Lottery Highlights
Community Development Corporations, city officials and affordable housing advocates actively seek new applicants for apartment lotteries and waitlists. When there are hundreds of Affordable Rental Units announced, there could be 100 applications returned for each one, or thousands to a development with just 30 or less affordable units.
As you know these new construction projects can be highly sought after for there is demand for qualified tenants in the market rate space as well as in the income restricted and public, subsidized, low-income space. I need not tell you how competitive it can be The LOTTERY evens the playing field when it works the right wa – that is — when there are no backroom or politically influenced deals made.
But as you know, some applications are dead on arrival due to missing information or simply that the person applying is not qualified to apply. Lottery is bidding, Know that 50% of a winning formula is Showing Up; 25% is luck and you need it, so 75% of your lottery placement score is probably going to be determined by the fit of your family to the available unit size and scope of the project; your credit score is a big deal, your landlord history is a big deal, and your proven ability to pay the rent no matter how high or low it is, is a very big deal.
Here’s a quick summary of recent affordable priced lotteries and home ownership sales.
2 Bedroom house for sale in Roslindale on market for $246K where market rate could be $280k
Here’s a list of housing authorities you ask about vouchers and Section 8 that are just outside Boston.
Cambridge – http://www.cambridgema.gov/CDD/housing/
Newton, MA – http://www.newtonma.gov/gov//planning/hcd/affhouising/default.asp
Click here to get the [ Building Managers Short List ] where rents are capped at 30% AMI. The list has locations, property manager names and their email addresses and phone numbers.
The Massachusetts Centralized Housing Choice Section 8 Waitlist sign-up
screen is [ here. ]
