Housing Lottery Opens For Southampton Pointe
The Town of Southampton has announced a new housing lottery for 15 affordable homes at Southampton Pointe, located on Village Green Drive off County Road 39 in the Town of Southampton. The new condominium townhouses feature two bedrooms and one-and-a-half baths.
Eligible households must meet median income under 2018-2019 income levels established by the US Department of Housing and Urban Development. The sale price for the homes for people earning 80 percent of the median income is $233,375 and for those earning 120 percent of median income is $350,125. Median income levels are detailed below:
Family of four
80 Percent: $93,350
120 Percent: $140,050
Family of two
80 Percent: $74,700
120 Percent: $112,050
The homes are being offered through the cooperative efforts of Fairfield Southampton LLC, the Town of Southampton and the Long Island Housing Partnership.
Applicants must submit a new lottery intake application to the Long Island Housing Partnership in order to be entered into the lottery. The lottery will establish the ranking number to submit a formal application to LIHP for eligibility to purchase the home.
Applicants are required to:
- Pay a non-refundable $50 application fee
- Read the instruction packet carefully
- Meet deadline of 5 p.m. October 12, 2018
- Application and instructions are available at www.lihp.org
The public lottery will be held at Southampton Town Hall on October 25, 2018 at 3 p.m. Applicants do not have to attend the lottery to be placed on the ranking list.
The Long Island Housing Partnership, a certified HUD counseling agency, is conducting the lottery and application process for this program. For questions about the lottery and applications, please contact the Long Island Housing Partnership at 631.435.4710.
