Lexington Affordable Housing Lottery Program
How much assistance
Homes are deed-restricted in perpetuity to remain affordable. Resale prices are controlled using resale price limitations.
Eligibility
- Income limits: Household income must generally be at or below 80% of the area median income. Specific limits vary by development.
- First-time buyer required: Yes — Generally must be a first-time homebuyer, though requirements may vary by development.
- Geographic restrictions: Must purchase a deed-restricted affordable home within Lexington, MA.
How to Apply for Lexington Affordable Housing Lottery Program
Step 1: Monitor the Town of Lexington housing page and the Regional Housing Services Office at rhsohousing.org for upcoming lottery announcements. Applications are accepted during open lottery periods. Recent opportunities have included condominiums at The Lex Residences (2-bedroom units at $312,500 and 3-bedroom at $345,000) and The Edgewood at Meriam Hill (4-bedroom at $357,800). Contact the Regional Housing Services Office for current waitlist and lottery information.
Notes
Deed-restricted affordable homes sold well below market value via lottery in one of Massachusetts most expensive towns where market-rate homes often exceed $1.3 million. LexHAB has developed 85 housing units since 1983. The Lexington Affordable Housing Trust, funded through the Community Preservation Act, supports the creation and preservation of affordable housing. Homes are deed-restricted in perpetuity for newly constructed affordable homeownership units.