The Main South CDC is now accepting pre-qualification intake forms for income eligible candidates for KGH Phase III B housing project which has created an additional 10 new units of affordable housing on Kilby Street...





To be considered for this program an applicant must be a first-time homebuyer and must not exceed 80% of median income limit for the area of Worcester (the income limits listed are below). An eligible candidate is considered to be an individual or spouse that has not owned a home before or during the three year period before the purchase of MSCDC houses. Once a pre-qualification form has been filed with the MSCDC and the applicant is determined to be eligible the applicant will be invited to participate in a lottery. If selected during the lottery process the applicant will be required to provide the MSCDC with a full application package that will be sent to the city of Worcester and to the Massachusetts Department of Housing and Community Development (DHCD) for review and approval.

These units are Deed Restricted for a period of fifteen (15) years. Also, the house must be owner occupied, meaning that the homeowner may not under any circumstances sublet.

Please visit the Main South CDC office located at 875 Main Street to fill out the Pre-Qualification Intake Form if you are interested in applying. Any further questions or concerns, please call 508-752-6181.

Application process once pre-qualified:
Documents are in PDF form. To download Adobe Reader, click here.

* Pre-qualification Intake Form
* Original MSCDC Application Package
* Pre-approval Letter for the amount of $139,500 (for Phase III B condo units)
* Income Verification (must meet low/mod Median Income Levels)
* Must provide 3 most recent years of tax returns, 8 pay stubs, and third party verification (i.e. letter from employer)
* Please refer to the following table for income limits (cannot exceed these 80% Median Income Limits).

Income limits 2011:

1-Person	2-Person	3-Person	4-Person	5-Person	6-Person
$44,950	$51,400	$57,800	$64,200	$69,350	$74,500

* Credit Report (available at the MSCDC for $25)
* Strongly encourage applicants to take First Time Home Buyer Workshop at Neighborworks HOCW to register call (508) 791-2170.
* 3%-5% Down-payment required by most FTH mortgage products. If approved through the Neighborworks HOCW these funds may be available through the City of Worcester's Down-payment Assistance Program also known as ADDI.

For more information, please contact:
Yary Jaen, Program Manager
Main South CDC
875 Main Street
Worcester, MA 01610
Tel: 508-752-6181
Fax: 508-797-4514