Peconic Bay Community Preservation Fund and Community Housing Fund Revenues for the First Half of 2025 Total $89.5 Million
Revenues in both CPF & CHF funds increased from the first half of last year
Assemblyman Tommy John Schiavoni (D-Sag Harbor) today announced that the Peconic Bay Region Real Estate Transfer Tax generated $89.5 million in the first half of 2025. Of that, the Community Preservation Fund (CPF) generated $72.3 million while the Community Housing Fund (CHF) generated $17.1 million.
The CHF was approved by a 2022 voter referendum in the towns of East Hampton, Shelter Island, Southampton and Southold, establishing a .5% increase in the Peconic Bay Region Real Estate Transfer Tax. 2% of the tax going to the CPF and .5% going to the new CHF. The CHF was applied to real estate transactions going into contact after April 1, 2023.
Since January 2024, the Community Housing Fund has generated $47.7 million-est.
Since its inception in 1999, the Peconic Bay Region Real Estate Transfer Tax has generated $2.36 billion in total revenue.
| CPF | 24' 1st half-est | 25 1st half | change % |
|---|---|---|---|
| East Hampton | $20,164,302.98 | $23,672,085.02 | 17% |
| Shelter Island | $800,121.50 | $861,394.74 | 8% |
| Southampton | $33,045,293.88 | $38,037,829.35 | 15% |
| Southold | $4,597,345.38 | $5,855,497.02 | 27% |
| Riverhead | $4,631,203.20 | $3,943,438.70 | -15% |
| Total | $63,238,266.94 | $72,370,244.83 | 14% |
| CHF | 24 1st half-est | 25 1st half | |
|---|---|---|---|
| East Hampton | $5,041,075.75 | $5,918,021.25 | 17% |
| Shelter Island | $200,030.37 | $215,348.69 | 8% |
| Southampton | $8,261,323.47 | $9,509,457.34 | 15% |
| Southold | $1,149,336.34 | $1,463,874.25 | 27% |
| Total | $14,651,765.93 | $17,106,701.53 | 17% |
| CHF 2024-est & 2025 | |
|---|---|
| East Hampton | $16,014,947.94 |
| Shelter Island | $857,567.14 |
| Southampton | $26,722,223.15 |
| Southold | $4,117,507.30 |
| Total | $47,712,245.53 |