40B Housing
For moderate income families
40B Housing in Massachusetts for Moderate Income Families
40B Housing for Moderate Income Families
The cost of living is high and, getting higher. Housing costs have priced many low to moderate-income individuals and families out of the market.
Perhaps now, more than ever, those with a moderate-income in Massachusetts need access to available housing that’s also affordable. In Massachusetts, Chapter 40B helps to assure moderate-income individuals and families the access they need to affordable housing.
40B is also helpful because it works within and around a community’s development regulations and guidelines. Right now, the demand for affordable homes and rental units exceeds the supply.
However, qualified buyers are very fortunate to still be able to own their own home. That very same home would cost much more than their budget could bear were it not for Chapter 40B.
So, with this in mind, we recommend and encourage low to moderate-income individuals and families, whose income qualifies them to buy or rent affordable market-rate housing, to enter a 40B lottery. The 40B Housing Lottery is one-way qualified buyers in search of affordable housing can have an opportunity to get a house that fits their budget.
Preferred Applicants for 40B Housing
We specialize in affordable housing and can help you, whether buyer or builder, with the ins and outs of 40B. Contact Delphic Associates for more information today!
Center Commons, Pembroke, MA – 55+
There is 1 (one) resale unit designated as affordable and sold to buyers age 55+ whose incomes are at or below 80% of the area median income.
Cochesett Estates, West Bridgewater
The development is located on 81-acres of land on both Scotland Street and Maple Street in West Bridgewater and will consist of 92 homes of which 23 will be designated as Affordable.
Duxburrow Estates – Bridgewater, MA
Duxburrow Estates is situated on 70.5 acres of land off of Curve Street in Bridgewater and will consist of one hundred and forty-eight (148) consisting of eleven (2) bedroom, one hundred twenty-six (3) bedroom and eleven (4) bedroom Single Family Homes.