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New Housing Fund Brings in $4.2M in East Hampton

East Hampton Town’s new community housing fund, voted into law in November 2022 and financed by a half-percent tax on real estate sales paid by the buyer, has brought in $4.2 million in its first year, Eric Schantz, director of the Housing and Community Development Department, reported to the town board on Tuesday. The money is intended chiefly for affordable housing and to help first-time homebuyers.