New York State Assemblyman Fred Thiele announced Monday that the East Hampton Housing Authority will receive a $7 million Unified Funding award from the NYS Homes & Community Renewal for its affordable housing project at 531 Montauk Highway in Amagansett.
An overall $25.6 million in state funding from the program has been awarded to four affordable housing developments on Long Island that will create 239 affordable homes.
“I am thrilled that the East Hampton Housing Authority is getting the support it needs to build this affordable housing project in Amagansett,” said Mr. Thiele. “The availability of affordable housing opportunities for moderate income and working class residents is in short supply, and the adverse impacts from this shortage of housing opportunities must be addressed.”
The affordable housing project at 531 Montauk Highway in Amagansett will include 37 homes for families and individuals with incomes ranging from very low to moderate.
The project will feature a two-story common house, with a meeting space, kitchenette, a computer room and laundry facilities.
The 4.67 acre property is on the north side of Montauk Highway, between the IGA shopping center and the V&V service station.
The project is expected to include 12 one-bedroom, 12 two-bedroom and 13 three-bedroom units and will incorporate design features such as passive house energy efficiency, common greens, rain gardens, barrier free living, a transit-oriented site, mixed income levels through 130% of area median, pocket neighborhood aesthetics consistent with the surroundings, a community house, playground and bike rental kiosk.
The total cost of the project is $21.5 million, which is expected to come from several funding sources, including East Hampton Town, Suffolk County, and New York State, public and private funding sources, state and federal tax credits, and bonds to be issued. Suffolk County is expected to spend $1.13 million for an innovative septic system.
The Housing Authority expects the project to be finished sometime in 2021, and applications may be available in 2019. More details about the project are online here.
“We’re delighted that the Governor and the Commissioner of Homes & Community Renewal recognize the need for workforce housing here,” said Catherine Casey, Executive Director of the East Hampton Housing Authority. “Assemblyman Thiele’s support was a huge help, and we’re ready to move forward with a project that we’re certain will serve this community well. It’s what we need, when we need it.”