a state board could overturn local decisions on housing proposals that meet certain affordability criteria. While local officials and voters have demonstrated in recent years, through the successful referendum last November instituting the Community Housing Fund, that more affordable housing is needed on the South Fork, whether the governor’s plan is a good fit for the East End and implementable remains questionable.

The panelists will include East Hampton Village Mayor Jerry Larsen, Suffolk County Legislator Bridget Fleming, Southampton Town Director of Housing & Community Development Kara Bak, East Hampton Housing Authority Executive Director Katy Casey and Long Island Builders Institute CEO Mike Florio.

The event will run from noon to 2 p.m. on March 23 at Union Sushi & Steak at 40 Bowden Square in Southampton Village and includes a two-course lunch. The cost is $40 for subscribers to an Express News Group newspaper and $45 for others.

You May Also Like:

Oceanfront East Hampton Estate Sells for $31.5M

An oceanfront estate in East Hampton recently sold for $31.5 million, making it one of ... 16 Sep 2025 by Staff Writer

Water Mill Modern ‘Italian Masterpiece’ Sells for $9 Million

A new modern Water Mill home with 10,000 square feet of interior living space and ... by Staff Writer

The Gables: New Condo Community Rises in Westhampton Beach

Phase 2 is underway at The Gables at Westhampton Beach, the new 45-unit condominium community ... 10 Sep 2025 by Brendan J. O’Reilly

Noble Black Rejoins Corcoran

Top real estate agent Noble Black and his team, Noble Black & Partners, have joined ... 9 Sep 2025 by Staff Writer

Modern Water Mill Residence With Panoramic Water Views Sells for $22.5M

An ultramodern waterfront home in Water Mill with a rooftop deck that has panoramic water ... 3 Sep 2025 by Staff Writer

Jennifer Brew and Charlotte Sasso Join Saunders & Associates

Jennifer Brew and Charlotte Sasso, two Hamptons real estate veterans, have joined Saunders & Associates. ... 28 Aug 2025 by Staff Writer

Southampton Village Estate Sells for $16.5 Million

A traditional estate built in Southampton Village in the private community of Pheasant Pond in ... by Staff Writer

Water Mill Compound Sells for $17 Million

An approximately 3-acre Water Mill compound with two legal residences — including one that integrates ... 25 Aug 2025 by Staff Writer

Hamptons Real Estate Roundtable August 2025

At the midpoint of summer, The Express News Group asked Hamptons real estate professionals from ... 14 Aug 2025 by Moderated by Brendan J. O’Reilly

CPF and CHF Revenue for the First Half of 2025

The Peconic Bay Community Preservation Fund and Peconic Bay Community Housing Fund brought in nearly ... by Staff Writer