The Main South CDC is now accepting pre-qualification intake forms from income eligible candidates for KGH Phase III A and B housing project that will create 24 new units of affordable housing on Hollis Street and Kilby Street...

                      Domenech Hicks & Krockmalnic Architects Townhouse Project in Boston
          The row-house design will be used  for Kilby Street single-family units (Phase IIIB)

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:

• Pre-qualification Intake Form 

• Original MSCDC Application Package

• Pre-approval Letter for the amount of $132,000 (for Phase III: A units only)

• 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).  

• Credit Report (available at the MSCDC for $20)

• 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.