East Hampton's Housing Authority's plans to build 50 affordable units on Route 114 represent a slow but vital step towards addressing the town's severe housing affordability crisis. This initiative is projected as the second affordable development in over a decade, aimed at assisting residents earning up to 130 percent of area median income, showcasing a collaborative effort to enhance housing options in a luxury-dominated market.
Executive Director Catherine Casey emphasized that efficient planning is essential for the success of the project, stating the importance of teaming up with a developer to navigate the complexities of building layout and community requirements, highlighting that 'there are still steps to be taken' before construction can begin, acknowledging the lengthy timeline that may span 12 to 18 months for necessary sitework and design.
The state-designation of East Hampton as a pro-housing community not only recognizes the town's efforts but also unlocks significant financial resources, as the town can access a $650 million fund for economic development. This financial backing could accelerate the affordable housing initiatives critical for supporting the local workforce, particularly as more than 500 prospective renters recently faced setbacks in securing affordable living options.
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