• MCI RENTAL/HOUSING SAVINGS PROGRAM OPPORTUNITY

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    October 28, 2019
     
     
    MCI RENTAL / HOUSING SAVINGS PROGRAM
    OPPORTUNITY
     
     
    Chatham Housing Authority is pleased to announce the MCI Rental/Housing Savings ProgramThe 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 chathamha@verizon.net 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