How is the Community Housing Fund financed?
  • The primary source of funding are revenues derived from a 0.5% real estate transfer fee paid by the purchaser – not the seller - similar to the Community Preservation Fund transfer fee.
  • The Fund is not financed from property taxes.
  •  All revenues received by the Town from the repayment of a Community Housing Fund loan will be deposited back into the fund.

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1. What is the Peconic Bay Region Community Housing Act?
2. How is the Community Housing Fund financed?
3. Are there exemptions from paying the real estate transfer fee?
4. What is Community Housing?
5. How can the Community Housing Fund money be used?
6. How will the Community Housing be kept affordable?
7. Who decides what the Community Housing Fund is used for?
8. How was the Community Housing Fund created?
9. How can I share my opinion?
10. Where can I get further information?