How can the money be used to create Community Housing?


The Fund can be used for community housing in various ways including:

  • First-time homebuyer down payment assistance.
  • Shared equity program.
  • Employer housing for seasonal and year-round employees.
  • The acquisition of existing units for Community Housing.
  • The creation and maintenance of community housing through public/private partnerships.
  • Housing counseling services.
  • For existing homeowners to create affordable accessory affordable apartments in their home.
  • The purchase and rehabilitation of vacant, dilapidated or zombie homes for first-time homebuyers.

Show All Answers

1. What is the Peconic Bay Region Community Housing Act?
2. How would the Community Housing Fund be financed?
3. How can the money be used to create Community Housing?
4. What is Community Housing?
5. Who would be eligible to purchase Community Housing?
6. Are there exemptions from paying the real estate transfer fee?
7. How can financial assistance be provided to first-time homebuyers?
8. Who decides what the Fund is used for?
9. How would the Community Housing be kept affordable?
10. How can the Community Housing Fund be created?
11. Real estate transfer fee amounts existing vs. proposed