Affordable Housing Deed Rider

Published

October 7, 2015

October 14, 2015

Attachment

400 KB

Description

The is the model deed rider for the Local Initiative Program (LIP) used to restrict property for affordable housing purposes. It is attached to the deed and recorded at closing.

Filename	Size	Updated
LIPUniversalDeedRiderwithWatermark.pdf	400 KB	Wednesday, 10/14/2015 9:41 am

Document Categories

Forms, Housing, Sudbury Housing Trust

Affordable Housing Deed Rider

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The purpose of the Sudbury Housing Trust is to provide for the creation and preservation of affordable housing in the Town of Sudbury for the benefit of low and moderate income households.

The Trust implements the recommendations set forth in the Sudbury Community Housing Plan to the purpose of aiding the Town of Sudbury, private enterprises and non-profit organizations, and other public agencies in the speedy and orderly acquisition, rehabilitation, renovation, construction, financing or refinancing of property within the Town of Sudbury so that such property will be substantially available as residential property for low and moderate income persons and to further provide mechanisms to ensure such use.