Affordable Homeownership in Groton
When Affordable Homeownership units are offered for sale in Groton, information will be listed here.
Units offered may be New Construction or Resale.
MGL Chapter 40B aims to promote affordable housing for households earning 80% or less than the area median income.
Usually, a household will have to have a moderate level of income – close to 80% area median income — in order to afford to purchase affordable homeownership units.
If you have questions, please contact the Housing Coordinator.
The Commonwealth of Massachusetts assists first time homebuyers with offers of downpayment assistance (up to $50,000) and advantageous mortgages. The loans and downpayment assistance can be used to purchase either affordable or market rate homes.
| Development Name & Location | Price | Condo Fee | Size(Bedrooms) | Type of Sale | Application & Unit Information | Model Deed Rider | Photos |
|---|---|---|---|---|---|---|---|
| Groton Residential Gardens, 503(B) Main Street | $183,435 | $252/month | 2 | Resale | Application Link | Similar Deed Rider | Photos |
| Boynton Meadows, 25(B) Blacksmith Row | $213,000 | $142/month | 3 | Resale | Forthcoming | Model Deed Rider |
