IN 2022 ‘STATE OF THE TOWN’ ADDRESS, EAST HAMPTON TOWN SUPERVISOR PETER VAN SCOYOC CALLS HOUSING AFFORDABLILITY ‘SERIOUS AND IMMEDIATE’ THREAT TO WELL-BEING AND SUSTAINABILITY OF COMMUNITY; ANNOUNCES ‘ALL HANDS ON HOUSING’ INITIATIVE
At the start of 2022, the East Hampton Town Board began work on a host of wide-ranging efforts to tackle the need for affordable housing in the town, including the launch of several new construction projects and a review of town regulations and long-term plans to lay
the groundwork for future projects.
Each Town Board member is working to advance solutions to address the housing crisis as fast as possible, focusing on a specific aspect of the problem, in the Town’s most significant housing effort to date.
Read the State of the Town Address: https://www.ehamptonny.gov/DocumentCenter/View/11294/State-of-the-Town-2022-
Read the “All Hands on Housing” announcement, detailing Town Board member assignments: https://ehamptonny.gov/DocumentCenter/View/11340/All-Hands-on-Housing-press-release-final
East Hampton Town Community Housing Opportunity Fund/ Proposed NYS Transfer Tax for November 8, 2022, Voter Referendum
This Election Day, Nov. 8, 2022, voters will have an opportunity to cast their ballots on the creation of the East Hampton Town Community Housing Opportunity Fund, which would receive 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.
If approved, the Fund would 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 would be used solely for housing, according to state law and an EH Town Community Housing Opportunity Fund Plan. All projects would be subject to a public hearing and town board approval.