Lottery Information for Covered Bridge Condominiums affordable housing

Covered Bridge Condominiums, located at 219 – 223 Rice Road, offers 3 affordable one and two bedroom condominiums, by lottery, for eligible first-time homebuyers (certain exceptions apply). These homes include one or two bedrooms and 1 or 1 1⁄2 baths.

The purchase price has been set at $169,700 for a one bedroom condos and $186,300 for the two-bedroom condo. The units will be sold by lottery as outlined in the included package. Please review the information below 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. FHA and VA loans are not accepted. 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 that submitted an incomplete application will be notified after the application deadline. Applicants may deliver their application to our Harvard office. If you wait, we will review to make sure your application is complete. If documents are missing you will have time to provide prior to the application deadline.

OPEN HOUSE:
Saturday, May 19, 2018
10:00 a.m. – 12:00 p.m.
213 – 219 Rice Road

A Public Information Meeting will be held 6:30, Thursday, April 26, 2018 in the Raytheon Room at the Wayland Free Public Library located at 5 Concord Road, Wayland, MA 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 28, 2018. All complete applications must be postmarked on or before May 28th to be included in the lottery. The lottery will be held 6:30, Monday, June 11, 2018 in the Wayland Free Public Library.

Thank you for your interest in affordable housing at Covered Bridge Condominiums. If you have questions and cannot attend the Public Information Meeting, please contact MCO Housing Services at 978-456-8388 or email us at lotteryinfo@mcohousingservices.com. We encourage you to advise other people or organizations that may be interested in this program and make copies of the relevant information as needed.

 

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