Real Estate
2% transfer tax revenues rose in 2025 and .5% housing fund tax has raised $79M since 2023
Real estate transfer taxes raised more than $152 million for land preservation in the East End towns last year — and $29 million for housing since 2023.
Government
Riverside land purchase for affordable housing project could ‘set the scene’ for revitalization, Southampton officials say
Southampton Town held a public hearing Tuesday on a plan to use $2.4 million to purchase land for a new mixed-use affordable housing complex in Riverside that officials said could “set the scene” for revitalization plans there.
Government
Riverhead will not seek to establish half-percent transfer tax to fund affordable housing
There will be no ballot referendum this year in Riverhead to add a half-percent real estate transfer tax to build revenue for town-sponsored affordable housing opportunities, as the Town Board has determined that the town has enough affordable housing and the state law allowing East End towns to create a “community housing fund” is not meant for Riverhead.
