Town Eyes 12 Acres In East Hampton For Affordable Housing
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on Sep 19, 2017
East Hampton Town is trying to acquire 12 acres of land on Pantigo Road in the eastern part of town, much of which would be used to develop affordable housing... 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
1 Photo
on Sep 19, 2017