Affordable Housing Lottery for West Street Home
This West Street 2-family is available in an affordable housing lottery for qualified buyers. Photo courtesty Erica Schwarz.
A renovated two-family home on West Street is available in affordable housing lottery for an income-eligible buyer.
According to Medford Affordable Housing specialist Erica Schwarz, for a shot at the lottery applicants must meet federal guidelines for a first-time homebuyer, earn less than 80% of Greater Boston’s median income, and must fall under local preference guidelines.
The owner will live in the 3-bedroom duplex unit and will have to rent out the 2-bedroom unit to a low-income qualified tenant. The city will assist the landlord in finding a qualified tenant.
More information, including an application and qualifying guidelines, is available on the Medford Affordable Housing website.
Information sessions will be held Wednesday, September 26, from 5PM-6PM at the South Medford fire station and Thursday, October 4, from 7:30pm-8:30PM at City Hall.
The lottery will be held October 22 at 5PM at City Hall.
More on affordable housing…
The Home Ownership Preservation Partnership is holding a Mortgage Counseling and Check-up session on Saturday, September 29, from 1PM-3PM at the Williams School at 180 Walnut Street in Chelsea. Contact 617-889-2277 for more information.