Housing Assistance Corporation invites potential homeowners to a Virtual Info Session for three income-restricted houses in East Falmouth, on Wednesday, Oct. 19, at 5:30 p.m. Register for the session, which will be held on Zoom, at haconcapecod.org/lotteries.
The three homes on Lewis Neck Road are each 1,551 square feet with three bedroom and two bathrooms. They back up to open space.
Housing Assistance Corporation is overseeing the lottery for the three houses, which are targeted as workforce housing for families. Two of these homes will be sold to those whose income does not exceed 80 percent of Area Median Income (AMI) for $245,000 and one home will be sold to those whose income does not exceed 100 percent of AMI for $290,000. All of the houses will have a permanent deed restriction.
The Lewis Neck Road project was developed by the Falmouth Housing Trust, with support from the Falmouth Affordable Housing Fund and community donors.
“As the number of young people and families exit the Cape because of the high cost of housing, Falmouth Housing Trust is excited to offer these three homes to our workforce who are so important to sustaining our local economy,” said Karen L. Bissonnette, executive director of the Falmouth Housing Trust.
“Our community will not continue to thrive without housing for a diverse workforce at a variety of skill and wage levels. These are homes that low to moderate families can afford. Many thanks to the Falmouth Housing Trust Board of Directors who have led the way in creating these new homes and for giving me the support necessary to complete this project.”
Alisa Magnotta, chief executive officer of Housing Assistance Corporation, said of the lottery, “As the housing shortage makes it harder and harder for locals to retain a foothold, our strategy must be comprehensive. From ‘capital a’ affordable housing and homeownership opportunities like this to market rate rentals, we’re working with our colleagues throughout the region to advance a pipeline of housing for Cape Codders.”
Applications for the lottery for the Lewis Neck homes can be found online at haconcapecod.org/lotteries and falmouthhousingtrust.org. Printed copies are available at the Falmouth Housing Trust Office at 200 Main St., the Falmouth Public Library on Main Street and at Falmouth Town Hall.
The deadline to submit an application is Friday, Dec. 2, at 5 p.m. The lottery drawing will be held within 30 days of the application deadline.
The Oct. 19 Info Session will cover a range of topics, including details about the new homes and the lottery application process.