PROGRAMS THAT ENCOURAGE THE PRODUCTION OF COMMUNITY HOUSING FOR RENTAL: OVERVIEW Rental units can help address the shortage of affordable housing in many of the Town’s hamlets.
A. ACCESSORY APARTMENT PROGRAM
Accessory apartments provide an additional option for housing that is typically more affordable than renting or buying a standalone unit. Accessory apartments can help accommodate individuals or families who may otherwise struggle to find suitable housing within their budget.
Income Eligibility: Household income of tenant must be at or below current Nassau/Suffolk AMI of 130%. No income limit required for homeowner.
No Interest Rate Loans for 20 years. Loan repayment begins year 2.
Owner Occupancy: Both the homeowner and tenant must occupy the apartment as their primary residence to prevent the units from being used for short-term rentals or investment purposes.
Workforce Housing: At least one Tenant must work at least 30 hours a week at a business located within the Town of Southampton.
Affordability Restrictions: The limit on the rent charged for the accessory apartment must comply with the Town rental guidelines to ensure that it remains affordable for renters.
