Bourne Housing Opportunity Purchase Program

(B-HOPP)

B o u r n e   H o u s i n g   P a r t n e r s h i p

Introduction and
Info Package
Attachment I
Disclosure
Attachment II
Application Package
Attachment III
Property List
Appendix I
Income and Assets
Appendix II
Sample Deed Rider


Purchase an Affordable Home! Act Now! Act Now! Act Now!

B-HOPP has been created to assist eligible households with technical assistance, mortgages programs and grants to purchase homes and condominiums that are for sale and scattered through out the town of Bourne.

The list of approved properties is now being developed. The Partnership will hold a lottery to establish the order in which “ready to buy” households will be assisted during the 2 year program term.

Income eligibility: Maximum gross income by household size is as follows:
One Person - $41,450; Two Person - $47,350; Three Person - $53,300; Four Person - $59,200; Five Person - $63,950; Six person - $68,650.

Net family assets can not exceed $50,000 as defined in the information package.

Must not have owned a home as a principal residence for a period of 3 years. Exceptions include: displaced homeowners; those whose home was not affixed to a permanent foundation; those that owned properties not in compliances with building codes and the cost of bringing into compliance would be greater than cost of construction of a permanent structure; age- qualified household i.e. at least one member over 55 and is selling a home to purchase an approved unit.

Public Information/Application Assistance Meetings

Date: Thursday, March 20th
Time: 6:00 to 8:00 pm
Place: Bourne Memorial Community Building, 239 Main St., Buzzards Bay

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Date: Monday, March 24th
Time: 6:00 to 8:00 pm
Place: Bourne Housing Authority, 871 Shore Rd., Pocasset

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Date: Saturday, April 19th
Time: 1 p.m. to 4 pm
Place: Bourne Public Library, 19 Sandwich Rd., Bourne

Applications and complete information packages are available at the above locations and at Bourne Town Hall, Planning Dept., 24 Perry Ave.; and online at www.townofbourne.com - Departments - Miscellaneous Municipal Departments - Housing - B-HOPP Package.

Completed Applications will be accepted and logged in only at the Town of Bourne Planning Department, Bourne Town Hall, 24 Perry Ave. Bourne, and, at the Bourne Housing Authority, 871 Shore Rd. Pocasset MA.

Completed applications can be sent by mail to:
Town of Bourne, Planning Department, 24 Perry Ave. Buzzards Bay, MA 02532
ATT: B-HOPP Program and postmarked no later than April 30, 2008.

The Deadline for applications will be 5:00 P.M April 30, 2008

Lottery Date: May 14, 2008

Contact: Kerry Horman, Affordable Housing Specialist
508-457-1005 or email: bournehousingpartnership@hotmail.com