A 9.2-acre estate at the head of Coopers Neck Pond in Southampton Village sold at the end of 2020 for $32 million, meeting its last asking price. At 137 Coopers... more
State Assemblymember Fred W. Thiele Jr. of Sag Harbor has reintroduced the Accessory Dwelling Unit Incentive Act, his legislation to address the affordable housing crisis and incentivize property owners to construct accessory units. One incentive Thiele proposes is dubbed the Accessory Dwelling Unit Forgivable Loan Program, which would be administered by the Division of Housing and Community Renewal. Noting that the upfront cost of building accessory dwelling units is one of the biggest impediments to their creation, Thiele explained that the loan program would provide property owners with a forgivable loan of up to $75,000 for 20 years to construct ...
by Staff Writer
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Staff Writer on Mar 19, 2021