LDS CONSULTING GROUP, LLC

781-943-3963

Affordable, Income Restricted Town House Condominium Available for Resale

Graniteville Woods

5 Arapahoe Way, Westford MA

Two Bedroom, 1.5 Bathrooms, 2 Story + Basement

Home Completed in 2012

Sale Price: $202,400

The property is in a 164-unit town house condominium neighborhood. Graniteville Woods offers sidewalks throughout the complex, two private playgrounds, open space and access to nearby walking trails. Employment, places of worship, and schools are in proximity. The unit is a short drive to I495, a major state highway. The unit was built in 2012 and is a two-level unit with a basement, and approximately 1,350 square feet of living area with 2 bedrooms and 1.5 bathrooms. The first floor has a on car garage, has a covered porch, ½ bathroom, open concept kitchen, eating area/family room and deck. The second floor has two bedrooms and one full bathroom. All living areas area floor are covered in new vinyl plank except the stairs which are carpeted.  The kitchen has a refrigerator, microwave, stove and dishwasher. The appliances are silver. The counters are granite and there is a tile backsplash. The unit has ample windows and sunlight. The heat is forced hot air fueled by gas. The property has private sewer and a Title V inspection will be provided. There is also a washer and dryer on the first floor. The refrigerator and washer and dryer are not included in the sale price but can be purchased separately.  The unit also has central air conditioning and a nest thermostat. There is a two pet limit and breed restrictions.

Includes ownership units

Yes

1 PERSON 2 PERSON 3 PERSON 4 PERSON $62,600 $71,550 $80,500 $89,400

Total gross household asset limitation is $75,000. The value of necessary personal property (furniture, vehicles) is excluded from asset values. If a potential purchaser divests him/herself of an asset for less than full and fair cash value of the asset within two years prior to application, the full and fair cash value of the asset shall be included for purposes of calculating eligibility. Household assets include the following: a. Cash in savings and checking accounts, safe deposit boxes, homes, assets held in foreign countries, etc. Use current balance for savings accounts and average balance for the last six months for checking accounts. b. Cash value of any revocable trust available to the applicant. c. Equity in rental property or other capital investments. Equity is calculated using the current fair market value less unpaid loans and reasonable costs to sell the asset. d. Stocks, bonds, Treasury bills, certificates of deposit, mutual funds, and money market accounts. Value of stocks and other asset vary from day to day and should be determined within a reasonable time in advance of the application. e. Individual Retirement, 401K, and Keogh accounts when the applicant has access to the funds even if a penalty may be assessed. f. Retirement and pension funds, if the applicant is employed, are the amount that can be withdrawn without retiring or terminating employment. At end of employment, periodic receipts are counted as income and lump-sum receipts are counted as assets. g. Cash value of life insurance policies available to the applicant before death, such as the surrender value of a whole or universal life policy. It would not include a value for term insurance having no cash value to the applicant before death. h. Personal property held as investment such as gems, jewelry, coin collections, antique cars, etc. (not including personal jewelry). i. Lump-sum or one-time receipts such as inheritances, capital gains, lottery winnings, victim’s restitution, insurance settlements, etc. j. A mortgage or deed of trust using the interest portion due for the 12-month period following the certification. To count imputed income, determine the asset value at the end of the 12-month period. k. A life estate using a value based on the IRS’s latest guidance (Publication 1457, “Actuarial Values, Book Aleph,” (7-1999)). Divestment of assets within two years of application for less than full value and fair cash value will be counted for imputation of income at full and fair value.

First come, first served

1. There will be an abbreviated lottery process. Applications will be accepted until September 23, 2022, after which time, if there are multiple qualified respondents, a mini lottery will be held. The lottery consists of a blind selection, from a container coupons bearing applicant identification numbers. The order in which your coupon is drawn plus appropriate household size to fit the unit, determines your ranking. 2. Information provided in this Application will be treated as confidential. 3. Applications will be accepted from September 12, 2022 -September 23, 2022, or until such time as the unit has an accepted offer to an affordable household. 4. You must fill out the application completely and return to LDS Consulting Group, LLC170 Worcester Street, Suite 206, Wellesley, MA 02481. If you would like to upload your application safely and securely online, LDS will be happy to send you a link. 5. If unsigned, or incomplete, your application will be rejected. 6. Once your application has been reviewed for income and assets, all supporting documentation will need to be provided and all information will be verified. 7. If you have intentionally falsified information, your application will be rejected. 8. Your household can only file one application, and no household member can appear on more than one application. 9. Applications will be reviewed as quickly as possible. You will be notified by e-mail of receipt of your application, your application number, and your eligibility for housing. 10. Questions can be sent to: info@ldsconsultinggroup.com or message left at 781-943-3963 We have scheduled a showing of the home on September 20, 2022 from 5pm -7pm. We are available by phone or video chat to answer any questions.