Housing Authority Moving Forward WIth Affordable Housing Units In Southampton Village - 27 East

Real Estate News

Real Estate News / 1415440

Housing Authority Moving Forward WIth Affordable Housing Units In Southampton Village

icon 2 Photos
At Southampton Village Hall with the Bailey Road house renderings, standing, left to right, Stephen Funsch, Sarah Gurley, Curtis Highsmith, Richard Blowes. Seated, John Rose, Mark Epley and Michelle Cannon. DANA SHAW

At Southampton Village Hall with the Bailey Road house renderings, standing, left to right, Stephen Funsch, Sarah Gurley, Curtis Highsmith, Richard Blowes. Seated, John Rose, Mark Epley and Michelle Cannon. DANA SHAW

At Southampton Village Hall with the Bailey Road house renderings, standing, left to right, Stephen Funsch, Sarah Gurley, Curtis Highsmith, Richard Blowes. Seated, John Rose, Mark Epley and Michelle Cannon. DANA SHAW

At Southampton Village Hall with the Bailey Road house renderings, standing, left to right, Stephen Funsch, Sarah Gurley, Curtis Highsmith, Richard Blowes. Seated, John Rose, Mark Epley and Michelle Cannon. DANA SHAW

authorErin McKinley on Jun 12, 2013

A much-talked-about lottery for three affordable housing units in Southampton Village is drawing closer, and applications can now be submitted to Village Hall.

The three houses, which will be on Bailey Road, have been on the village agenda on and off since 2001, when the three adjacent properties, totaling 1.5 acres, were seized by village officials for nonpayment of taxes. Now the plan is finally moving forward, with construction slated to begin in October.

The applications, which can be picked up at the village clerk’s office or online at southamptonhousingauthority.com, must be returned by July 31. Those received after that date will be reviewed on a first-come-first-served basis.

“The idea is that these properties stay affordable for first-time homeowners,” Southampton Village Mayor Mark Epley said this week. “They should really help keep the next generation of young people and families in the Village of Southampton.”

The houses, which are valued between $600,000 and $700,000, will be bungalow-style homes consistent with the surrounding neighborhood. They will be two-story, three-bedroom and two-bathroom homes with cedar shingles and asphalt roofing. Each will sit on approximately one-half acre of land and will be roughly 1,612 square feet.

The houses are expected to sell for $400,000.

According to Mr. Epley, to be eligible for the lottery, first-time home buyers must have an annual income that doesn’t exceed certain levels; those levels vary, depending on family size. Applicants also must be able to qualify for a mortgage.

Construction, which will be undertaken by H.F. Swanson, Koral Bros. Inc. and Ironwood Construction, is slated to be completed by the spring or summer of 2014. Residents are expected to be able to move in shortly after.

When the winners of the lottery are announced will depend on how many applications are submitted, Mr. Epley said, but special consideration will be given to firefighters, other emergency workers and veterans who live or work in the village. He added that lottery winners will still have to qualify for mortgages. Once the bank approves their loan, construction will begin.

“It has been a great effort by a lot of people,” Mr. Epley said. “I have to say, Suffolk County has been very cooperative and we have gotten a lot of support on this.” He said the county could have seized the properties for its own affordable housing but let the village undertake the project instead.

You May Also Like:

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

Newsletter Spotlights South Fork Land Use Laws

The mention of land use and zoning may cause the eyes of some people to ... 12 Mar 2025 by Brendan J. O’Reilly

Original North Haven Shores Model Home Hits the Market

One of the original model homes in the North Haven Shores community developed in the ... 11 Mar 2025 by Staff Writer