Lottery Administration for Affordable Home Ownership & Rental
Developers
- We are the only lottery agent who has obtained down payment funds to supplement affordability to the homebuyers. Coastal prides itself on providing the assistance homebuyers need to close the loan and complete the home purchase.
- Our experience as lottery agent includes the New England Fund, Local Initiative Program (LIP), DHCD/HOME program, MassHousing, rental, and phased developments. We have worked with over age 55, over 62 and unrestricted developments.
- View our Statement of Qualifications
How Can I Buy a "Lottery" Unit?
- Take a homebuyer education class if you have not done so in the last few years
- Send your application, including income, assets, pre-approval from a lender, and other documents as required
- A lottery may be required at this step, depending on the number of applicants
- Lottery agent reviews and approves the application and obtains third party review and approval
- Sign purchase and sales agreement and proceed to home purchase!
Upcoming Lotteries
Information will be posted here when it is released.
- Pond View Village, Gloucester
Current Lotteries
Coastal Homebuyer Programs is currently accepting applications for:
- Central Place, North Reading, MA. Only a limited number of units remaining! Download the application, the information package, and the deed rider for this development. En Espanol.
- 700 Harrison, Boston, MA. Only a limited number of units remaining! Download the application, the information package, and the disclosure statement for this development.
Completed Lotteries
Coastal Homebuyer Programs has completed lotteries for:
- Brookside at Andover, Andover, MA
- Box Works Homes, Chelsea, MA
- Pond View Village, Gloucester, MA
- Sawyer Farm, Salisbury, MA
- Salisbury Woods, Salisbury, MA
- Brookside at Andover, Andover, MA
- Greenleaf Park Apartments II, Merrimac, MA
- Central Place, North Reading, MA
- River Street Condominiums, Haverhill, MA
- Village at Merrimac, MA (55+ development)
- Moseley Village Condominiums, Newburyport, MA
- Ocean View Condominiums, Newburyport, MA
- Babson Block Leasehold Condominiums, Gloucester, MA
- Check CHAPA WEBSITE for all current affordable housing lotteries in Massachusetts, both new developments and re-sales of existing units in Massachusetts
- Income and asset restrictions apply. Household income is generally limited to 80% of area median income. Click for current HUD Income limits
Check out our Helpful Hints for Homebuyers.