Affordable Home Ownership

The Chelmsford Housing Authority offers two scenarios for affordable homeownership: new construction and resales of existing units. There is no set timetable in place for new construction units; as the projects are built, the affordable units are offered via a lottery held by the CHA. Projects range from townhouse condominiums to single-family homes, and applications are tailored specifically to each new project.

To view upcoming lotteries, please check this website as well as www.chapa.org  and www.massaffordablehomes.org.

The resale program pertains to existing homes withing the town’s affordable housing inventory. The CHA is also the monitoring agent for affordable homes in a few other nearby communities and handles resales in those developments as well.  The CHA maintains a list of income-eligible buyers who will be offered the chance to purchase a unit that comes up for resale.

Applicants for both programs must be preapproved for a mortgage and must provide documentation to prove that they do not exceed the income limits. They must also have sufficient funds for a down payment and closing costs.

Eligibility Requirements for the Homeownership Program

Eligible applicants must have a combined annual household income at or less than 80 percent of area media income, as defined by HUD and adjusted for household size. According to the 2017 Income Guidelines, the maximum allowable household income is as follows: $47,600 for one person; $54,400 for two people; $61,200 for three; $68000 for four; $73,450 for five; $78,900 for six; $84,350 for seven; $89,800 for eight.

  • Household assets shall not exceed $75,000.
  • Applicants must either be first-time homebuyers or cannot have owned a home in the past three years. Exceptions may be made for certain cases, including individuals who have owned a home with a spouse, are divorced or legally separated and do not currently own the home previously owned with the spouse.

Eligibility Requirements for Resale Units

The income limit for families of up to four people is $65,800. Because some of the units may be selling at $175,000 or more, the CHA will accept applications from anyone earning up to 120% of the area median income.

  • Household assets shall not exceed $75,000. (Exceptions apply for age-restricted communities such as Windemere Estates.)
  • Applicants must either be first-time homebuyers or cannot have owned a home in the past three years. Exceptions may be made for certain cases, including individuals who have owned a home with a spouse, are divorced or legally separated and do not currently own the home previously owned with the spouse.

How to apply

For more detailed information about the Affordable Homeownership Program, please contact Lisa Singleton.

To apply for consideration for a resale unit, please download and complete the Affordable Housing Application