Featured Story
02/05/19 2:00pm

COURTESY PHOTO

Shelter Island real estate professionals are unanimous in their optimism about the 2019 market.

Coming out of 2018, with a steep downturn in Community Preservation Fund (CPF) revenues of 44.6 percent from 2017, they see an upswing as deals that closed late in 2018 begin to flow through the pipeline to give a boost to the first quarter of this year.

Money for the CPF comes from a 2-percent tax buyers pay when purchasing East End properties and is used as a concrete market indicator of sales and revenues. (more…)

Featured Story
02/01/19 12:00pm

ILLUSTRATION GETTY IMAGE/iStock

New legislation introduced by Assemblyman Fred Thiele (I-Sag Harbor) could allow the five East End towns to establish a Town Community Housing Fund.

If created, the fund could be used to provide financial assistance to first-time homebuyers; create opportunities for owning and rental housing; and rehabilitate existing buildings for community housing. (more…)

Featured Story
01/04/19 2:00pm

REPORTER FILE PHOTO
New York Governor Andrew Cuomo

Two bills sponsored by Assemblyman Fred Thiele Jr. (I-Sag Harbor) and State Senator Kenneth LaValle (R-Port Jefferson) will expand water quality protection efforts under the Peconic Bay Region Community Preservation Fund now that they’ve been signed by  Governor Andrew Cuomo. (more…)