Are there exemptions from paying the real estate transfer fee?
  • The exemption will be $200,000 on properties of $2 million or less. 
  • Certain first-time homebuyers (depending on their household income and the purchase price of the property) are exempt from paying the transfer fee.

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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?