Stonegate Village
Highlights
Stonegate Village is a new 14 unit town home development located on Pratts Junction Road in Sterling, MA. Four (4) affordable two bedroom town homes will be available by lottery to eligible first time homebuyers.
PLEASE NOTE: Complete financial documentation and a mortgage pre-approval are required to participate in this lottery. A list of the required financial documents are located on the left navigation bar. Your mortgage pre-approval letter must be through a bank. An online mortgage pre-approval letter or a letter from a mortgage company will not be accepted. Your application will be incomplete and will not be included in the lottery without complete financial documentation and a mortgage pre-approval postmarked on or before the October 26 application deadline.
Public Information Meeting: |
7:00 p.m., Tuesday, October 9, 2007
Sterling Town Hall
Room 201
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Application Deadline: |
October 26, 2007
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Lottery Date: |
7:00 p.m., Thursday, November 1, 2007
Sterling Town Hall
Room 205
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Affordable Price: |
$130,000
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Location: |
Pratt's Junction Road
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Town Website: |
www.town.sterling.ma.us
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Local Preference Guidelines*: |
- Current Sterling Resident
- Adult Child or Parent(s) of Current Sterling Resident
- Employed by the Town of Sterling
* Proof of local preference will be verified if you have the opportunity to purchase |
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Maximum Allowable Income: |
|
| Household Size |
1 |
2 |
3 |
4 |
| Max Allowable Income |
$40,800 |
$46,600 |
$52,450 |
$58,250 |
|
Total # of Units: |
14 |
# of Affordable Units: |
4 |
| |
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Unit Information: |
1.5 Bathrooms |
| |
1 car garage |
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