Affordable Homeownership Resale Opportunities

There are several units within the Town of Salisbury that are deed restricted as "affordable".

If you are interested in receiving information on future affordable units, please contact Lisa Pearson. Please write "Future Affordable Units" in the subject line. 

 

Essex County Habitat for Humanity is currently accepting applications for Unit D1 in Salisbury – a 3 bedroom, approximately 1200 square foot duplex home.

Applications will be reviewed and accepted on a first-come, first-served basis.

This application cycle will close on May 3, 2024

Northpointe Village (off Seabrook Road):

None available at this time.

Salisbury Woods (off Bridge Road):

None available at this time

Sawyer Farms (off Ferry Road):

None available at this time.

Sheffield Village (54 Beach Road):
None available at this time.

Windgate (135 Beach Road):

None available at this time.

 

 

Other opportunities:    201 Central St. #12, Georgetown   Condominium Building    Condo Fee:$435     Year Built:  2001         Est. Annual Taxes: $2,176

The Trust purchased the condo for the purposes of providing an affordable ownership opportunity.  The sale opportunity will be offered through a lottery process.   The property includes 2 bedrooms, 2½ baths, and approximately 1,789 square feet of living area. The unit has 3 floors with both bedrooms on the 2nd floor.The unit will be sold to a qualifying applicant with income at or below 80% of the area median income as a Local Action Unit under the Executive Office of Housing and Livable Communities (EOHLC) Local Initiative Program.  The initial sale amount is $173,400 with a monthly condo fee of $435.00.

 

Income limits:

1-person $66,300, 2-person $75,750, 3-person $85,200, 4-person $94,650, 5-person $102,250

Asset limits: $75,000            Must be first time homebuyer:Yes

Application Type:Lottery             Application Deadline: May 15, 2024

Application Process:

Applications will be available via email or USPS mail from, and must be returned to Lottery Agent:  Kristen Costa, L.A. Associates, Inc., 11 Middlesex Ave., Suite 5, Wilmington, MA  01887, (978) 758-0197    kriscosta@laassoc.com

Applications will also be available for pickup at Georgetown Town Hall, One Library Street & Georgetown Peabody Library, 2 Maple Street.

Applications can also be downloaded at the following websites:

            L.A. Associates:  www.laassoc.com

Application link http://www.laassoc.com

Brochure Website: http://www.laassoc.com

Application Documents:     201_central_12_lottery_application.pdf