Applications for 31 affordable housing units in Douglas due April 23
More than ten years after the North Village 40B project was first presented to Douglas selectmen and planning boards, construction of the North Village condominium development on North Street is now well underway.
Thirty-one of its 124 three-bedroom, duplex-style condo units have been designated as affordable housing, to be sold at lower than market price. The affordable unit sales price is $183,300. Market price for the units starts at $299,900. Condo fees are $125/month.
An informational meeting about the lottery will be held at the Simon Fairfield Public Library on March 13 at 6 p.m.
Lottery applications must be post-marked by April 23 and the lottery will be held at the library on May 8 at 6 p.m. First of the housing units will be ready for move-in in July.
To qualify for an affordable unit, households must meet each of the following criteria:
- Everyone in the household must qualify as a “first-time homebuyer.”
- The entire household’s income and assets must be below the maximum allowable income and asset limits. For example, for a household of four, the income limit is $68,000.
- The household must be pre-approved for a mortgage.
- Households or their families cannot have a financial interest in the development.
The Town of Douglas has established a local preference requirement for the North Village homes. Nine of the homes will be first offered to households that qualify for local preference. An applicant qualifies for local preference if a member of the household is:
- A current resident of Douglas.
- An employee of the Town of Douglas.
- An individual who works for a business located in Douglas.
- A household with children attending Douglas schools.
Complete information packets and applications may be picked up at the Library or go to the library website at mysfpl.org and click on The Douglas Way button to download them.
The library is located at 290 Main Street in Douglas. Parking is available behind the building.