East Hampton Town Community Housing Fund/  NYS Real Estate Transfer Tax Approved in a November 8, 2022, Voter Referendum

The East Hampton Town Community Housing Fund, approved by voters in a November, 2022, referendum, receives the revenue from a new, half-percent (0.5 %) tax on real estate transfers, to be paid by buyers. 

The widespread impacts of a lack of affordable community housing are increasingly evident, and a variety of housing opportunities for community members across the economic spectrum is needed to maintain a healthy, sustainable community.

The Fund will provide a significant, ongoing source of revenue for East Hampton Town to create housing for members of our community faced with a severe housing shortage and rising prices. 

The Fund will  be used solely for housing, according to state law and an EH Town Community Housing  Fund Plan. All proposed projects would be subject to a public hearing and town board approval.

East Hampton Town Community Housing Fund: Voters’ Guide #1

East Hampton Town Community Housing Fund: Voters Guide – FAQ PowerPoint

East Hampton Town Community Housing Fund: Voters’ Guide #2 

Ballot Proposition and Abstract for November Housing Fund Referendum

EH Town Professionals, Volunteers Appointed to Community Housing Fund Advisory Committee :/DocumentCenter/View/17556/Press-Release----Comm-Housing-Fund-committee-31623-final 

Associated Legislation

NYS Authorizing Legislation for Community Housing Fund

Revised Article II to Chapter 112: Real Estate Transfer Tax

Chapter 162 Supplemental Real Estate Transfer Tax for Community Housing Draft Legislation

Revised Chapter 162 -Supplemental Real Estate Transfer Tax for Community Housing

Draft Introduction/ Legislative Findings for EHTown Draft Chapter 160 Revision “Community Housing Opportunity Fund”

Revised Chapter 160 Comm. Housing Opportunity Fund Draft Amendments

Revised Chapter 160 – Community Housing Opportunity Fund 

Revised Chapter 160 – Community Housing Opportunity Fund(2)