At their Feb. 8 meeting, the members of the Municipal Affordable Housing Trust (MAHT) called attention to a homeownership opportunity available now.
The deadline to apply for the condo at 4 Carter Way is Feb. 16 with a lottery to be held on February 26.
Click this link to view, print, or download the flyer describing the home.
The property is part of the 8-home condominium community developed by Habitat for Humanity of Greater Lowell.
The purchase price to an eligible buyer is $219,698. Owners are required also to pay a $75 monthly condominium fee and property taxes estimated at $248/month. The maximum gross household income will be verified and compared to the HUD 2020 60% area median income (AMI) limits, which are as follows:
- 1 person- $49,980
- 2 person- $57,120
- 3 person- $64,260
- 4 person- $71,400
- 5 person – $77,112
- 6 person – $82,824
The asset limit for this development is $75,000 First Time Homeowner (with some exceptions), Mortgage Pre-Approval.
The 3-bedroom, 1-bath home contains 1,400 square feet of living space on a single floor. There is a deck, and also a basement. The home is sold with a refrigerator, range/oven, and dishwasher included.
For more information contact the Regional Housing Services Office, (on behalf of the Town of Bedford) at 978-287-1092 or email [email protected]. Visit the RHSO website, http://www.rhsohousing.org/affordable-housing-opportunities.
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I’ve always admired the project on Carter Way. Every time I drive by, I think: why doesn’t Bedford have like, 20 of these?