Habitat For Humanity To Build First Tewksbury Home
Sep 02, 2014 01:21PM, Published by Bill Gilman, Categories:
All that will change over the next 15 months, as HFH oversees construction of a three-bedroom, energy efficient home at 110 State Street. The new home will replace an abandoned single-family home presently on the lot. According to records from the Assessor's office, the property is currently owned by the Town of Tewksbury.
The target date for completion of the new home is December, 2015.
Contrary to some misconceptions about Habitat for Humanity, the new home will not be given away for free. The sale price, however, is always well below market value for the type of home and the area its built in.
In the case of the State Street home, the sale price is expected to be in the $150-$160,000 range, with a 30-year mortgage estimated to be $750-$850 a month, including principal, taxes and insurance.
Income eligibility guidelines to apply for a Habitat home vary by family size and median income formulas. According to information provided by HFH, a family of two can have a gross income of $36,300 and still be eligible. A family of five can have a gross income of $52,650 and still be eligible.
If you wish to be considered by Habitat for Humanity to purchase the Tewksbury home, you need to fill out an application. And the only way to fill out an application is to attend one of the information seminars scheduled for September.
Information seminars will be held on the following dates and times:
- Saturday, Sept. 20, 10 a.m. to noon at the HFH ReStore, 257 Boston Road, Billerica
- Saturday, Sept. 27, 1 to 3 p.m. at the HFH ReStore, 257 Boston Road, Billerica
- Monday, Sept. 22, 6 to 7:30 p.m., Tewksbury Public Library, 300 Chandler St., Tewksbury
- Wednesday, Sept. 24, 6 to 7:30 p.m., Pollard Memorial Library, 401 Merrimack St., Lowell
Businesses interested in participating in and sponsoring the construction project can contact the Habitat for Humanity office at 978-692-0927.
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