Record last updated 2022/12/06 Comment on this info .Update this info

Narrative

Information about affordable home ownership opportunities available to income-eligible households developed under MA 40B legislation or local zoning initiatives.

Periodically, a new or previously occupied affordable condominium unit or house, developed by a 40B permit granted by the Town of Medway becomes available for purchase by an income qualified household. 40B units are typically distributed through a lottery system sometimes weighted for local preference and usually geared toward serving the largest size household appropriate for the number of bedrooms in the home. (E.G. a 2-bedroom home housing the head(s) of household in one bedroom and a dependent in the other will gain precedence over a single person household.) To enter a lottery, a detailed and site-specific application form is required. Forms are available from, submitted to and reviewed by an authorized Marketing/Lottery Agent particular to each offer. Applications are released once the property has been advertised according to Affirmative Fair Housing Marketing Plan. A public Q & A session is typically held 2 weeks after release of the application and the submission deadline 3 weeks later. 

Info for Medway and surrounding towns: http://www.townofmedway.org/affordable-housing/webforms/affordable-housing-information-request       

Service Types

• Financial Assistance

Program Type

• Housing

Populations Served

• Other See Narrative

Ages Served

• 23 – 59
• 60 +

Additional Information

• Fees: Free Service