The deadline for applications for New England Heritage Homes – affordable home sale lottery has been extended until March 31st, 2020.
So what exactly does “affordable mean?” It means homes will be priced between $250,000 – $400,000, and will be affordable to households with a combined income between $60,000 – $100,000. The affordable homes produced through the initiative have a 50-year resale restriction.
All of these homes will be produced using model home designs and have been pre-approved by the city’s Inspectional Services Department. These standardized building plans will help builders “create homes more efficiently and at lower cost without sacrificing quality.”
Interesting in learning more or applying for one? Visit here!
What are New England Heritage Homes
New England Heritage Homes (NEHH) is a proposed affordable homeownership project of 16 mixed-income fee-simple units on an existing assembly of seven parcels of land totaling approximately 40,000 square feet. The parcels are located near the intersection of New England Avenue, Mallard Avenue, Colonial Avenue, and Southern Avenue in the Talbot Norfolk Triangle neighborhood of Codman Square in Dorchester, and are within 1/4 mile of the new Talbot Ave Station on the Fairmount Line. The project spans seven existing parcels, including two City-owned vacant lots and is located within Dorchester’s Eco-Innovation District (EID). The proposed development will provide an opportunity to achieve transit access and walkability, while creating new affordable opportunities for moderate income homebuyers in Codman Square Neighborhood Development Corporation’s (CSNDC) service area. The project, developed by Codman Community Development, Inc. (a subsidiary of CSNDC), is a part of a larger effort of the Fairmount Indigo CDC Collaborative, in which CSNDC, Dorchester Bay EDC (DBEDC), and Southwest Boston CDC (SWBCDC) have targeted development opportunities near existing and planned stops on the MBTA Fairmount commuter rail line.
The Neighborhood Homes Initiative uses city-owned land and will be selling approximately 250 parcels for new homes and will provide subsidies to developers to ensure that these homes are priced affordably.
Maureen Dahill is the editor of Caught in Southie and a lifelong resident of South Boston sometimes mistaken for a yuppie. Co-host of Caught Up, storyteller, lover of red wine and binge watching TV series. Mrs. Peter G. Follow her @MaureenCaught.
