Leverett Assistance Program
HRA administers two assistance programs to help income-eligible homebuyers purchase in Leverett: the Homeownership Assistance (Buy Down) Program and the Down Payment Assistance Program. Please review the program flyer to see income guidelines and other program requirements. HRA is currently accepting applications for both programs.
Buy Down Program
The Buy Down Program provides a homebuyer with up to $50,000 to reduce the purchase price of a home, and preserves the long-term affordability of that property by placing a deed restriction on it. Homes purchased through this program cannot exceed $270,000.
Down Payment Assistance Program
Qualified homeowners can access up to 5% of the purchase price of a house in the form of a 0% interest deferred payment loan due upon the sale or transfer of the property. Homes purchased through this program cannot exceed $280,000.
Leverett Assistance Programs Income Eligibility Chart
|Household Income||Maximum Income|
|One (1) person||$52,360|
|Two (2) people||$59,840|
|Three (3) people||$67,320|
|Four (4) people||$74,800|
|Five (5) people||$80,784|
|Six (6) people||$86,768|