HomeMy WebLinkAboutHousing Registry Instructions - Age Restricted (55+) Instructions for Town of Southold Housinq Reqistr¥
August 2012
To be completed by heads of households seeking assistance for
AGE RESTRICTED (55+) housinq for seniors.
The Town of Southold's Housing Registry for seniors collects information for
those seeking affordable housing opportunities such as rental properties, home
ownership, housing grants and loans, and other assistance. By completing
this Housing Application, your name will be maintained within a database-
The Town of Southold Housing Registry. The Registry also serves as a
clearinghouse to establish eligibility, as defined below. All housing
registrants will be required to submit appropriate documentation.
The Town Board has established the following criteria for priority consideration
as follows, noted below in order of priority:
(1) Income eligible individuals or families where the head of household
is age 55 or over, who have had a primary residence in the Town of
Southold for a period of at least five (5) years prior to the
submission of the application, and do not own real estate.
Household annual income may not exceed 80% of the HUD median
income for Suffolk County and net worth may not exceed twice the
price of the unit to be purchased.
(2) Income eligible individuals or families where the head of household
is age 55 or over, who have had a primary residence in the Town of
Southold for a period of at least five (5) years prior to the
submission of the application, and do not own real estate.
Household annual income may not exceed 100% of the HUD
median income for Suffolk County and net worth may not exceed
twice the price of the unit to be purchased.
(3) Income eligible individuals or families where the head of household
is age 55 or over, who have had a primary residence in the Town of
Southold for a period of at least five (5) years prior to the
submission of the application, and who will be divested of all real
estate holdings within 90 days of the contract execution with project
sponsor (such 90 day period may be extended by resolution of the
Town Board). Household annual income may not exceed 80% of
the HUD median income for Suffolk County and net worth may not
exceed twice the price of the unit to be purchased.
(4) Income eligible individuals or families where the head of household
is age 55 or over, who have had a primary residence in the Town of
Southold for a period of at least five (5) years prior to the
submission of the application, and who will be divested of all real
estate holding within 90 days of the contract execution with project
sponsor (such 90 day period may be extended by resolution of the
Town Board). Household annual income may not exceed 100% of
(5)
(6)
the HUD median income for Suffolk County and net worth may not
exceed twice the price of the unit to be purchased.
Income eligible individuals or families where the head of household
is age 55 or over, who have had a residence in the Town of
Southold for a period of at least five (5) years prior to the
submission of the application, and who will be divested of all real
estate holding within 90 days of the contract execution with project
sponsor. Household annual income may not exceed 100% of the
HUD median income for Suffolk County and net worth may not
exceed twice the price of the unit to be purchased.
Other income eligible applicants age 55 or over whose household
annual income may not exceed 100% of the HUD median income
for Suffolk County and net worth may not exceed twice the price of
the unit to be purchased.
Please be advised that the Town of Southold can make no obligations or
promises to provide housing upon receipt of this application, or thereafter.
If you are applying for housing, please be sure that your household qualifies as
indicated below:
· You are a United States citizen or with eligible immigration status and,
· Your annual household income is no greater than the following:
Household Size
Annual Income
01 $ 75,300
02 $ 86,000
03 $ 96,800
04 $ 107,500
Definitions: · ASSET- Includes real property holdings and equity, personal property (car, boat,
etc.) valued in excess of $10,000, savings, cash, IRA's, 401 k, and any federally
recognized tax deferred vehicles.
· HEAD OF HOUSEHOLD-The adult member of the family who is the head of
the household for purposes of determining income eligibility.
· HOUSEHOLD - The family and live-in-aide, if applicable.
· PRIMARY RESIDENCE- The address listed on Federal Income Tax return.
Note: Additional criteria for selection may be determined by housing sponsors and
funding sources requiring different income levels, assets and ages for household
members (62+, etc.). The aforementioned income guidelines represent 100% of the
Nassau/Suffolk median income.
Please return this fully completed application to:
Phillip Beltz, Special Projects Coordinator
Town of Southold
Post Office Box 1179
Southold, New York 11971
If you have any questions, please contact Mr. Beltz at # 631-765-5806.