Saturday, November 18, 2006
Four three-bedroom homes in an affordable housing development on Hudson Street in Northborough will be sold in a lottery early next year.
All four homes are roughly 1,200 square feet with 1 ½ baths and will be sold for $168,900 to eligible first-time homebuyers. Construction should be complete by February. The homes are being built by Northborough developer Anthony Abu as part of his approval from the Planning Board for a 30-unit 55 and over complex currently under construction on Lincoln Street.
To be eligible for a home, buyers must have no more than $50,000 in assets including retirement accounts and not exceed state income limits, which cap a family of four at $57,350 a year. Preference will be given to local residents, those employed by the town or regional school district and children or parents of current residents.
Applications and detailed information about the guidelines will be provided at a meeting scheduled for 7 p.m. Dec. 12 in the selectmen’s meeting room at Town Hall. Applications are also available in the planning office at Town Hall and online.
The lottery deadline is Dec. 29 and the lottery will be held at 7 p.m. Jan. 4 in the town hall.
-- Jennifer Rosinski