163 Atlantic Road, Gloucester, MA

AFFORDABLE HOUSING LOTTERY

— www.sebhousing.com —

$301,400 for a 3BR townhome (condo fees are $365/month)

The townhome is expected to be ready for purchase in the Fall of 2022.

This is a lottery for one affordable 3BR townhome at 163 Atlantic Road, a new subdivision of 11 homes located steps from the ocean and just minutes from Good Harbor Beach and downtown Gloucester. The affordably priced home contains 2,555 square feet and 5 bathrooms (3 full, 2 half). The townhome is a three-story residence which includes a deck with ocean views, a patio overlooking conservation land, an electric fireplace, and a single car attached garage. The interior features laundry hook-up, two-zone gas heating system with air conditioning, and tankless water heater. The kitchen has stainless steel appliances and designer countertops. The exterior of the home is cedar shingle with clapboard and the yard is professionally landscaped. The homeowner is responsible for taxes, insurance, and all home utilities and maintenance. A fee of $365/month covers common area insurance, maintenance, landscaping, and snow removal.

The one (1) affordable home will be sold at an affordable price to households with incomes at or below 80% of the Area Median Income.

Maximum Household Income Limits:
$78,300 (1 person), $89,500 (2 people), $100,700 (3 people), $111,850 (4 people), $120,800 (5 people), $129,750 (6 people)
The Maximum Household Asset Limit is $75,000.

Completed Applications and Mortgage Pre-Approvals must be received, or postmarked, by 2:00pm on August 29, 2022.

Applications and Pre-Approvals postmarked by the deadline must be received no later than 5 business days from the deadline.

A Public Info Session will be held August 1, 2022 at 6:00pm via Zoom. To join, go to Zoom.com, Join, and enter Meeting ID: 818 9317 7595, Passcode: 088159 or join by conference call (425) 436-6200, Code: 862627

The Lottery will be held on September 12, 2022 at 6:00pm via Zoom. Go to Zoom.com, Join, and enter Meeting ID: 857 2736 5609, Passcode: 276410 or join by conference call (425) 436-6200, Code: 862627

For Lottery Information and Applications, or for reasonable accommodations for persons with disabilities, go to www.sebhousing.com or call (617) 782-6900 (x2) and leave a message, or postal mail SEB Housing, 257 Hillside Ave, Needham MA 02494. Free translation available. Traducción gratuita disponible.

Equal Housing Opportunity