Public Information Meeting:

7:00 p.m., Thursday, January 17, 2008
Uxbridge Town Hall
1^st Floor Meeting Room

Application Deadline:

January 29, 2008

Lottery Date:

7:00 p.m., Thursday, February 7, 2008
Uxbridge Town Hall

Affordable Price:

$137,800

Mortgage Guidelines:

There are specific mortgage guidelines that must be met. They are:

• The loan must have a fixed interest rate through the full term of the mortgage.
• The loan must have a current fair market interest rate. (No more the 2 percentage points above the current MassHousing Rate.)
• The buyer must provide a down payment of at least 3%, 1.5% of which must come from the buyer’s own funds.
• The loan can have no more than 2 points.
• The buyer may not pay more than 38% of their monthly income for housing costs.

Location:

Douglas Road, Uxbridge, MA

Town Website:

www.uxbridge-ma.gov

Local Preference Criteria:

You must meet at least one of the following to be eligible for one of the four Local Preference units.

• Current Uxbridge Resident
• Employee of the Town of Uxbridge
• Parents or children of current Uxbridge residents

Maximum Allowable Income:

Total # of Units:

130

# of Affordable Units:

7

Unit Style:

two bedroom town homes

Two Bedroom Units:

Two bedrooms
1 bathroom
Two car garage
1250 sq. ft.