Qualified first-time homebuyers are being encouraged to enter a new workforce housing lottery in the Town of Southampton. Applications must be submitted to the Long Island Housing Partnership by Feb. 28.
The lottery is for two newly constructed 3 bedroom/ 2 bath homes in Tuckahoe Woods that will sell for $332,400. The homes are located on Moses Lane and Magee Street.
The homes were built through the generosity and hard work of the Southampton Business Alliance Housing Initiative Corporation and the Southampton Business Alliance. The Town of Southampton donated the land.
Qualified buyers must be within the 2017-2018 income levels established by the U.S. Department of Housing and Urban Development.
Those guidelines are as follows: Income limitations apply according to the size of household and may not exceed:
Household Size-Maximum Income
Applications must be submitted with a non-refundable $50 application fee. Checks should be made payable and delivered to:
Long Island Housing Partnership, Inc.
180 Oser Avenue, Suite 800
Attention: Tuckahoe Woods Affordable Housing Program
Applicants meeting the requirements will be entered into a lottery and will then be required to complete a formal application for income and employment/credit information. Applicants must also attend mortgage counseling with the Long Island Housing Partnership, a certified HUD counseling agency, and qualify to obtain a mortgage.
Only those who have not owned a home, property or shares of a home or property during the past three years are eligible for the program. Questions about the lottery should be directed to the Long Island Housing Partnership at 631.435.4710 or the Town of Southampton Housing Office at (631) 702-1731. Applications can also be found on the Town’s website, www.southamptontownny.gov/housinglottery
The Lottery will be held March 15, 2018 at 2 p.m. at Southampton Town Hall.