From the Metrowest Daily News:
It’s back to square one for officials overseeing a lottery that will determine the owner of the single-family affordable home on Parkerville Road.
“This time it will be first come, first served,” Maureen O’Hagan, a housing lottery director at MCO Housing Services in Harvard, said yesterday.
The change in philosophy is because the lottery winner decided not to complete the sale on the $189,000, Cape-style house.
You can read more here.
This article is not exactly true… I applied for this house, hoping that I qualified under the “extenuating circumstances” criteria (as my estranged husband and I still own a house together that I cannot afford)…. I was the ONLY person from Southborough who applied, and though my credit now stinks, I did get a pre-qualification letter from my credit union. They disqualified me, as I still owned a house, and “I couldn’t expect the town to have carrying costs on the house…” or something in that nature. I had already contacted a broker or 2 about selling my house at a discount so I could make this work, and fully expected that the credit union, or my local bank would give me another mortgage at this amount.
I’m don’t understand this thinking, as going down to this much smaller house would give me a much smaller mortgage payment, which I’m already paying! Who can I talk to from Southborough about this? I got nowhere before, and didn’t even get a phone call from this agency to let me know that the house was now available again. Anyone know who I could talk to?
Helen, I hope that this all works out for you. These are tough times and it sometimes feels like there are no breaks for people who need it the most. Best wishes and don’t give up hope.
Helen,
yes you do indeed have extenuating circumstances and i too hope that this works out for you. Is there anyway you can get a bridge loan while the house that you still own with your estranged husband is on the market? that is the avenue i would look down. What is rather troublesome is that the affordable housing is supposed to make it EASIER for someone to live in town, not more difficult.
Perhaps someone with some legal expertise (thinking Sue Grinblatas) has some advice for you.
good luck
Thank you both for your kind words… I think at this point I’m just going to wait to see if that $)#*)*#($& home loan modification comes through from Chase… Since its now been over a year, and supposedly its FINALLY under review, maybe something good will happen. Otherwise, my house will be on the market in the fall, if you know anyone who wants a Victorian on Latisquama! :)
I guess I Southborough has no imput into this affordable housing qualifications, its all decided by the agency in Boston… I would still probably be disqualified no matter what, so I guess I’m going to say that it wasn’t meant to be and look a different alternative. Hey Pam, maybe I’ll join you over in Northboro!
Helen-
One of my husbands close friends works for BHA, not the department you are going through but that agency is generally “6 degrees of separation”.
shoot me an email with your specifics and i will send it along.
affordable housing by its definition is supposed to be affordable–and to me that means affording one the ability to get it emotionally as well as financially.
Thanks Carrie, but I think this house won’t end up working for me anyway. I need to find a house with a bedroom – or a room I can turn into a bedroom – on the first floor, as I’m dealing with some neurological issues with my legs. I guess I’ll keep looking for the right situation, and meanwhile, keep bugging Chase about my loan modification! If you’d like to get my email, please contact Susan and she has my permission to send it along, I don’t want to post it here. Thanks so much,
Helen