Housing Fund Forums | The East Hampton Star

Information forums on the Nov. 8 ballot proposal that will ask voters to approve a 0.5% real estate transfer tax that would go to a community housing opportunity fund will be held in East Hampton Town on Friday and the October 15.

Friday from 6-8 p.m. at LTV Studios in Wainscott, LTV’s Matthew Lownes will host a panel discussion on the ballot proposal. The panel will include Supervisor Peter Van Scoyoc, City of Southampton Supervisor Jay Schneiderman, Assemblyman Fred W. Thiele Jr., State Senator Anthony Palumbo, Suffolk County Legislator Bridget Fleming and Catherine Casey, executive director of the East Hampton Housing Authority.

Panelists will discuss the Community Housing Opportunity Fund and affordable housing in general and answer questions from the audience.

The forum is free and open to the public. It will be recorded and shown on Channel 22 and on LTV’s YouTube page afterwards. Questions for the panel can be emailed to [email protected] with “CHF Forum” in the subject line.

“We have all felt the impact of the post-Covid housing boom in our community,” Lownes said in a statement, “and LTV wants to provide citizens with the opportunity to be prepared and informed ahead of the November election.” .

Mr. Thiele and Ms. Casey will be among the panelists when the East Hampton Democratic Committee and East End YIMBY co-host a rally at the Clubhouse on Daniel’s Hole Road on October 15 from 5-7.30pm. There will be live music. , cocktails and hors d’oeuvres from 5-5:45 p.m., after which Scott Rubenstein, owner of the Clubhouse, will deliver the keynote address.

Along with Mr. Thiele and Ms. Casey, Kathy Byrnes, Manager of the Windmill Housing Development Fund, and Pamela Greinke, Deputy Director of Provisions Natural Foods, will discuss the ballot proposal from 6 p.m. to 6:45 p.m. A question and answer session will follow .

East End YIMBY (“Yes in My Backyard”) will distribute material. Those planning to attend have been encouraged to bring their children, who are eligible for a 50% discount for mini golf and the games arcade.

The 0.5% real estate transfer tax, if voters approve it on November 8, would be in addition to the 2% transfer tax on real estate transactions that goes into the community preservation fund. The Peconic Bay Area Community Housing Act, signed into law last year, allows the five East End towns to establish community housing funds to be funded by this transfer tax. If passed, it would become operational in January 2023.

If the referendum passes, buyers of a property would pay the 0.5% transfer tax, with the first $400,000 exempt up to $2 million, beyond which the full purchase price would be taxable . First-time buyers would be exempt.

The money could be spent in a number of ways, from buying land and buildings, to city-led or public-private construction projects for sale or lease, to rehabilitating existing buildings, to down payment and to other financial assistance for buyers, to loans to build secondary secondary housing, the creation of housing for employees of local businesses, the purchase of individual housing within existing collective complexes and housing advice.

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