Only One Applicant for Lenox Affordable Housing Lottery
LENOX, Mass. — A lottery for the first of two affordable houses in a Berkshire County tourist destination was drawn on Monday.
Pittsfield resident Alejandra Lima, the only applicant for either house, won 10 Hynes St. for $254,000 with a tax rate of $10.84 per $1,000. With all other associated costs and paying 5 percent down or $12,700, it amounts to a little over $1,400 a month, which is less than a person would pay for rent in Lenox.
"Thank you for applying as a household, we're very excited about starting this program, this has been a long process for us, the town of Lenox, and the Lenox Affordable Housing Trust is learning how to do this as well," Select Board Chair Marybeth Mitts said to Lima.
"We're very happy to be working with Habitat for Humanity and Construct on this program, so it's new to all of us and we're just excited that we've got some participation from the community and we're looking forward to helping households like yourselves and other households."
Lima said she is "very excited" and appreciates the opportunity.
Applications will be reopened for the second house located at 8 Hynes St. at the same price. Dates have not been established yet.
This is an opportunity for first-time homebuyers at 80 percent or less of the area median income, which amounts to $60,600 for a family of three, to own a house in the town that is known for Tanglewood and various other destinations.
According to Realtor.com, the median house price for Lenox is over half a million dollars. Rental units currently on the market range from about $1,800 for a one-bedroom apartment to $3,500 for a three-bedroom home.
Construct Inc., a nonprofit provider of affordable housing and supportive services in the Southern Berkshires, is administering the lottery for the Lenox Affordable Housing Trust.
The houses are located in a cul de sac off of Housatonic Street. The home at 8 Hynes Street is a two-story, 1,168 square feet structure on a 10th of an acre with three bedrooms, one bath, and a brand-new kitchen. The 10 Hynes St. home is a 1,550 square foot, three-bedroom, one-bath home with a new kitchen and is also on a 10th of an acre.
Applicants must be first-time homebuyers that are defined as not owning a residential property for three years and must be pre-approved for the home's mortgage.
"We're very happy to be able to turn this house over to you," Mitts said to Lima.
"You were pre-qualified for a mortgage at 10 Hynes St. and all that is left now is for you to close on a mortgage with the bank of your choice and we will get together at a future time when that has all occurred and welcome you to your new home in Lenox."
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