MCI RENTAL/HOUSING SAVINGS PROGRAM OPPORTUNITY
MCI RENTAL / HOUSING SAVINGS PROGRAM
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
***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.
|Maximum Household Income
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@example.com 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