Leverett Assistance Programs

Live in Leverett! 

HRA administers two assistance programs to help income-eligible homebuyers purchase in Leverett: the Homeownership Assistance (Buy Down) Program and the Down Payment Assistance Program.  Please review the program flyer to see income guidelines and other program requirements.  HRA is currently accepting applications for both programs. 

Program & flyer      Application & checklist

 

Buy Down Program
The Buy Down Program provides a homebuyer with up to $50,000 to reduce the purchase price of a home, and preserves the long-term affordability of that property by placing a deed restriction on it. Homes purchased through this program cannot exceed $270,000.

Down Payment Assistance Program
Qualified homebuyers can access up to 5% of the purchase price of a house in the form of a 0% interest, deferred payment loan due upon the sale or transfer of the property. Homes purchased through the program cannot exceed $280,000.

Leverett Assistance Programs
Income Eligibility Chart

Household SizeMaximum Income
One (1) person $52,360
Two (2) people $59,840
Three (3) people $67,320
Four (4) people $74,800
Five (5) people $80,784
Six (6) people $86,768