What is a lottery and how does it work?
Affordable housing lotteries exist to ensure fair and equitable distribution of housing to eligible applicants. Lotteries are designed for the first-time home buyer (with some exceptions), including local working folks, and those over 55 who meet income/asset guidelines. Buyers income is typically between $35,000 to $70,000, approximately, depending on household size. Lotteries may occur at any time that a developer obtains permitting, so check back often or sign up to receive a lottery notification.
The workings of a lottery are very simple. All qualified applicants are pooled and chosen randomly. Winners are notified immediately. Should a winner not be able to purchase a home, the next applicant on the list is given the opportunity.
Housing Assistance Corporation is here to help you with the application process.
4 Ernest Road Lottery, West Yarmouth
Homeownership Lottery for 1 house offered by Our First Home, Inc. The selling price is $170,000. This is a 2-bedroom house that will have a resale deed restriction. Please come to the Information Session on Wednesday, February 4 at 6 pm at the Yarmouth Senior Center, 528 Forest Road, South Yarmouth. Please contact Cape Community Real Estate at email@example.com with any questions
To be the first to learn about other upcoming lotteries, please sign up to receive our lottery notification service.
In the meantime, you may also want to review the Ready to Buy application.
Check out our Homes for Sale page!