MCO Associates

209 Parkerville Road

Lottery Process
Due to the nature of the affordable units' availability it is important for everyone to understand the procedure. Please understand the allowable income guidelines are adjusted based upon your household size. Also be advised that the program and its requirements are subject to changes in local, state or federal regulations.

Lottery Pools
There is one (1) affordable home available at 209 Parkerville Road distributed by lottery, with preference for local eligible households. However, if there are no eligible local applicants the unit will be available to eligible non-local applicants.

Preference for the three bedroom unit will be given to a household that requires three bedrooms, second preference is for households requiring two bedrooms and third preference is for a household requiring one bedroom.

Unit preferences are based on the following:
a. There is a least one occupant and no more than two occupants per bedroom.
b. A husband and wife, or those in a similar living arrangement, shall be required to share a bedroom. Other household members may share but shall not be required to share a bedroom.
c. A person described in (b) shall not be required to share a bedroom if a consequence of sharing would be a severe adverse impact on his or her mental or physical health and reliable medical documentation is provided substantiating the adverse impact.

All of the applicants will be pulled and their lottery code announced at the time of the lottery. This order of selection will establish the rankings for the home distribution. There will be two pools of applicant, one for local applicants only and the second for non-local applicants. For example, if there are 60 local applicants and 20 non-local applicants for the lottery, the first local applicant that meets the preference criteria would have an opportunity to purchase the home, and the all remaining applicants would establish the waiting list if the initial “winner” is unable to purchase.

Time Frames
209 Parkerville Avenue is currently being renovated and it is anticipated that the affordable unit will be available for immediate occupancy. If you are selected and have the opportunity to purchase the unit you will speak or meet with a representative to review your application to verify all information. The Applicant selected for the home will start working with their lender immediately to secure the necessary mortgage. Please be advised that the official income verification will be done at the time you have an opportunity to purchase a unit.

Acceptance of Home
If you choose not to purchase the property, you will go to the bottom of the list and will likely NOT have another opportunity.

Summary
We hope this helps explain the process by which the units will be distributed. It can be a lengthy and sometimes complicated process. We greatly appreciate your participation and wish you the best of luck in the lottery process.

 

 
 
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