Fox Run

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Development profile
614 Springs Road
01730 Bedford
Property Manager / Lottery Agent Name: 
Sudbury Housing Trust
Email Address: 
Site Phone: 
9782871092
Mobile Phone: 
9782871092
Fax: 
TTY Phone: 
Development Description: 

The Fox Run development is a Planned Residential Development that will consist of five new houses on Hosmer Way (a new dead end road off Fox Run Road) and two new houses off the end of Buehler Road. The existing house at 614 Springs Road has been renovated and designated as an affordable housing unit under the Local Initiative Program.

This affordable, single-family home is 1,728 square feet with 4 bedrooms and 2 bathrooms on 0.63 acres. Recent updates include new windows, exterior door, bathrooms, 2nd floor laundry (w/ newer washer and dryer), kitchen, roof, electric, and open concept family/dining area. Enjoy the warmer months in the three season screened in porch, or lounge on the deck, both accessed from sliders.

The homeowner will pay monthly real estate taxes estimated at $308 using Bedford’s 2017 tax rate of $14.81. The affordable unit in this lottery will be offered at $257,800. In accordance with the program guidelines, the initial purchase price is established so that a household is not required to spend more than 30% of 70% Boston Area Median Income (AMI) monthly for housing costs. The total land area includes 1045sf in Billerica: the RE tax does not include approx. $1.41 per year to Billerica.

Rental or Ownership: 
Includes ownership units
Resale Flag: 
No
Income guide: 
1 person - $54,750, 2 person - $62,550, 3 person - $70,350, 4 person - $78,150, 5 person - $84,450, 6 person - $90,700, 7 person - $96,950, 8 person - $103,200
Asset Guide: 
$75,000
Last Renewal Date: 
Wednesday, June 7, 2017
This development includes utilities in the cost of housing: 
This development has services attached: 
Accesibility Features: 
Is a referral from a service provider needed?: 
No
Application Type (If Applicable): 
Lottery
Application Process: 
The key milestones for this housing opportunity: 1)Application Period opens June 7, 2017 2) Information Session June 26, 2017, 7 pm, 2nd Floor Conference Room, Town Hall, 10 Mudge Way, Bedford 3) Application Deadline August 15, 2017, 1 pm 4) Lottery August 29, 2017 7pm, 2nd Floor Conference Room, Town Hall, 10 Mudge Way, Bedford This application is a first step in the lottery process and does not assure you a home. Applicants must secure approval for a mortgage loan and submit evidence of such approval together with the application. Please contact the agent below for any questions or to submit your application: Sudbury Housing Trust 278 Old Sudbury Rd Sudbury, MA 01776 (978) 639-3387 housing@Sudbury.ma.us
Application Deadline: 
Tuesday, August 15, 2017
Application URL: 
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