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Southold moves toward aiding homebuyers with purchase cap just under $1M

Southold Town inched closer to offering first-time homebuyers help with their down payments Tuesday — a long-awaited step toward tackling the North Fork’s affordable housing crisis. Town officials are proposing a $999,999 purchase-price cap for the program, which would provide eligible residents with down-payment assistance of up to 18% of a home’s price. “That’s the....

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