East Hampton is eyeing a new state modular housing program as a possible solution to a stalled town affordable housing development.

Officials are looking at the state Homes and Community Renewal’s Move-In NY program to develop Cantwell Court, a 16-lot affordable housing project on town land located less than a mile away from Town Hall off Pantigo Road. The state program provides subsidies and no-interest loans to municipalities and nonprofits to purchase and sell factory-built homes to income-eligible buyers.

Three 1,500-square-foot homes built as a part of Move-In NY’s pilot program — with three bedrooms and two bathrooms — cost roughly $250,000 each to build and install, and will be sold for less than that cost, the state said in a statement last month announcing the program’s launch

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