Harborlight Homes Affordable Homeownership Program

Administered by: Harborlight Community Partners · Nonprofit · Deferred Loan

Funding status: Active

How much assistance

Affordable condominiums priced below market value with permanent affordability restrictions (Deferred Loan)

Deed-restricted to remain affordable in perpetuity through community land trust model.

Eligibility

  • Income limits: Household income at or below 80% of area median income
  • First-time buyer required: Yes — Must be a first-time homebuyer.
  • Geographic restrictions: Units located in four condominium developments in Gloucester.

How to Apply for Harborlight Homes Affordable Homeownership Program

Step 1: Contact Harborlight Community Partners at harborlightcp.org for information about available units and the application process.

Visit program website

Notes

Administers 51 affordable condominiums in four Gloucester locations: Haven Terrace (26 units), Babson Block on Granite Street (15 units), Forbes School at 47 Washington St (8 units), and 22 Taylor St (2 units). Land trust model keeps prices permanently affordable.

Cities Where This Program Is Available