HomeMy WebLinkAbout2025 Homeownership and Rental RatesDENIS NONCARROW
TOWN CLERK
REGISTRAR OF VITAL
STATISTICS MARRIAGE OFFICER
RECORDS MANAGEMENT
OFFICER FREEDOM OF
INFORMATION OFFICER
Town Hall, 53095 Main Road P.O.
Box 1179
Southold, New York 11971 Fax
(631) 765-6145 Telephone (631)
765-1800
www.southoldtownny.gov
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2025-545 WAS
ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON
JULY 8, 2025:
RESOLVED that the Town Board of the Town of Southold hereby sets the maximum initial
sales price and maximum allowable monthly rent for 2025 for affordable housing units as
follows:
Home Purchase Price May Not Exceed
Households earning 80% or less of the HUD $301,375*
median income for Nassau/Suffolk
Households earning 100% or less of the HUD $412,250**
median income for Nassau/Suffolk
Households earning 120% or less of the HUD $494,750***
median income for Nassau/Suffolk
* 2.5 times the 80% median income family of four - Nassau/Suffolk County ($120,550)
**2.5 times the 100% median income family of four - Nassau/Suffolk County ($164,900)
***2.5 times the 120% median income family of four - Nassau/Suffolk County ($197,900)
Monthly Rental Amounts May Not Exceed (utilities may or may not be included)
Efficiency $ 1,783***
One Bedroom $ 2,198***
Two Bedroom $ 2,541***
Three Bedroom $ 3,294***
Four Bedroom $ 3,535***
*** represents HUD fair market rental
Denis Noncarrow
Southold Town Clerk
RESULT: Adopted
MOVER: Councilman Doroski
SECONDER: Councilman Mealy
AYES: Supervisor Krupski, Jr., Councilwoman Doherty, Councilwoman Smith,
Councilman Doroski, Councilman Mealy
NAYES: None