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Oct 8, 2009 11:07 AMPublication: The Southampton Press

Southampton Town plans housing lottery on October 14

Oct 8, 2009 11:07 AM

A workforce housing lottery for the Sagaponack Woods project will be held on Wednesday, October 14, at 10 a.m. in the Town Board Meeting Room at Southampton Town Hall. Lottery winners will be chosen from a pool of applicants administered by the Long Island Housing Partnership.

The property, located on Merchants Path in Sagaponack, was donated by the not-for-profit Southampton Business Alliance Housing Initiative Corporation. Sagaponack Woods is the first of the alliance’s planned workforce housing projects.

Ground-breaking on the property took place in June. Two energy-efficient homes with attached apartments are currently being built on the site.

According to Southampton Business Alliance Housing Initiative Corporation Chairman Anthony Panza, construction is expected to be completed by the end of the year and move-in dates for lottery winners should be shortly thereafter.

For more information, call 287-2287, or visit southamptonalliance.org.

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In this day and age when homes can be bought east of the Shinnecock canal for well under $300K (and they're just sitting on the market) at record low interest rates, can we finally put an end to these social engineering experiments once and for all? This economy has effectively created the affordable housing everyone has been asking for.
By HEJIRANYC (32), Sag Harbor on Oct 7, 09 12:58 PM
1 member liked this comment
Have you tried to qualify for a mortgage today? Clearly not. Do you make $40,000 a year? Clearly not. Did you know the mortgage payment on a $300,000.00 house with $50,000.00 down is upwards of $2,000.00 plus, depending on the interest rate? Apparently not. Do you know how difficult it is for a young family to come up with $50,000.00 cash? Again, your comment suggests otherwise.

If you think affordable housing is a "social engineering experiment" you are clearly out of your mind. ...more
By yearrounder (208), Southampton on Oct 7, 09 4:25 PM
Forgot to mention, while you were jumping up and down and stomping your feet about "socialism" you clearly neglected to read the article. The property was DONATED by the NOT FOR PROFIT Southampton Business Alliance. Will the ignorant fear-mongering never end?!
By yearrounder (208), Southampton on Oct 7, 09 4:28 PM
If they want affordable housing, change the zoning laws to allow the construction of non-mega-mansions. These housing lotteries are stupid, and will only give a handful of people affordable housing. If you want real change, change the restrictive zoning laws
By nicole (96), Hampton Bays on Oct 7, 09 7:31 PM
3 members liked this comment
An absolute waste of money, when the Town pays for the land. The town makes inordinate efforts to prevent people from building affordable houses in some areas for "environmental" reasons that would open up a lot of housing if zoned accordingly. These affordable housing projects are like swimming against a tide. Fundamental economics are going to place fluctuating values on housing at different parts of the business cycle. When public funds are spent on them it makes housing even less affordable ...more
By Funbeer (273), Southampton on Oct 8, 09 4:12 PM
PS: Can't qualify for a mortgage now? Wait a few years and keep saving your money for a bigger down payment. It's this immediate gratification / lack of long-term perspective that got us into the credit crisis in the first place. I have a client that makes $1M+ annually some years that could not get a mortgage for a small home. This is not an economic situation that just penalizes low-income folks - everyone is impacted, and lotteries favor a few at the expense of many.
By Funbeer (273), Southampton on Oct 8, 09 4:17 PM
Excuse me Yearround..BUT NO ONE helped most of us get our homes...we saved until we could afford a down payment..then we worked our butts off paying off a mortgage. Granted the houses didn't cost as much as today..nor were mortgage payments as high..BUT we certainly were not making big bucks either!!! We had one decent car..one klunker, our kids didn't wear designer jeans, the movies was a treat, eating out was a luxury, we weren't running up electric bills with TV's in every room, computers, ...more
By BeachGal (72), Hampton Bays on Oct 8, 09 6:30 PM
1 member liked this comment
Because no one helped you, you feel it is inappropriate for others to help those less fortunate? I am sorry for anyone who feels that way.
By yearrounder (208), Southampton on Oct 10, 09 3:45 PM
BeachGal, You so easily dismiss that fact that houses are now completely unaffordable and that it is nearly impossible for many working families to even qualify for a mortgage. Why the argument about designer jeans and TV's in every room? You are confusing issues. This is about affordable housing About giving someone the opportunity to achieve the American dream of home ownership in an extremely difficult market. This is about saving the middle class and keeping the young people who will one ...more
By dagdavid (646), southampton on Oct 10, 09 3:54 PM
And the 'small handful of lottery winners" will be the people who have learned to "play the system".......they did this in Central Islip many years ago, a friend applied and was not bestowed with a home because she didn't meet the criteria. She was not a recipient of welfare at any point(that was held against her) and she and her husband "made too much money"(32K/ year with 3 kids!). They weren't deemed needy enough....imagine that....so, she quit her job(because day care was $$) went on welfare, ...more
By MaryMac (43), Riverhead on Oct 9, 09 10:30 AM
You are completely and entirely misinformed. The housing IS NOT for people on welfare. In fact, you must be employed and able to qualify for a mortgage. So many of you screaming about affordable housing are simply wallowing in your own ignorance and fear. Get the facts and hope that you too do not one day need the help of others.
By yearrounder (208), Southampton on Oct 10, 09 3:47 PM
if you want a house here you gotta beg borrow and steal, and if you cant do it, move! but its not imposible. you just need to do it!!!
By ratboy (17), sousd-hampton on Oct 11, 09 6:19 PM