[HISTORY: Adopted by the Town Board of the Town of East Hampton
as indicated in article histories. Amendments noted where applicable.]
[Adopted 12-2-1977 as Ch. 65, Art. I, of the 1977 Code]
As used in this article, the following terms shall have the
meanings indicated:
Moneys made available from the federal government through
the Suffolk County Community Development Program under Title 1 of
the Housing and Community Development Act of 1974.
Programs operated by the Farmers Home Administration, Federal
Housing Administration, the United States Department of Housing and
Urban Development in general, the New York State Division of Housing
and Community Renewal and such other programs as may be created for
the assistance of mortgage loans on single-family residential property.
As set forth in § 232-1-30 of the East Hampton Town Code.
[Amended 5-15-2003 by L.L. No. 11-2003]
The Town Board of the Town of East Hampton may grant a subsidy
from community development funds for road improvement units on single-family
residences financed with the aid of federal or state mortgage insurance.
Assistance to prospective homeowners from community development
funds will be made available to a mortgage insurance applicant only
when a federal or state mortgage insurance agency certifies to the
Town of East Hampton that said applicant is eligible for mortgage
insurance covering the cost of the housing unit to be constructed,
but that said applicant does not meet the agency's financial
qualification if the cost of required road improvements is included
in the mortgage amount.
[Amended 5-15-2003 by L.L. No. 11-2003]
In the case of mortgage applicants who meet the conditions specified in § 13-3, the Town of East Hampton may, by resolution, finance road improvement units required by the urban renewal plan adopted under Local Law No. 2 of 1976 or Chapter 232 of this Code using community development funds not in excess of $3,000 per dwelling unit to complete said road improvements.
This local law shall take effect immediately.
[Adopted 12-2-1977 as Ch. 65, Art. II, of the 1977 Code]
As used in this article, the following terms shall have the
meanings indicated:
Moneys made available from the federal government through
the Suffolk County Community Program under Title 1 of the Housing
and Community Development Act of 1974.
Programs operated by the Farmers Home Administration, Federal
Housing Administration, the United States Department of Housing and
Urban Development in general, the New York State Division of Housing
and Community Renewal and such other programs as may be created for
the assistance of mortgage loans on single-family residential properties.
The additional lots on an old filed map required to be joined
to other lots to form an urban renewal parcel, as required by Local
Law No. 2 of 1976, for use as a building lot.
A parcel created under the provisions of Local Law No. 2
of 1976 and administrative regulations pertaining thereto.
The Town Board of the Town of East Hampton may grant a subsidy
from community development funds for the purchase of additional lots
on an old filed map for use as building lots under programs assisted
by the federal or state mortgage insurance programs.
Assistance to prospective homeowners from community development
funds will be made available to a mortgage insurance applicant only
when a federal or state mortgage insurance agency certifies to the
Town of East Hampton that said applicant is eligible for a mortgage
or mortgage insurance covering the cost of the housing unit and possibly
road improvement units, but that said applicant does not meet the
agency's financial qualifications if the cost of acquiring the
additional necessary lots is included in the mortgage amount.
[Amended 5-15-2003 by L.L. No. 11-2003]
In the case of mortgage applicants who meet conditions specified in § 13-8 above, the Town Board of the Town of East Hampton may, by resolution, finance the acquisition of adjacent lots needed to form an urban renewal parcel required by an urban renewal plan adopted under Local Law No. 2 of 1976 or Chapter 232 of this Code using community development funds not in excess of $3,000 per prospective homeowner.
This local law shall take effect immediately.
