Huntington, N.Y., Code of Ordinances ch. 74 (eCode360 ed. 2026) § 74-35
Affordable housing trust and agency fund
Operative Text
Any funds that are deposited and held under the control of the Town of Huntington pursuant to the General Municipal Law shall be deposited in the Affordable Housing Trust and Agency Fund for the purpose set forth in § 699-b(1)(c)(1) of the General Municipal Law, except that any monies not expended within three (3) years of the date such monies were collected shall be paid over to the Long Island Housing Partnership in compliance with § 699-b(1)(c)(iii) and (4) of the General Municipal Law.
Under Huntington, N.Y., Code of Ordinances ch. 74 § 74-35, certain funds collected and held by the Town of Huntington under the General Municipal Law must be deposited into a dedicated Affordable Housing Trust and Agency Fund. These funds are earmarked for the affordable housing purposes defined in state law. If any portion of those funds remains unspent after three years from the date of collection, the unspent balance must be transferred to the Long Island Housing Partnership as required by the General Municipal Law.
Plain English — not legal advice.
Developers or property owners who make payments to the Town of Huntington under affordable housing requirements governed by ch. 74 § 74-35 should be aware that those funds are held in a restricted trust account and are subject to a three-year expenditure deadline. Compliant operators typically maintain records of when such payments were made, since unspent funds are redirected to the Long Island Housing Partnership after that window closes. Understanding the fund's structure can help operators anticipate how their contributions are ultimately applied.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Section 74-35 of the Huntington Code establishes that affordable housing funds collected by the Town are held in a dedicated account and must be used within three years or transferred to the Long Island Housing Partnership. Tenants and housing advocates can monitor how these funds are deployed by reviewing public town records or attending municipal meetings where fund expenditures may be reported. Those with questions about whether affordable housing resources are being properly administered may consider reaching out to a local tenant-rights organization or the Town of Huntington directly.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 9, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
Effective Timeline
References Out
No outbound references recorded yet for this provision.
References In
Rules and statutes that cite this regulation