Cohousing-L Mailing List: Re: Affordable Cohousing

[Catya Belfer-Shevett (catya]

Hi everyone,

I wanted to let folks know we just got our prices, and are now able to 
take applications via our lottery agent, SEB.  you are not required to 
be a MA resident.  See http://www.s-e-b.com/lottery/forsale.php or call 
617.876.5919 ext 3

Prices:
    * $136,500 for a 1 bedroom home
    * $149,500 for a 2 bedroom home
    * $170,600 for a 3 bedroom home

See you at the conference!

        - catya


Catya Belfer-Shevett wrote:
> Hi everyone,
>
> Over the years I've been on this list, there has been a LOT of talk 
> about affordable cohousing.  So, I'm excited to share that there is 
> affordable cohousing in Massachusetts available at Sawyer Hill 
> (http://www.sawyerhill.org), aka Mosaic Commons and Camelot Cohousing.
>
> For people who know Massachusetts law, we're working under chapter 40b. 
> (See http://www.mosaic-commons.org/40b)
>
> We won't get final pricing for these units from the Department of 
> Housing and Community Development for another month or so, but it looks 
> like we will have:
>
> 1 bedroom units at around $135k
> 2 bedroom units at around $155k
> 3 bedroom units at around $170k
>
> The affordable units are awarded by lottery to people who qualify.  To 
> qualify, you have to make 80% or less of the median income for the area, 
> have $50k or less in assets (there are some exceptions), and you can't 
> have owned a house in the last three years unless you are over 55.
>
> Income limits as of 2007 are:
>    * $46,300 for a single person
>    * $52,950 for a 2 person household
>    * $59,550 for a 3 person household
>    * $66,150 for a 4 person household
>
> Preference is given to folks who live in the town we're building in, but 
> otherwise anyone in the country is on equal footing for the lottery - we 
> would LOVE to have more people committed to community join us!
>
> Please feel free to pass this along to people you know who might be 
> interested - it's a rare and exciting opportunity, and we hope folks 
> will jump on it :)
>
> For information about the communities, see our websites:
> - http://www.sawyerhill.org
> - http://www.mosaic-commons.org
> - http://www.camelotcohousing.com
>
> To apply for the lottery and get more specific information about the 
> affordable component, see http://www.s-e-b.com/lottery/forsale.php or 
> call 617.876.5919 ext 3
>
>     - catya

--
Catya Belfer-Shevett   ~   webmaster, www.cohousing.org
www.catya.org   ~   Cohousing in MA! www.mosaic-commons.org