The Real Deal New York

Southampton draws first two names in affordable housing lottery

March 21, 2018 12:17PM

Southampton’s new affordable housing development Tuckahoe Woods has its first possible owners, after the town held a lottery drawing last week. Of the 252 people who applied, James White of Southampton and Jen Tabares of Hampton Bays will each have the chance to buy a newly built home for $332,400 — far less than the $1 million estimated market value. The lottery winners will need to prove they meet maximum income levels set by the Department of Housing and Urban Development before they are allowed to purchase the homes. [Southampton Press]