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The development is in accordance with the Department of Housing and Community Developments’ Local Initiative Program – Local Action Units (“LIP-LAU”). This development called “Elm Court Condominium” consists of 24 (twenty-four) condominiums.

Elm Court Condominium is located at 37 South Street, Unit 1, in Easton. It’s close to Route 24 and Route 140. It takes less than 10 minutes to drive to the elementary, middle and high school.

This AFFORDABLE RESALE UNIT, Unit 1, will be sold at the resale price of $172,773. This home is designated as affordable and must be sold to homebuyers whose incomes are at or below 80% of the area median income. Condominium fee of $300/month.

This affordable unit has 2 bedrooms, 1 bath. The unit includes refrigerator, stove, microwave, dishwasher, washer/dryer, central A/C. The utilities are town water and gas heat. Features 900 s.f. +/- units, tiled kitchen and baths, all appliances, granite countertops, and slider to deck/patio. Some garage and storage upgrades may be available.

All affordable homes will have a “Deed Restriction” that will be recorded with the mortgage at the time of purchase. This deed restriction in part, limits the amount the home can be resold for or refinanced for and requires that it be resold to another affordable buyer.