Affordable Condominium Lottery: 2 Units in Martins Landing

Eight affordable condominium units in the Residences at Martins Landing, a 55+ development in North Reading, will be made available by lottery. Please click on the linked flyer at the bottom of the page for application information for the first two available units.Information from the flyer, as provided by MCO, the lottery agent, as provided below:

Lottery Information and Application
Translation services available upon request.
Located at 250 Martins Landing Way, Martins Landing Condominiums is a new 502-unit 55+ condominium development located in North Reading, MA. Eight (8) units are available, by lottery, for eligible age-qualified (55+) homebuyers. The units will be distributed through four lotteries. This application is for the first lottery for two units.

One and two-bedroom affordable units are available. The one-bedroom unit includes 1 bathroom in +/- 948 sq. ft. The two-bedroom unit includes 2 bathrooms in +/- 1,116 sq. ft. Surface parking is available at no charge. Clubhouse available for all homeowners. The units are priced as follows:

• One bedroom - $214,400 with a monthly condo fee of $170
• Two Bedroom - $239,700 with a monthly condo fee of $204

All affordable units will be sold by lottery as outlined in the attached package. Please review the enclosed information packet in detail and complete the application and disclosure statement at the rear of the packet.

PLEASE NOTE: All applicants must include a mortgage pre-approval letter, from an institutional lender familiar with affordable deed restrictions and complete financial documentation with the application. An application submitted incomplete will not be considered for the lottery and the applicant will receive an email with a list of the missing documentation. Applicants can submit the missing documentation and, if determined eligible, will be added to the waiting list only and will not be included in the lottery.

If a complete application is received on or before the application deadline it will be reviewed for eligibility and included in the lottery, if appropriate. FHA, VA and Quicken loans will not close on deed restricted properties so pre-approvals using those programs will not be accepted.

Public Information Meeting via Zoom
6:30 p.m., Monday, June 12, 2023

Go to Zoom.com and provide the following, when prompted:
Meeting ID: 895 7732 5547 Passcode: 695491
 

Application Deadline
July 10, 2023
Lottery via Zoom
3:00 p.m., Friday, August 4, 2023
Go to Zoom.com and provide the following, when prompted:
Meeting ID: 828 2912 6496 Passcode: 741913

Potential applicants will not be discriminated against on the basis of race, color, religious creed, marital status, military status, disability, national origin, sex, age, ancestry, sexual preference, source of income, presence of children, or any other basis prohibited by local, state or federal law.

For questions, please contact:

Maureen M. O’Hagan, MCO Housing Services for Pulte Homes of New England, LLC, 978-456-8388 or email lotteryinfo@mcohousingservices.com