Natick Lottery

Watertown Community Housing (WCH)

*PRE-APPLICATIONS NOW BEING ACCEPTED*
ONE 2-BEDROOM AFFORDABLE TOWNHOUSE STYLE CONDOMINIUM AT ADMIRAL'S COVE

BRAND NEW CONSTRUCTION!
Admiral's Cove

The Town of Natick is pleased to announce the sale of an affordable 2-bedroom condominium at Admiral's Cove in Natick. One 2-bedroom unit (2-bed, two 1-bed) will be sold on a first-come, first-served basis to income qualified buyers.

Price (non-negotiable):
$163,700

This 2-bedroom affordable unit offers 3-level living in a townhouse style condominium. The unit is newly constructed and features modern kitchen and bathrooms. Admiral's Cove is located at 7-9 Dewey St., in close proximity to downtown Natick. There is also ample parking and plenty of private storage space.

Admiral's Cove exterior

Admiral's Cove exterior

Key Facts

Sale is first-come, first-served

Applications accepted immediately. First qualifying household to submit a pre-application will have the option to purchase. There will NOT be a lottery.

Eligibility Requirements
Households must be at or below 80% of Area Median Income. The maximum gross incomes allowable for this unit are:
$46,300 1-person || $52,950 2-person || $59,550 3-person || $66,150 4-person

Minimum Downpayment
A minimum 3% downpayment is required. 1.5% must be from buyer's own funds, the rest may be gifted. Homebuyers may also be eligible to borrow money for downpayment assistance from the Town of Natick.

Downpayment Assistance
The Town of Natick is offering up to $10,000 in downpayment assistance to qualified buyers of these affordable units. No separate application is necessary. Not all affordable buyers will qualify.

Deed Restriction
This unit is subject to a deed restriction that requires permanent affordability. Therefore, future sales are governed by the the State Dept. of Housing at the time of sale.

*PRE-APPLICATIONS NOW BEING ACCEPTED*
-DOWNLOAD BELOW-

Watertown Community Housing
63 Mt. Auburn St.
Watertown, MA. 02472
P-617-923-3505
F-617-923-8241