Complex Is At A Standstill

East Hampton Housing Authority members will get an update on the Avallone apartments in Montauk and on the progress, or lack of it, at the Accabonac affordable housing project in East Hampton, at their monthly meeting on Monday at 11 a.m.

The 50-unit Accabonac apartment complex has been under construction for more than a year and a half, funded by more than $4 million in town-backed loans, plus a Federal subsidy, and revenue from the $3.15 million sale of Federal tax credits to the Bank of New York.

Now, just months away from completion, the East Hampton Housing Authority's second affordable housing project is at a standstill and in danger of losing its single biggest investor.

The authority will grapple with these issues and attempt to find solutions Monday. The meeting will be held in the Emergency Services Building behind Town Hall.