ILLUSTRATION GETTY IMAGE/iStock | Affordable housing is back in the news on Shelter Island.
The developer who proposed a community housing project on a 0.31-acre lot in the Center that didn’t pass muster with the Town Board last month, believes no affordable housing proposal will ever be endorsed.
“They will not support it — period,” Janalyn Travis-Messer told the Reporter, referring to any community housing — often called workforce or affordable housing — initiative that reaches the Town Board for approval. In creating the Community Housing Board (CHB) eight years ago, the Town Board just wanted to do something that would sound “warm and fuzzy,” but never intended to allow a project to be developed, she said. “NIMBYism lives.” (more…)
PHOTO COURTESY SOTHEBY’S INTERNATIONAL REALTY This Queen Anne mansion set on a 4.8-acre Nostrand Parkway estate has a price tag of $32 million.
“Situated beyond the contamination of air and water due to great cities, upon the shores of clear salt water over a sand and pebbly bottom, near no large meadows, free from malaria, the air being pure, dry and balmy, this place offers a retreat for all who wish to retain or regain their health.”
So reads an 1894 ad published in the New York Daily Tribune touting the benefits of a home in a new development called West Neck Park on Shelter Island. Although there were originally plans for hundreds of cottages, according to a historical map, only a handful of houses were actually constructed.
But more than 120 years later, one of those homes — an exquisitely preserved Queen Anne mansion set on a rolling 4.8-acre estate — has hit the market for $32 million. (more…)
Following a lengthy public hearing Friday afternoon and a long discussion at Tuesday’s work session, it remains unclear whether the first-ever affordable rental proposal will gain approval from the Shelter Island Town Board. (more…)
KATHRYN O’HAGAN PHOTO
The last of St. Gabriel’s Chapel caught by Kathryn O’Hagan during demolition this week after her efforts to raise money to relocate the structure failed.
Gone, but not forgotten. (more…)
REPORTER FILE PHOTO |
When British citizens voted in late June to leave the European Union, the referendum sparked fear in the global economy, prompting investors to sink their money into options long thought to be secure, such as treasuries.
In doing so, they benefited American homeowners by helping to further lower already plummeting interest rates on home mortgages. This makes it a good time to potentially lower your monthly payment by refinancing. (more…)