The Town of Huntington Community Development Agency is taking applications online through Wednesday, May 15 for the final 14 income-restricted Seasons at Elwood units at the age 55 and over community, with the drawing scheduled for May 29.
The Town of Huntington, in cooperation with the Huntington Community Development Agency, encourages all individuals who meet the eligibility guidelines to enter the lottery for the opportunity to purchase one affordable unit.
The 14 affordable units for sale at the Seasons at Elwood age 55-and-over community on Elwood Road in Elwood, New York include:
· The Elm: Seven (7) upper level units available to eligible applicants meeting the 120% AMI maximum income requirements, priced at $350,125, offering two (2) bedrooms and two (2) bathrooms. Estimated annual real estate taxes $3,580.53; estimated monthly condominium charges: $69.96; estimated monthly HOA fees: $510.35.
· The Fir: Seven (7) lower level units available to eligible applicants meeting the 80% AMI maximum income requirements, priced at $233,400, offering two (2) bedrooms and one and a half (1.5) bathrooms. Estimated annual real estate taxes $2,983.78; estimated monthly condominium charges: $69.96; estimated monthly HOA fees: $510.35.
The lottery selection will be held in Room 114 at Huntington Town Hall at 5 PM.
Priority will be given to applicants who are residents of the Town of Huntington or who are employed by a business or entity that maintains a verifiable physical location within the Town of Huntington, or non-residents who have parents, children, grandchildren or grandparents who are residents of the Town of Huntington. Applicants who do not meet the above criteria are also welcome to enter the Town’s affordable housing lottery.
This development is restricted to those who are 55 years of age or older. At least one owner must be 55 years of age or older at the time of the lottery application form and the owner must occupy the home as his or her main domicile. Applications must be submitted online and only one application per household will be accepted. Applications must be submitted online by May 15. A non-refundable application processing fee of $26.50 must be paid online with the submission of the application. Applicants must be able to qualify for a mortgage.
Eligible applicants will appear in list form on May 24, 2019, at http://www.huntingtonny.gov/
The units are expected to be move-in ready by the end of the year.
Questions regarding application guidelines can be directed to the Huntington Community Development Agency at (631) 351-2884.