MCI Rent Escrow Program Opportunity

Chatham Housing Authority is pleased to announce the MCI Rental/Housing Savings Program. Eligible applicants will have the opportunity to save for a down payment on their first home while renting one of the affordable units at the MCI/Marconi Campus on Old Comers Road. Under the program, half the monthly rent is set aside in an escrow account and is made available to the qualifying participants at the end of the five year program. There are 3, three bedroom homes currently available. The program is sponsored by the town and is run by the Chatham Housing Authority According to DHCD guidelines.

GROSS INCOME LIMITS

Household Size: 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons
*** Income Limits $47,600 $54,400 $61,200 $68,000 $73,450 $78,900

Asset Limit is $75,000.

Rent for all units is $1,300 plus the cost of utilities. (Estimated cost of utilities $350.00 a month)

Applications may be obtained at the Chatham Town Hall, at 549 Main Street, during business hours; Chatham Community Center, on Main Street in Chatham, during business hours; Chatham Housing Authority Mondays through Fridays from 8:00 a.m. to 3:30 p.m.; by writing to Chatham Housing Authority at 240 Crowell Road, Chatham, MA 02633; by calling 508-945-0478; or by email at chathamha@verizon.net

ALL COMPLETED APPLICATIONS MUST BE RETURNED TO THE CHATHAM HOUSING AUTHORITY 240 CROWELL ROAD, CHATHAM, MA 02633
Deadline for applications is 2 p.m. Friday September 1, 2017.

***Note: Income Limits 2017

Author: Mashpee Chamber of Commerce

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