Cohousing Affordable Housing Open to Qualified Buyers

11 07 2008

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I’m signal boosting this message a bit. Our cohousing group (collectively Sawyer Hill Ecovillage, consisting of my group, Mosaic Commons and a second community, Camelot Cohousing) have just completed the state-mandated lottery for offering our affordable units to qualified buyers under the 40b Affordable Housing law. Because we did not have a full slate of applicants, the process is now thrown open to anyone who qualifies within the 40b limits.

If you’ve been interested in our project, and have held off because of the daunting numbers, now may be a perfect time to look into it. These units are being offered on a first come, first served basis.

We have 40b units available priced between $136k and $176k

The 40b limitations are:

  • Income limits between $46k/year and $76k/year, depending on number of family members.
  • Assets no more than $75k

Note there are a variety of exceptions for seniors, single parents, etc. See this web page for details.

We also still have a few market rate units for those families
who don’t meet the limits for the affordable units, so come
check us out: http://www.sawyerhill.org.

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