40B- Stoughton - over 55 Townhouse Condo at the Village at Ames Pond - This 40B home has excellent features! It is income restricted. See eligibility requirements below.
Features:
2 bedrooms -- 2.5 bathrooms -- 1842 square feet of living space -- 1 car garage -- 2 car driveway full basement-- central air conditioning -- gas heat -- municipal water and sewer --
*refrigerator and washer and dryer are NOT included in sale but are negotiable
PRICE: $252,600
Eligibility Criteria
Household cannot exceed the annual income of: 1 Person - $70,850 2 Person - $80,850 3 Person - $90,950 4 Person - $101,050
Household cannot have more than $275,000 in assets, including equity from the sale of another property. Household must contain a member 55 years of age or older.
Applicants must be first-time homebuyers or have sold their property before closing
Application available at Mass Access site, HERE by clicking above on download application or by email - contact Missy & Ruth. FHA mortgages can not be used - must be a conventional loan or Mass Housing. Property flyer available above as well. 2 bedrooms, 1.5 bath, 2 parking spots, full basement, pet friendly (restrictions apply.)
**SEE BELOW THE PHOTOS FOR CHAPA SELECTION PROCESS EXPLANATION**
Features:
2 bedrooms -- 2.5 bathrooms -- 1842 square feet of living space -- 1 car garage -- 2 car driveway full basement-- central air conditioning -- gas heat -- municipal water and sewer --
*refrigerator and washer and dryer are NOT included in sale but are negotiable
PRICE: $252,600
Eligibility Criteria
Household cannot exceed the annual income of: 1 Person - $70,850 2 Person - $80,850 3 Person - $90,950 4 Person - $101,050
Household cannot have more than $275,000 in assets, including equity from the sale of another property. Household must contain a member 55 years of age or older.
Applicants must be first-time homebuyers or have sold their property before closing
Application available at Mass Access site, HERE by clicking above on download application or by email - contact Missy & Ruth. FHA mortgages can not be used - must be a conventional loan or Mass Housing. Property flyer available above as well. 2 bedrooms, 1.5 bath, 2 parking spots, full basement, pet friendly (restrictions apply.)
**SEE BELOW THE PHOTOS FOR CHAPA SELECTION PROCESS EXPLANATION**
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Chapter 40B Buyer Selection and Approval Process
Submitting Your Application: Please submit the complete application via a secure electronic method. DO NOT SEND THE APPLICATION OR ANY FINANCIAL DOCUMENTS VIA REGULAR EMAIL ATTACHMENT. If you have any questions or encounter difficulties with submitting your application, please email dgasser@chapa.org or call (617) 701-7498. Upload the application and documents via Dropbox: http://bit.ly/ResaleApplication
After You Submit:
**Lottery period is over... If your application is complete and received within the initial collection period, it will be entered into a selection ranking lottery with other applications. The highest-ranked application will be reviewed, and if eligible, provided the first opportunity to move forward with purchase. Lower ranked applications will be maintained on a waiting list.
If your application is complete and no other applications were received during the initial collection period, your application will be reviewed on a first-come, first-served basis.
If your application is not complete, every effort will be made to notify you of any additional information or documentation needed, but CHAPA cannot guarantee any review of applications before a deadline. PLEASE THOROUGHLY REVIEW YOUR APPLICATION BEFORE SUBMITTING.
Chapter 40B Buyer Selection and Approval Process
1. CHAPA, its Resale Consultant, or seller’s real estate agent will begin to advertise the property, making the Resale Application available to all interested households. Households should review the application and available materials to make sure they meet all eligibility criteria.
2. Interested households should work to submit a complete Resale Application as soon as possible. An application will be considered complete once all pages are filled out and all supporting documents are submitted. Applications must be submitted to the location listed on the Resale Application.
3. If more than one complete Resale Application is received within the first ten days of marketing, CHAPA will conduct a lottery to determine the order in which applications will be reviewed. All marketing materials, including the application, will clearly state the deadline for when complete applications will qualify for the lottery.
** If only one complete application is received or no complete applications are received during the initial collection period, applications are then treated on a first-come, first-served basis for the remainder of the affordable marketing period.
4. Reasonable efforts will be made to notify applicants if an application submitted more than two days before the deadline is incomplete. CHAPA and/or its Resale Consultants cannot guarantee review of the applications before the deadline, so applicants are encouraged to thoroughly review their own application before submitting.
5. Once the initial collection period has ended, all complete applications will be assigned an identification number. CHAPA will conduct a lottery with all applications being ranked by the order in which they are drawn. No preference is given to any eligibility criteria; the selection is random. Applicants will be notified of their ranking.
6. CHAPA will review the first randomly drawn application first. If the applicant meets all eligibility criteria, the household will be approved to purchase the property and will be notified of their next steps. If the applicant is ineligible or decides not to move forward with purchase, CHAPA will then review the next-chosen application. a. If CHAPA requests additional information or documentation from the applicant in order to verify their eligibility, the applicant will have 48 hours to respond. If the request is not met, CHAPA will move on to the next applicant. b. If no eligible buyer is found during the lottery process, new applications will be reviewed on a first-come, first-served basis.
7. The property owner will be notified when CHAPA approves a buyer and the parties can proceed with the sale of the home: offer, purchase and sale agreement, inspections, etc. If you have any questions, please contact David Gasser at (617) 701-7498
PLEASE THOROUGHLY REVIEW YOUR APPLICATION BEFORE SUBMITTING.
If you have any questions, please contact David Gasser at (617) 701-7498 or dgasser@chapa.org
Submitting Your Application: Please submit the complete application via a secure electronic method. DO NOT SEND THE APPLICATION OR ANY FINANCIAL DOCUMENTS VIA REGULAR EMAIL ATTACHMENT. If you have any questions or encounter difficulties with submitting your application, please email dgasser@chapa.org or call (617) 701-7498. Upload the application and documents via Dropbox: http://bit.ly/ResaleApplication
After You Submit:
**Lottery period is over... If your application is complete and received within the initial collection period, it will be entered into a selection ranking lottery with other applications. The highest-ranked application will be reviewed, and if eligible, provided the first opportunity to move forward with purchase. Lower ranked applications will be maintained on a waiting list.
If your application is complete and no other applications were received during the initial collection period, your application will be reviewed on a first-come, first-served basis.
If your application is not complete, every effort will be made to notify you of any additional information or documentation needed, but CHAPA cannot guarantee any review of applications before a deadline. PLEASE THOROUGHLY REVIEW YOUR APPLICATION BEFORE SUBMITTING.
Chapter 40B Buyer Selection and Approval Process
1. CHAPA, its Resale Consultant, or seller’s real estate agent will begin to advertise the property, making the Resale Application available to all interested households. Households should review the application and available materials to make sure they meet all eligibility criteria.
2. Interested households should work to submit a complete Resale Application as soon as possible. An application will be considered complete once all pages are filled out and all supporting documents are submitted. Applications must be submitted to the location listed on the Resale Application.
3. If more than one complete Resale Application is received within the first ten days of marketing, CHAPA will conduct a lottery to determine the order in which applications will be reviewed. All marketing materials, including the application, will clearly state the deadline for when complete applications will qualify for the lottery.
** If only one complete application is received or no complete applications are received during the initial collection period, applications are then treated on a first-come, first-served basis for the remainder of the affordable marketing period.
4. Reasonable efforts will be made to notify applicants if an application submitted more than two days before the deadline is incomplete. CHAPA and/or its Resale Consultants cannot guarantee review of the applications before the deadline, so applicants are encouraged to thoroughly review their own application before submitting.
5. Once the initial collection period has ended, all complete applications will be assigned an identification number. CHAPA will conduct a lottery with all applications being ranked by the order in which they are drawn. No preference is given to any eligibility criteria; the selection is random. Applicants will be notified of their ranking.
6. CHAPA will review the first randomly drawn application first. If the applicant meets all eligibility criteria, the household will be approved to purchase the property and will be notified of their next steps. If the applicant is ineligible or decides not to move forward with purchase, CHAPA will then review the next-chosen application. a. If CHAPA requests additional information or documentation from the applicant in order to verify their eligibility, the applicant will have 48 hours to respond. If the request is not met, CHAPA will move on to the next applicant. b. If no eligible buyer is found during the lottery process, new applications will be reviewed on a first-come, first-served basis.
7. The property owner will be notified when CHAPA approves a buyer and the parties can proceed with the sale of the home: offer, purchase and sale agreement, inspections, etc. If you have any questions, please contact David Gasser at (617) 701-7498
PLEASE THOROUGHLY REVIEW YOUR APPLICATION BEFORE SUBMITTING.
If you have any questions, please contact David Gasser at (617) 701-7498 or dgasser@chapa.org