Alana Schwab and her boyfriend Nathaniel Golz want to make a home together on the North Fork, where Mr. Golz was born and raised.
They’re both in their early thirties and employed full-time — she’s an office manager for a financial investment firm in Riverhead and he works for a construction company. They were pre-approved for an FHA mortgage on a home costing up to $425,000. READ
Newly proposed legislation would pave the way to allow East End towns to establish a fund that would assist first-time homebuyers with up to half of the purchase price. READ
A house for sale in Cutchogue. (Credit: MLSLI)
State lawmakers passed a tax break for first-time homebuyers in Southold Town last week, exempting them from paying the 2 percent Community Preservation Fund tax on mortgages.
But don’t expect the same in Riverhead anytime soon.