The Franklin Housing Authority has acquired the ‘long-time vacant’ property located at 813 Summer Street, Franklin. The beautiful three-bedroom home will be leased to an income eligible family and the property will remain in the Town’s affordable housing stock through perpetuity. As we approach completion of the home renovations and prepare to enter the leasing process, we wanted to announce our intentions locally as many neighbors have stopped to inquire.
The entirely renovated home has 3 bedrooms, 1 & ½ bathrooms, kitchen with new cabinets and granite counters, dining room and a large living room. We have replaced and updated the flooring, heating system, electrical system and landscaping.
We will lease this property based on 80% of the current area Fair Market Rents and income will be limited to the current area Low-Income Limits as published by HUD. For a family of between 3 to 6 persons, the income limits are currently $106,650 to $137,450 respectively. This means that the household income must be below the limit to qualify. The rent will be listed at $2550 monthly excluding utilities. Interested persons may email office@franklinhousing.org to obtain an application.
The process of obtaining the property took many years and has involved much assistance from several local officials, agencies and advocates. The unwavering assistance of all of our supporters was monumental in the success of the acquisition.
Supporters included: State Representative Jeffrey Roy, Jamie Hellen, Town Administrator, Lisa Mosczynski, President, Metacomet Land Trust (MLT) and all of MLT’s Board of Directors including Treasurer Susan Spears, Attorney Michael Doherty, Attorney Richard Cornetta, Chairman Christopher Vericker, Franklin Municipal Affordable Housing Trust (MAHT) and all MAHT’s Trust Members including Christopher Feeley, Bank of America, Dean Bank, George Danello, Chairman of the Franklin Housing Authority (FHA) and all FHA Board Members.
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| Franklin Housing Authority preparing to offer to lease 813 Summer as an "Affordable" unit |
