Southampton Town Housing Authority Closes On Future Sites Of Sandy Hollow Cove Apartments, Speonk Commons - 27 East

Real Estate News

Real Estate News / 1398905

Southampton Town Housing Authority Closes On Future Sites Of Sandy Hollow Cove Apartments, Speonk Commons

icon 6 Photos

DCIM100MEDIADJI_0264.JPG

DCIM100MEDIADJI_0271.JPG

authorAmanda Bernocco on Nov 17, 2017

After several years of anticipation, two affordable housing complexes in Southampton Town will soon break ground.

The town’s housing authority closed on the two properties—one in Tuckahoe that will be the site of a 28-unit affordable housing complex, Sandy Hollow Cove Apartments, and one in Speonk that will be the site of a 38-unit affordable housing complex, Speonk Commons—last week.

Bonnie Michelle Cannon, the chairperson of Southampton Town’s housing authority, said it was a good feeling to close on the land, noting that the future rental units will be used by the town’s workforce—including young adults just starting their careers, who want to live and work in the same community they grew up in.

“It’s been a long time coming,” Ms. Cannon said. “We’ve gone through at least four administrations to get this thing going.

“Folks need jobs, and folks need a place to live, and folks need something to eat,” she continued. “Those are hot buttons for me.”

The affordable housing communities will be the first of their kind in Southampton Town. Over the years, both projects received some push back from residents in surrounding neighborhoods.

In Speonk, developers had to ultimately reduce the number of apartments from 51 to 38 after complaints about the community’s environmental impact.

Once the number of units was decreased, the community was largely in support of the project, which cost an estimated $15.8 million.

The complex consists of six two-story buildings and 38 rental units, including 12 studios and 14 one-bedroom and 12 two-bedroom apartments, available to residents earning between 50 percent and 90 percent of the average median income for the area, as well as one manager’s apartment. One building will have a community room and laundry facility on the ground floor.

In order to get both applications approved, Southampton Housing Authority Executive Director Curtis Highsmith combined the Sandy Hollow project with Speonk Commons. Combining the projects also helped secure a state tax credit, as both complexes are partnerships between the Town Housing Authority and Georgica Green, a for-profit, Jericho-based company that builds affordable housing.

The Sandy Hollow project, estimated to cost $11 million, includes three two-story buildings with 28 rental units among them: 14 studios, and 12 one-bedroom and two two-bedroom apartments, available to residents earning between 50 percent and 90 percent of the area median income.

Mr. Highsmith said a deadline for the lottery applications has not been set yet, but the lottery will be properly advertised and all people on the affordable housing waiting list will be contacted.

He added he is happy that the projects are moving forward and will have people moving into the complexes in the near future.

“I’ve been getting phone calls, emails, people stopping me in the grocery store—they’re excited about the opportunity,” Mr. Highsmith said. “The excitement has been growing.”

He said that because of the complexes, more of Southampton Town’s workforce will be able to live closer to their jobs.

“The dream is starting to become more of a reality,” he said.

You May Also Like:

Town & Country Joins William Raveis

Town & Country Real Estate has joined William Raveis, the largest family-owned real estate firm ... 20 Dec 2024 by Brendan J. O’Reilly

Sagaponack Pondfront Estate Sells for $14 Million

After four years on the market, a pondfront modern estate in Sagaponack with ocean views ... 19 Dec 2024 by Staff Writer

Serhant Recognizes Top Performers

Serhant in Water Mill has announced its top agent awards for 2024. The No. 1 ... by Staff Writer

Water Mill Estate Sells for $7.25 Million

A Water Mill estate abutting an agricultural reserve has sold for $7.25 million, according to ... 13 Dec 2024 by Staff Writer

Sylvester Stallone Purchases East Hampton Residence for $25 Million

The sale of a new East Hampton residence by designer James Michael Howard and McAlpine ... 12 Dec 2024 by Staff Writer

Shingled Traditional in Bridgehampton Gets $13.49 Million

A shingled traditional in Bridgehampton designed by architect Kitty McCoy has sold for $13.49 million ... 10 Dec 2024 by Staff Writer

Ocean Road Estate Sells for $10.8 Million

A 2.25-acre Bridgehampton estate with a 7,000-square-foot shingled traditional main house and a 1,500-square-foot pool ... by Staff Writer

Emergency Housing Assistance Training Offered for Advocates

Legal Services of Long Island’s Legal Support Center for Advocates presents “Emergency Housing Assistance on Long Island” on Friday, December 6, from 1 to 2 p.m. on Zoom to learn about Department of Social Services services and procedures, as well as resources, when assisting a client in need of emergency housing assistance. Legal Services of Long Island, which has an office on the East End in Riverhead, focuses on the survival needs of people with low incomes and is devoted to preserving housing on Long Island. “Public benefit programs and the preservation of housing are priority areas,” the group’s website ... 3 Dec 2024 by Staff Writer

Historic South Main Street Residence Sells for $10.35 Million

An updated and expanded shingle-style house — the former Foster family homestead — in Southampton ... by Staff Writer

Moving Into the Next Phase of Life: Senior Housing Professionals Guide Late-Life Relocations

For retired people planning their next move, perhaps from a long-held home to senior housing, ... 27 Nov 2024 by Brendan J. O’Reilly