HomeMy WebLinkAbout06/08/2011 Town of Southold
Housing advisory commisSion
MEETING MINUTES
MEETING #59
June 08, 2011
Present: Nancy Pester, Daniel Sarnowski, John Vahey, Frederick Andrews, Beth
Motschenbacher, Michael Herbert, LeRoy Heyliger, & Jeanne Kelly, Phillip Beltz.
Excused/Absent: Rona Smith and Stephen Kiely
Approval of Minutes: Minutes approved for April 13, 2011.
Update of Resale of Cottaqes: A contract has been developed. There is another candidate who
completed Homebuyer education classes at CDCLI who would be next in line.
Habitat for Humanity Recap: The Southold library property will be very expensive to move, no
available land at reasonable cost and no available grant funding to assist.
Family Service Leaque, HomeShare LI Recap: Doreen Davidson reported that several
attendees were concerned about liabilities relating to home owners insurance. She researched the
issue and said it is not necessary to alter insurance for participation with HomeShare program. In
addition she reported that some attendees expressed interest and she will follow-up as necessary.
John Vahey- Federal Housin,cl Finance A,clency House Price Index (FHFAHPI): Discussion of
utilizing a different tool (FHFAHPI) for resale of housing units rather than the current tool of
Consumer Price Index as it does not reflect the change in real estate housing prices. The
FHFAHPI chart provided by John showed a significant decline that would make housing prices
depreciate rather than appreciate with time. In conclusion, HAC members will research additional
tools (John - Denver, Jeanne - East Hampton, etc.) for further discussion.
Review of Permanent Fixed Improvements Policy and PFIP Form: Tabled.
Settinq Affordable Sales Price and Apartment Rentals: HUD issued the 2011 income
guidelines and several rental guidelines but not the Federal HOME Low rental that guides the
Town's policy. Phillip will make comparisons with previous years.
Other: Discussion to sponsor a "housing resource fair" in the fall to feature the Town's accessory
apt. legislation, HomeShare LI, North Fork Housing Alliance, etc.
Distribution: Newsday 05.11.11 and Riverhead Local 05.06.11
Next Meetinq Date-July, 13, 2011
Respectfully submitted, Phillip Beltz