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The original item was published from 2/26/2025 4:43:00 PM to 4/29/2025 12:05:01 AM.

News Flash

Town Hall News

Posted on: February 26, 2025

[ARCHIVED] Affordable Housing Lottery

Town of Dracut MA

Louis Farm Affordable Housing Lottery Now Open!

Louis Farm Village is excited to announce the availability of five affordable two-bedroom duplex townhomes in a brand-new 20-unit community at 133 Phineas Street, Dracut, MA. This development is specifically for age-qualified (55+) homebuyers who meet the eligibility criteria.

Property Details:

  • Five affordable two-bedroom units are available by lottery.
  • Each unit includes:
    • 2 full bathrooms
    • Approximately 1,566 sq. ft. of living space
    • Air conditioning
    • Two-car garage
    • Unfinished basement
    • Appliances: Refrigerator, stove/oven, dishwasher, microwave, and washer/dryer hookups
    • Pets allowed (with breed restrictions)
    • Town water and sewer
  • Price: $217,600
  • Monthly Condo Fee: $144
  • 2025 Dracut Tax Rate: $10.12 per thousand

Eligibility:

For age-qualified (55+) homebuyers with an income up to 80% of the median income.

Important Dates:

Public Information Meeting:

Date: Monday, March 31, 2025
Time: 6:30 p.m.
Location: Virtually via Zoom
Meeting ID: 863 8791 9552
Passcode: 734161

Application Deadline:

Date: April 28, 2025

Lottery Date:

Date: Friday, May 23, 2025
Time: 3:00 p.m.
Location: Virtually via Zoom
Meeting ID: 842 6532 3517
Passcode: 837643

How to Apply:

  1. Review the enclosed information packet in detail.
  2. Complete the application and disclosure statement at the back of the packet.
  3. Submit your mortgage pre-approval letter and financial documentation with your application.
  4. All complete applications received on or before the application deadline will be reviewed for eligibility and included in the lottery.

Incomplete applications will not be considered. Applicants will be notified of any missing documentation and can submit the missing documents to be added to the waiting list, should units remain after the lottery.

Additional Information:

If you are unable to attend the Public Information Meeting, the recording will be available on our website at mcohousingservices.com within 48 hours of the meeting.

Contact Us:

For any questions or further information, please contact MCO Housing Services at 978-456-8388 or email lotteryinfo@mcohousingservices.com.


Dracut Louis Farm Application (PDF)
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