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Affordable Housing In Norfolk MA

New Affordable Housing Options Comes To Norfolk, MA

 

There is affordable housing in Norfolk, Massachusetts! And, we’re happy to announce that Lakeland Farms is one of Norfolks newest developments.

It’s a 32 lot subdivision collaboration between the private developer, Lakeland Farms, LLC and the Town of Norfolk. The outcome is a great affordable housing opportunity for low to moderate income individuals and families in Norfolk.

Lakeland Farms is located on 8.85 acres of land off Cleveland Street in Norfolk. The development features over thirty single family homes. The development operates as a condominium.

Lakeland Farms – Norfolk, MA

Eight of the Lakeland Farms 40B affordable housing units feature three bedrooms, one and a half baths and and a garage. These new homes are between 1,640 square feet 2,088 square feet.

These single-family homes are offered at $248,000 for the three-bedroom unit with an estimated monthly mortgage payment of $1,951. The mortgage payment includes principal, interest, real estate taxes, and private mortgage insurance (PMI).

The payment also includes hazard insurance. There is also an estimated $100 monthly condominium association fee.

The estimated monthly payment is based on a 30-year fixed rate mortgage at rates current at the time this post was written and based on a 3% down payment.  Please note, if your actual down payment is 3%, half of it must be from your own funds.

These affordable housing condominium homes in Norfolk, Massachusetts offer qualified buyers an excellent opportunity for home ownership. Delphic Associates represents Lakeland Farms, as well as, other affordable housing developments.

We specialize in affordable housing. Contact us for more information today!

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