Fifteen new affordable homes were made available through Southampton Town last week.
The owners of the two bedroom, one-and-a-half bath condominium townhouses at Southampton Pointe were selected through a lottery drawing at Town Hall October 25. The Long Island Housing Partnership, a certified counseling agency, will notify participants with their ranking number and they will be asked to submit a formal application to purchase the home.
To be eligible, households must meet a median income under 2018-19 income levels established by the U.S. Department of Housing and Urban Development. Sale price of the home for people earning 80 percent of the median income — $74,700 for a family of two or $93,350 for a family of four — is $233,375, and for those earning 120 percent — $112,050 for a family of two and $140,050 for a family of four — the price is $350,125.
Fairfield Southampton LLC and Long Island Housing Partnership came together with the town to provide the homes at their given prices.
Applicants were required to submit lottery intake applications by October 12 to the Long Island Housing partnership. A total of 280 applications were received.
For questions about applying, which costs a $50 non-refundable fee, or the lottery, contact Long Island Housing Partnership at 631-435-4710.