L.A. ASSOCIATES, INC.

Real Estate Development Services
 
Massachusetts Affordable Housing Deed Rider
1403 LORDS COURT, WILMINGTON - AFFORDABLE RESALE UNIT

Beautiful 3-Bedroom, 1½ Bath, unit offered to qualified first time homebuyers. Qualifications include household asset limit of $75,000, and the following household income limits: 1-person $70,750, 2-person $80,850, 3-person $90,950; 4-person $101,050, 5-person $109,150.

 

Features include town water and sewer, gas heat, vinyl siding, Pergo floors, updated kitchen, freshly painted interior, and finished basement. Appliances include refrigerator, range, microwave, dishwasher, garbage disposal and washer/dryer hookup.

 

Mortgage pre-approval required. Other restrictions apply.  Download the application below.

30 MAIN ST., #4, GEORGETOWN- AFFORDABLE RENTAL LOTTERY
The property includes 2 bedrooms, 2 baths, and approximately 995 square feet of living area. The unit is on the 2nd floor and the building does NOT have an elevator.  The unit will be rented to a qualifying applicant with income at or below 80% of the area median income as a Local Action Unit under the Department of Housing and Community Development (DHCD) Local Initiative Program.  The initial rental amount is $1,482.00/mo. not including utilities, which are estimated to be $317.00/mo.  Download the lottery information and application below.
140 MAIN ST., UNIT C, AMESBURY - AFFORDABLE LOTTERY

NEWLY RENOVATED 1-BEDROOM CONDO; SALE PRICE $207,300

The project at 140 Main St., Amesbury includes the conversion of an existing church structure to light manufacturing and office use, renovation of the former Rectory/Parsonage into 3 residential units, and the construction of two new structures; one 2 unit residential structure and a single unit residential structure.  One 1-bedroom unit will be sold by lottery to a qualifying applicant with income at or below 65% percent of the area median income.  FY 2021 tax rate is $18.25/000 and condo fee is $76.58/mo.


The 3 residential units in the former Parsonage building will each occupy one floor.  The affordable unit will be on the third floor and will consist of one bedroom, one bath, a kitchen, living/dining area, laundry hookup in the unit, and a storage bin in the basement.  The unit will include approximately 700 square feet of living area and have one assigned parking space.  The interior of the affordable unit will differ from the market rate units with regard to size, number of rooms, bathrooms, finishes, etc.  Utilities include electric heat and air conditioning, electric hot water, and municipal water and sewer.  Appliances include a stove, stove hood, dishwasher, refrigerator and laundry hookup.  Download the lottery information and application below.


________________________________________________________________


______________________________________________________________

Upcoming Affordable Housing Lotteries - Spring 2022

IPSWICH - Primrose Farms - Over 55 community;  6 new affordable detached home ownership units.


BERLIN - Southwood Commons - 3 new affordable detached home ownership units.

_________________________________________________________

For more affordable units in Massachusetts, go to:

www.massaccesshousingregistry.org