HUD Vouchers Requested For East Hampton Affordable Housing - 27 East

Real Estate News

Real Estate News / 1393264

HUD Vouchers Requested For East Hampton Affordable Housing

icon 3 Photos
Elevations and planning for affordable housing at 531 Montauk Highway in Amagansett. COURTESY EAST HAMPTON HOUSING AUTHORITY

Elevations and planning for affordable housing at 531 Montauk Highway in Amagansett. COURTESY EAST HAMPTON HOUSING AUTHORITY

Elevations and planning for affordable housing at 531 Montauk Highway in Amagansett. COURTESY EAST HAMPTON HOUSING AUTHORITY

Elevations and planning for affordable housing at 531 Montauk Highway in Amagansett. COURTESY EAST HAMPTON HOUSING AUTHORITY

Planned affordable housing complex at 531 Montauk Highway, Amagansett. MICHAEL PINTAURO

Planned affordable housing complex at 531 Montauk Highway, Amagansett. MICHAEL PINTAURO

author on Jan 7, 2019

New York State Homes and Community Renewal is requesting that the U.S. Department of Housing and Urban Development release eight vouchers for very-low-income families to be able to rent units at an affordable housing complex that is soon to be under construction in Amagansett.

In December, Homes and Community Renewal, a state affordable housing agency, reviewed the potential impact the 37-unit complex on Montauk Highway would have on the environment, under the National Environmental Policy Act. The state concluded the project would have no impact, but the public can still submit comments to the East Hampton town clerk’s office until January 18.

The units—12 one-bedroom apartments, 12 two-bedrooms, 12 three-bedrooms and one four-bedroom—will be spread among seven two-story buildings.

Barring no objections, HUD would be able to release the housing vouchers in February, meaning eight units will be offered with rent assistance.

Construction crews should break ground in April, said Catherine Casey, the executive director of the East Hampton Housing Authority. The only hangup is waiting for the Suffolk County Department of Health Services to finish reviewing the onsite sewage treatment plans, and the Department of State still needs to approve the modular construction plans. Ms. Casey expects a determination in the next few weeks.

The multifamily housing is not age restricted, and all units are available to low- to moderate-income families, elderly and the disabled.

The vouchers are tied to the unit, not the tenant. If a family wanted to move, they would have to switch to a tenant-based voucher program to continue to receive assistance.

A family can rent a unit with a project-based voucher if the household’s income is below 50 percent of what HUD considers the area median income. For a family of four, 50 percent of the median income would be about $60,000. However, most beneficiaries of the federal program are below 30 percent of the median income.

Fair market price for the units is listed at $1,527 monthly for a one-bedroom, $1,878 for a two-bedroom, $2,428 for a three-bedroom and $2,999 for the four-bedroom. Pricing will be adjusted based on income and family size. Families are required to live there year-round.

Under the voucher program, a household is expected to spend up to 30 percent of their income on housing, and Community Development Corporation of Long Island or the East Hampton Housing Authority would pay for the rest.

East Hampton Housing Authority is charged with maintaining the wait list and referring eligible families to the program. HUD is not providing funding to build the housing project, but is expected to provide some rent subsidy.

The estimated cost of the project is $23.2 million. Contributions from the state and a private investor make up the lion’s share of the project’s funding. Additionally, Suffolk County has promised $1,128,000 million for infrastructure.

The final bit of financing for the project should be finished by March, Ms. Casey said. Under the funding guidelines, East Hampton Housing Authority has to complete the project by May 2020.

East Hampton Town officials are also in negotiations to purchase as many as four additional properties that could be used for affordable housing developments, including one that could house as many as 30 reduced-cost residential units.

Meanwhile, residents are expected to enter contract in February for the first new municipally sponsored housing project in the town in a decade. The Manor House Project was ushered in by the town’s Office of Housing and Community Development. The four one-bedroom, six two-bedroom and four three-bedroom units on Accabonac Road in northern East Hampton will be sold for between $126,000 and $245,000—in addition to monthly condominium fees—to buyers selected from the town’s affordable housing lottery list.

You May Also Like:

Turn Of The Century Further Lane Residence Fetches $11 Million

A 2.4-acre East Hampton compound featuring a renovated turn of the 20th century home recently ... 10 Aug 2020 by Staff Writer

Attorney General Announces $10 Million In Housing Counseling Funds To Stave Off Foreclosure

New York State’s Homeowner Protection Program, or HOPP, now has $10 million in grant funding available for housing counseling and legal services to help protect homeowners from foreclosure in the COVID-19 pandemic. Attorney General Letitia James said in a statement Friday that HOPP connects homeowners to free, qualified mortgage-assistance relief services across New York. Ms. James noted that the Federal Housing Finance Agency reported that 170,000 homeowners asked for mortgage forbearance in the first quarter of 2020 compared to 7,000 requests in the fourth quarter of 2019. The funding supports a network of more than 80 housing counselors and legal ... 3 Aug 2020 by Staff Writer

State Legislature Passes Bill To Deter Discrimination Among Real Estate Agents

The New York State Legislature has passed legislation protecting state residents from discrimination by real estate agents, and now the bill heads to Governor Andrew Cuomo’s desk to be signed into law. Assemblyman Fred W. Thiele Jr. of Sag Harbor said in a statement this week that the bill is designed to help end discriminatory practices in the real estate industry that disproportionately affect minority homebuyers. The legislation makes clear that real estate brokers and salespersons may be fined and their licenses suspended or revoked for subjecting prospective homebuyers to discriminatory practices. Mr. Thiele’s office noted in press release that ... by Staff Writer

Rachael Ray, John Cusimano Sell Southampton Home And Land

Quick-and-easy-cooking television personality Rachael Ray and her husband, attorney and musician John Cusimano, have sold ... 31 Jul 2020 by Staff Writer

Parking Variance Request Ignites Debates Over Residential-To-Office Conversions In Sag Harbor

A request for a parking variance to convert a third-floor Main Street apartment into office ... 28 Jul 2020 by Brendan J. OReilly

Sag Harbor Architectural Review Board Sends ‘Imposing’ Madison Street Proposal Back To The Drawing Board

The Sag Harbor Village Board of Historic Preservation and Architectural Review sent plans for a ... 27 Jul 2020 by Brendan J. OReilly

Manhattan Broker Lisa Maysonet Now Working In The Hamptons

Lisa Maysonet, a top Manhattan real estate broker with Sotheby’s International Realty, is now working ... 25 Jul 2020 by Staff Writer

Officials: Updated Southampton Housing Plan Will Go Beyond Affordable Housing

Southampton Town’s updated housing plan will go beyond addressing the need for affordable housing and ... 24 Jul 2020 by Brendan J. OReilly

Second-Quarter Hamptons Home Sales Dip 13 Percent

Amid the height of the coronavirus pandemic in New York and the state mandates that ... by Brendan J. OReilly

Community Preservation Fund Revenue Up 39 Percent In First Half Of 2020

The Peconic Bay Region Community Preservation Fund collected 39 percent more revenue in the first ... 21 Jul 2020 by Staff Writer

Welcome to our new website!

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.

Start the Tour
Landscape view not supported