Four lucky town residents and town employees were chosen to purchase below market rate homes today in the first-ever lottery for such housing. The units are located at Carriage Lane residences on Boston Post Road. Four out of the total sixteen units are considered affordable and will be sold to income eligible applicants. The lottery was the culmination of a several month application process targeted primarily to Sudbury residents, Town of Sudbury employees, employees of Sudbury businesses, and lastly to minority populations in the region. Two of the four units are ready for immediate occupancy, and the other two units are expected for occupancy within the next six months. The units will sell for approximately $165,000, and will contain a deed restriction which requires the resale of the units to other eligible households at a similarly discounted price as the original price. These four units will be counted as certified units for Sudbury’s affordable housing inventory.
Pictured is one of the lucky winners, Paul Varriale (4th from the left) with the developer, Alan Marrone (3rd from the left), Board of Selectmen Chairwoman Kirsten Roopenian (2nd from the left), Cynthia Howe (5th from the left) and another Needham Opportunity staffer, consultant’s to the project, and a representative from the Citizens Housing and Planning Association, a regional housing advocacy group.