17 Linc Cole Lane, Lexington

Lottery Description:
1. The application for this housing opportunity will be generally available, including on-line, in hardcopy at the Regional Housing Services Office and Concord town office, and sent to anyone interested in the lottery. Notice of the lottery will be advertised, and communicated widely through local, regional and state channels.
2. Applications are to be submitted with all required information by the deadline (January 20th, 2026, 1PM) by one of the following methods:

a) Mail: Applications can be mailed to:
Jenicia Pontes
Regional Housing Services Office
37 Knox Trail, Acton, MA 01720
b) Dropped off at the office: Applications that are dropped off at the office located at 37 Knox Trail, Acton, MA should be placed in the big black metal mailbox outside the RHSO office building.
c) Emailed: Applications may also be emailed to JenP@rhsohousing.org . If emailed, accompanying documentation must be compiled such that the total submission email/s has no more than 5 attachments, with the applicant consolidating the information. Applicants are encouraged to complete the checklist as an aide to the process.
d) SharePoint link: You may also contact Jen at JenP@rhsohousing.org for a SharePoint link where you can upload your documents. All requests for a SharePoint link shall be sent by January 16th, 2025.

3. The applicant’s household size will be determined from the application, and the required number of bedrooms as indicated on the application. Priority shall be given to households requiring at least the number of bedrooms in the unit. Smaller households are encouraged to apply.
4. The maximum gross household income will be verified and compared to the HUD 2025 published income limits.
1 person- $168,945, 2 person- $193,080, 3 person- $217,215
4 person- $241,350, 5 person- $260,658, 6 person - $279,966

5. Assets: Household assets shall not exceed $140,625 in value for the affordable unit. $200,000 of retirement assets will be excluded from the asset total for all households. Senior households will be allowed an additional $200,000 in assets, totaling the maximum asset limit for seniors to $340,625. Assets include, but are not limited to all cash, cash in savings accounts, checking accounts, gifts, certificates of deposit, bonds, stocks, cash value of retirement accounts, value of real estate holdings and other capital investments. The value of necessary personal property (furniture, vehicles) is excluded from asset values. Assets that are included conform to the guidance from EOHLC, and include retirement and pension funds amounts that can be withdrawn less penalties or transaction costs.
6. Buyer cannot own other residential property (primary or secondary) at purchase. They must sell their primary residence, and cannot own a secondary unit (either vacation or investment property).
7. Individuals who have a relationship to the Developer or who have a financial interest in the Project and their families shall not be eligible to participate in the lottery.
8. Persons must submit all the necessary information by the application deadline. Late applications (applications mailed and/or received after the above date) and applications that are incomplete will not be accepted. No faxed or emailed applications will be accepted.
9. All applicants will be screened for eligibility. Applicants who have been deemed ineligible will be notified in writing of the decision and given time to contact the lottery agent in writing to disagree with the determination.
10. Once the Lottery Agent has verified the information contained in the application and confirmed eligibility, a lottery number or numbers and lottery form will be issued, and the applicant will move forward to the lottery.
11. A final lottery eligibility letter will be mailed to each applicant indicating their final eligibility determination and the lottery specifics (date/time).
12. The lottery numbers will be pulled randomly in a public setting. Lottery numbers will be assigned a number in the sequence in which they are drawn and recorded in the order of selection on the Lottery Drawing Lists. The list of numbers drawn will be posted and letters will be mailed within three business days to the winners.
13. Once the tickets have been randomly drawn and listed in the drawn order, the units are then ranked based on bedroom size. The top ranked household needing at least the number of bedrooms in the unit will be offered the opportunity to purchase the unit. The household size preference shall be given to households based on the following criteria.
 There is at least one occupant per bedroom.
 Married couples or partners in a similar living arrangements, shall be required to share a bedroom.
 If you are requesting a reasonable accommodation for a two-bedroom unit due to a disability-related need, please submit documentation from a medical or licensed professional.
 Other household members may share but shall not be required to share a bedroom.
14. The lottery agent shall maintain all Lottery Drawing Lists. In the event that any of the applicants withdraw for any reason, or do not comply with the guidelines, the next qualified applicants in the lottery pool ranked by bedroom size need, will be offered the unit.
15. As the Monitoring Agent, the Town of Lexington will then review the buyer's income, assets and other criteria before the buyer can proceed to purchase the unit. Approved applicants will be given 5 days to agree to purchase the unit before the next person can be offered the opportunity.

16. Upon the satisfaction of the qualification requirements of both the Lottery and Monitoring Agent, the qualified buyer is then able to move forward and execute the Purchase and Sale with the seller. The qualified buyer will be given reasonable time to sign a Purchase and Sale, 3 weeks, and provide a nominal deposit with the P&S.