For more information or reasonable accommodations for persons with disabilities, please contact us using the information provided on the property website or email that you received.

 

Maloney Properties’ staff is available to answer any questions during the process.

Please feel free to contact us through the following methods:

 

Email:  CableMills@MaloneyProperties.com

Phone: (617) 639-3064 Ext. 759| US Relay 711

Mortgage Preapproval Letters, Proof of Employment, as well as other supporting documentation such as proof of income, assets, etc. will be required at time of application submission to be considered for the unit.

What is a Household?

·         A “household” includes all persons who will reside in the condo you are applying for. A Household includes babies, children, teenagers and adults, regardless of their ability to earn or receive income.

·         A household consisting of unrelated persons must have a documented history of living together and an intention of continuing to do so.

·         A household which consists of ONLY full-time students (including PhD) is not eligible to apply.

·         Applicants may not submit multiple applications as a member of multiple households.

·         An unborn child is considered a household member if the mother is in her third (3rd) trimester of pregnancy at the time of the application submission date

·         Minors under shared custody are considered household members if they live with the applicant at least 50% of the time. Adult dependents away for college as full-time students are considered household members. Legally married couples shall both be considered part of the household, even if separated. However, in situations where a household member is legally married to a spouse absent from the household (whether or not officially divorced or separated) and the absent spouse will not be moving into the inclusionary condo, the applicant must provide current verification: (1) if divorced, a copy of a divorce decree; (2) if not divorced, a copy of a separation agreement; (3) if the applicant does not have the documentation in #1 or #2, documentation of residing in separate addresses (such as copies of leases). Where no such documentation exists of residing at separate addresses, a notarized affidavit from the parties (or party in the event it is not safe or possible for both parties to do so) that they are separating and will be residing at separate addresses as of a certain date. Without any of the above verification, the ex-spouse will be considered part of the household and their income and assets will be counted in determining income eligibility, even if they do not plan on residing there.

 

Please include copies of the past 3 months of statements for all asset accounts and include all pages of statements.  Evidence of all assets must be provided, and all assets must be listed on this application. 

This includes but is not limited to: checking, savings, stocks, pensions, CD’s, 401K’s, IRA’s, PayPal, Venmo, and Cash App.

Households must be First-Time Homebuyers.

A First-Time Homebuyer cannot own a home or an interest in a home in the preceding three years, including a trust.

Exceptions to this include:

(i)  Any individual who is a displaced homemaker may not be excluded from consideration as a First-time Homebuyer under this definition on the basis that the individual, while a homemaker, owned a home with his or her spouse or resided in a home owned by the spouse.

(ii)  Any individual who is a single parent may not be excluded from consideration as a First-time Homebuyer under this definition on the basis that the individual, while married, owned a home with his or her spouse or resided in a home owned by the spouse.

(iii)  Any individual who is a member of a Household in which one member is aged fifty-five (55) years or older may not be excluded from consideration as a First-time Homebuyer under this definition.

(iv)  An individual may not be excluded from consideration as a First-Time Homebuyer under this definition on the basis that the individual owns or owned, as a principal residence during the 3-year period before the purchase of the an Affordable Dwelling, a dwelling unit whose structure is (x) not permanently affixed to a permanent foundation in accordance with local or other applicable regulations; or (y) not in compliance with State, local, or model building codes, or other applicable codes, and cannot be brought into compliance with such codes for less than the cost of constructing a permanent structure.

This application requires a mortgage pre-approval letter at time of submission.

Please upload a valid (not expired) pre-approval letter that is for at least the purchase price or greater.

Please note the Maloney Properties reserves the right to request additional documentation after reviewing the application. Failure to provide any additional documentation requested by Maloney Properties by the given deadline will result in your application not being considered.

In carrying out this marketing program and buyer selection process, neither the Owner nor its Waitlist Agent will discriminate based on race, color, creed, religion, sex, familial status, sexual orientation, national or ethnic origin, handicap, citizenship, ancestry or marital status, public assistance, gender identity or any other basis prohibited by law.

Disabled persons are entitled to request a reasonable accommodation in rules, policies, practices, or services, or to request a reasonable modification in the housing, when such accommodations or modifications may be necessary to afford a person with disabilities an equal opportunity to use and enjoy the housing.

I understand that the Waitlist Agent is relying on this information to prove my household’s eligibility. I certify that all information and answers to the above questions are true and complete to the best of my knowledge. I consent to release the necessary information to determine my eligibility. I understand that providing false information or making false statements may be grounds for denial of my application. 

I authorize my consent to have the Waitlist Agent verify the information contained in this application for purposes of proving my eligibility for occupancy. I will provide all necessary information and expedite this process in any way possible. I understand that my income must be eligible to be considered for the unit.

I further consent to this information being shared with the Town of Williamstown's Housing Division in the course of income eligibility review.

 

All ADULT household members must sign below: