Affordable Homeownership Opportunities- Bedford, MA
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Six affordable townhouse units available in Bedford – new construction being offered via lottery.
Please read the flyer & application for more details.
FLYER – The Village of Bedford Woods, Bedford, MA
APPLICATION – The Village of Bedford Woods, Bedford, MA
The key milestones for this housing opportunity:
- Application Period opens Tuesday, May 4, 2021
- Information Session Tuesday, June 1, 2021, 7 pm, via Zoom Zoom Link, https://us02web.zoom.us/j/3497197633
Please visit the RHSOHousing.org website for posted recording of session - Application Deadline Tuesday, July 6, 2021 1:00 PM
- Lottery Tuesday, July 20, 2021 @ 6:30 pm via zoom
Link to be provided with eligibility letters.
The Village of Bedford Woods Condominium is an existing garden-style condominium development that will welcome the addition of 26 new townhouses on its grounds when complete. There will be 6 affordable units available for ownership, presenting choices of a 3 bedroom or 2 bedroom unit, including those with or without a ground-level master bedroom. These townhouses, ranging from 1,110 to 2,360 square feet, are defined by an open layout that seamlessly blends the living and dining spaces. A slider to a deck provides access to the outdoors, while a walk-up attic for some units provides easy access to ample storage. All master bedrooms come with ensuite baths.
The purchase price of the 2-bedroom units is $289,000 and the price of 3-bedroom units is $321,500. The monthly Condominium fees are planned at $148 for the 2BR units, and $162 for the 3BR units. These fees represent a proportional share of the total condominium expenses covering landscaping and snow removal for the common areas, water/sewer/utilities for the common areas; insurance and contribution to reserve. The homeowner is responsible for all other maintenance, and will also pay monthly real estate taxes of $319 for the 2BR units and $362 for the 3BR units (using 2020 tax rates of $13.53).
The property is being offered at a discounted rate and, as such, this and all future sales of the property will be in accordance with the guidelines in the Deed Rider that is attached to the unit. The deed restriction will protect the property in perpetuity using resale price limitations.
We invite you to submit an application, with the supplemental information. This application can be downloaded from https://sudbury.ma.us/housingtrust/ and can be sent to you upon request.
Lara Plaskon
Regional Housing Services Office
37 Knox Trail, Acton, MA 01720
978-287-1092; lara@rhsohousing.org