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Get Matched Free →Town of Franklin Affordable Homeownership Program
Funding status: Limited
How much assistance
Below-market purchase price on deed-restricted affordable homes; prices set based on HUD income guidelines
Deed restriction maintains long-term affordability; resale price is restricted to keep the home affordable for future buyers in perpetuity
Eligibility
- Income limits: Must meet income limits based on HUD Area Median Income guidelines for the Boston-Cambridge-Newton metro area; typically up to 80% AMI
- First-time buyer required: Yes — First-time homebuyer or have not owned a home in the past three years
- Geographic restrictions: Must purchase a deed-restricted affordable home in Franklin, MA
- Homebuyer education required: Yes
How to Apply for Town of Franklin Affordable Homeownership Program
Applications are accepted on a first-come, first-served basis when affordable units become available. Download the application from the Town of Franklin website or contact the Municipal Affordable Housing Trust. Metro West Collaborative Development serves as the lottery agent for sales and resales of deed-restricted units.
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