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Massachusetts Affordable Housing Trust Fund MassHousing Form
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People also ask
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What is a 40B deed restriction in Massachusetts?
Chapter 40B is a state statute, which enables local Zoning Boards of Appeals to approve affordable housing developments under flexible rules if at least 20-25% of the units have long-term affordability restrictions.
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What is the income limit for affordable housing in Massachusetts?
What are the Income Limits? 1 Bedroom4 Bedroom LIP/EOHLC 80% Rents $2,605 $3,517 Masshousing 40B $2,442 $3,777 FMR FY 2024 $2,377 $3,765 TBRA Payment Standard $2,377 $3,765
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What is the 40B rule in Massachusetts?
Chapter 40B is a state statute, which enables local Zoning Boards of Appeals to approve affordable housing developments under flexible rules if at least 20-25% of the units have long-term affordability restrictions.
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Who qualifies for 40B housing in Massachusetts?
For non-age-restricted units, you must be a first-time homebuyer. This means you have had no homeownership interest in a principal residence during the past 3 years OR you are a displaced homemaker or single parent who has only owned a home with a former spouse while married.
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What disqualifies you from public housing in Massachusetts?
Housing assistance programs are required to deny applicants who (1) have been evicted from public housing within the past 3 years for drug-related reasons, (2) are on the lifetime sex offender registry in any state, (3) have been convicted of manufacturing methamphetamines on public housing property, (4) are using ...
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What is the Massachusetts housing bill 2024?
In August 2024, Governor Healey signed the Affordable Homes Act, a five-year bond bill that aims to address the housing crisis by authorizing $5.16 billion in borrowing, more than any previous housing bond bill.
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What is a MassHousing mortgage?
All MassHousing loans feature affordable, fixed interest rates with no hidden fees or other surprises, and are serviced locally in Massachusetts. MassHousing provides down payment assistance of up to $25,000 for eligible borrowers.
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What is the income limit for public housing in Massachusetts?
What are the Income Limits? 1 Bedroom4 Bedroom LIP/EOHLC 80% Rents $2,605 $3,517 Masshousing 40B $2,442 $3,777 FMR FY 2024 $2,377 $3,765 TBRA Payment Standard $2,377 $3,765
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