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Housing Crisis: ‘Our Community Is Unraveling’

One-quarter of households in East Hampton Town are spending at least half of their income on housing, and more than 70 percent of renters and more than 33 percent of mortgage holders are spending at least 35 percent of their income on housing. With that in mind, the town is drafting a community housing fund project plan to detail how proceeds from a new .5-percent transfer tax could be spent if voters approve the tax in November.