Chatham Housing Authority - MCI Rental/Housing Savings Program

A five-year home ownership program...

Chatham, MA - Chatham Housing Authority is pleased to announce the MCI Rental/Housing Savings Program.  The MCI/Escrow Program is a five (5) year home ownership program that puts half your rent into escrow.  This allows you to be able to save for a down-payment while renting. That money is then available to you for a down payment to buy a house if at the end of the program if you are qualified and able to do so. If for some reason you do not qualify for a mortgage at the end of the five years the escrow funds go back into the general fund. (you only get the funds if you buy a house. You are not required to buy a house in Chatham but you must buy on Cape.

GROSS INCOME LIMITS

Household Size

1 Person

2 Person

3 Person

4 Person

5 Person

Maximum Household Income

$51,250

$58,600

$65.900

$73,200

$79,100

     ***Note: Income Limits 2019                 Asset Limit is $75,000

 

                      

  • Rent for two-bedroom house is $1,300 plus the cost of utilities.
  • Rent for three-bedroom house is $1400 plus the cost of utilities.   

Applications may be obtained at the Chatham Town Hall 549 Main Street, During Business Hours; Chatham Community Center, Main Street, Chatham, During Business Hours; Chatham Housing Authority Monday thru  Friday from 8:00 a.m. to 3:30 p.m.;  by writing to Chatham Housing Authority at 240 Crowell Road, Chatham, MA 0263;  by calling 508-945-0478  or by email at [email protected] Application Deadline: November 22, 2019 @ 2:00 p.m.

ALL COMPLETED APPLICATIONS MUST BE RETURNED TO THE CHATHAM HOUSING AUTHORITY 240 CROWELL ROAD, CHATHAM, MA 02633

 


CapeCodToday.com welcomes thoughtful comments and the varied opinions of our readers. We are in no way obligated to post or allow comments that our moderators deem inappropriate. We reserve the right to delete comments we perceive as profane, vulgar, threatening, offensive, racially-biased, homophobic, slanderous, hateful or just plain rude. Commenters may not attack or insult other commenters, readers or writers. Commenters who persist in posting inappropriate comments will be banned from commenting on CapeCodToday.com.