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Affordable Housing Trust Committe

Posted on: March 26, 2019

AFFORDABLE OWNERSHIP HOUSING LOTTERY - Hospital Road

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Lottery Information

Chapel Hill Landing

Medfield, MA

Chapel Hill Landing is a new 49 unit development offering a mix of 13 three and four bedroom single family homes, duplexes and triplexes, for eligible first time homebuyers (certain exceptions apply). The development is located off Hospital Road in Medfield. The single-family homes include 3 or 4 bedrooms, 2 ½ baths and a 2 car garage in approximately 2247 or 2494 sq. ft. The duplexes include 3 or 4 bedrooms, 2 ½ baths and a 1 car garage in approximately 1,729 – 2400 sq. ft. The triplexes include 3 bedrooms, 2 ½ baths in approximately 2,192 sq. ft. Refrigerator, stove/oven, microwave and dishwasher are included along with laundry hookups. The units will be distributed through 2 lotteries. This application is for the first lottery which includes 9 units.

The maximum sales price for the affordable units are: 3 Bedrooms - $228,900 and 4 Bedrooms - $241,500. The monthly HOA fee is $106 for the 3 bedroom units and $116 for the 4 bedroom units. The 2019 tax rate is $17.87 per thousand. The units will be sold by lottery as outlined in the attached package. Please review the enclosed information packet in detail and complete the application and disclosure statement at the rear of the packet.

PLEASE NOTE: All applicants must include a mortgage pre-approval letter, from an institutional lender familiar with affordable deed restrictions, and complete financial documentation with the application. An application will be considered incomplete and will not be included in the lottery if a mortgage pre-approval letter and all documentation is not received on or before the application deadline. Applicants who submitted an incomplete application will be notified after the application deadline and will NOT be included in the lottery. An FHA or VA loan are not acceptable as they do not close on Deed Restricted properties.

Applicants may drop off their complete application with all financial documentation and a mortgage pre-approval to our Harvard office. We will review your application for completeness while you wait. If you are missing documentation you will have the opportunity to provide prior to the application deadline.

OPEN HOUSE and APPLICATION CONSULTATION: Tuesday, April 30, 2019, 5:00 – 7:00 p.m., 31 Sunset Way & 4 Stoneridge Way

A Public Information Meeting has been scheduled to be Thursday April 25th at 6:30 p.m. in the Second Floor Meeting Room at the Medfield Town Hall at 459 Main Street in Medfield to answer specific questions and provide an overview of the process. If you cannot attend this meeting please call MCO Housing Services at 978-456-8388 with any questions.

Applications may be mailed to MCO Housing Services, P.O. Box 372, Harvard, MA 01451. The application deadline is May 23, 2019. All complete applications must be postmarked on or before May 23rd to be included in the lottery. The lottery will be held 6:30 p.m. Wednesday June 5th in the Second Floor Meeting Room at the Medfield Town Hall.


Application Packet...
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