Public Information Meeting:

7:00 p.m., Monday, January 16, 2012
Summerfield Sales Center
Taft Hill Lane (off Route 16), Uxbridge

Application Deadline:

February 10, 2012

Lottery Date:

5:00 p.m., Sunday, February 20, 2012
Summerfield Sales Center
Taft Hill Lane (off Route 16), Uxbridge

Affordable Price:

$157,000

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 sales price of the unit is set by DHCD to be affordable to an income-eligible household paying no more than 30% of their monthly income for housing costs. 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
• Currently works in the Town of Uxbridge

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.