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CPF

Governor vetoes bill to establish affordable housing fund with new tax on luxury homes

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Legislation that would have authorized the five East End towns to establish affordable housing funds financed by a new real estate transfer tax of .5% was vetoed by Gov. Andrew Cuomo Friday.

Southampton Town accepting applications for water quality improvement projects

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Southampton Town will accept applications for the second round of CPF water quality improvement projects through March 15, 2019.

Preservation fund revenues rise in 2017, up 8.3 percent in Riverhead

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Real estate transfer tax revenues in 2017 reached the fourth highest total in the 19-year history of the program, Assemblyman Fred Thiele announced this week.

Second quarter home sales surge in Riverhead, boosting CPF tax revenues

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Second quarter sales in Riverhead Town topped $51 million, an increase of almost 19 percent over the second quarter of 2016.

In My Opinion Why you should vote ‘yes’ for Prop One – for land preservation and water quality

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Residents of the Town of Riverhead, you and I have what it takes to shape the future of our community, ensure our rural quality of life, and continue to protect our critical, natural resources.

Riverhead Town Board wrap: Riverhead (finally) finishes environmental review on EPCAL plan, OKs more $ for skate park

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Riverhead Town has completed a five-and-a-half-year environmental review process on a new development plan for its remaining property at the former Grumman facility in Calverton. The...

Riverhead Town prepares for debt refinance, will ask investors to refund land preservation bonds this summer

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Riverhead officials will head to Wall Street this summer, hoping to at least maintain the town's current credit rating.

Suffolk Closeup:The story behind the East End’s 2-percent transfer tax

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A look back on how one of the most successful land preservation programs in the U.S. took root.

New law: real estate transfer tax money can be spent on water quality projects; voter approval still needed

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The governor has signed a bill sponsored by Sen. Ken LaValle and Assemblyman Fred Thiele that would extend the community preservation fund through 2050 and allow towns to spend up to 20 percent of their CPF revenues on water quality projects. The measure must still be approved by voters.
2013 0615 farm stand schmitt field

Real estate recovery boosts CPF tax revenues in first 6 months of 2015 — but not in Riverhead, where revenues fall

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Peconic Bay region community preservation fund revenues are up 5.5 percent in the first six months of 2015 compared to the same period last...
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