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Old Post Rd
Sharon, MA 02081
United States
The condominiums at Sharon Residences are located on Old Post Road at the Sharon/Walpole line. Three (3) condominium units will have 2 Bedrooms, 1.5 Baths and one (1) condominium unit will have 1 Bedroom, 1,5 Baths, public water and an on-site sewer treatment facility. The sales price will be $213,900 with a Condominium Association fee of $547 for a 1-bedroom unit and $230,600 with a Condominium Association fee of $699 for a 2-bedroom unit.
The development consists of a total of 33 (thirty-three) condominium units of which there are 4 (four) units designated as affordable and sold to buyers or their spouses who are 55 years of age or older, whose incomes are at or below 80% of the area median income. At least one household member must be at least 55+ years of age. No one under the age of 18 may reside there for more than 4 months.
Each applicant shall be assigned a registration code once all required information is received. Those registration codes are placed in each and every lottery pool in which they qualify. After the application deadline has passed, a determination shall be made to determine the number of local resident minority households in the municipality and the percentage of minority applicants in the local preference pool. Sharon is in the Boston-Cambridge-Quincy MSA Area, therefore there must be at least 33.4% minority applicants within the Local Pool. If the percentage of minority applicants in the local resident households and in the local preference pool is less than the percentage of minorities in the surrounding HUD-defined area, the following adjustment to the local preference pool shall be made: A preliminary lottery comprised of all minority applicants who did not qualify for the local preference pool shall be held, and the applicants shall be ranked in order of the drawing. Minority applicants shall be added to the local preference pool in order of their rankings until the percentage of minority applicants in the local preference pool is equal to the percentage of minorities in the surrounding HUD-defined area.
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