• Cornerstone Hyannis - Lottery Pre-Screening Homeownership Application

  • Maloney Properties’ Brokerage Division is now ACRES!


    Our team is staying the same, and the services we provide are not changing.

  • Right to Interpretation Document

  • 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.

  • Equal Housing Opportunity Emblem
  • Email*
  • Format: (000) 000-0000.

  • Please review the 'Household Size' fields above. You cannot submit until they are edited.

  • What unit size(s)/AMIs are you applying for? Please note: there are different prices within each AMI/bedroom size due to unit placement and floorplans. (You may apply for more than one available option).*

  • Income & Asset Limts
    Households must fall within these limits to qualify:     

    100% AMI Household Income Limits:
    1-person, $98,900; 2-person, $113,000; 3-person, $127,100;
    4-person, $141,200; 5-person, $152,500; 6-person, $163,800


    120% AMI Household Income Limits:
    1-person, $118,680; 2-person, $135,600; 3-person, $152,520;
    4-person, $169,440; 5-person, $183,000; 6-person, $196,560

    Household Asset Limit:
    Combined household assets must not exceed $155,000. Assets include all bank accounts including checking, savings, CDs, financial apps, etc. IRS-recognzied retirement account balances are excluded up to $250,000. 

     

     

  • Household Size Preferences

    In order to make the best use of limited affordable housing resources, household size should be appropriate for the number of bedrooms in the home. A “household” shall mean two or more persons who will live regularly in the unit as their principal residence and who are related by blood, marriage, or law or who have otherwise evidenced a stable, interdependent relationship, or an individual.

    1. First Preference:

    Within an applicant pool, first preference will be made for homebuyers that are rightsized households based on the targeted AMI tier and the unit size. Rightsized Household means a household with a number of members equal to or more than the number of bedrooms in a given unit plus one. For example, households with 3 or more people will have preference on 2-bedroom units. Please Note:

    1. One-Bedroom units do not have a HH size preference.
    2. A household may count an unborn child as a household member. The household must submit proof of pregnancy with the application.
    3. If the applicant is in the process of a divorce or separation, the applicant must provide proof that the divorce or separation has begun or has been finalized, as set forth in the application.

    2. Second Preference:

    Within an applicant pool, second preference shall be given to households requiring the number of bedrooms in the unit. Please note:

    1. A husband and wife, or those in a similar living arrangement, shall be required to share a bedroom. Other household members may share but shall not be required to share a bedroom.
    2. A person described in the first sentence of (1) shall not be required to share a bedroom if a consequence of sharing would be a severe adverse impact on his or her mental or physical health and the lottery agent receives reliable medical documentation as to such impact of sharing.

     

  • Additional Household Member Information*
  • Race & Ethnicity (Optional Disclosure) This response is for the race and ethnicity of the head of household only. There is no penalty for persons who do not complete this section of the application. This information will only be used in aggregate, for the purposes of reporting and analysis. Please check all that apply:
  • Does your household need a fully accessible unit for someone with a mobility or hearing impairment? (If yes, you will be asked to submit documentation to verify that you qualify for an accessible unit)*

  • Disproportionately Impacted Households Preference

  • Preferences will be made for homebuyers from Disproportionately Impacted Households pursuant to the CommonWealth Builder Program Guidelines.

    Disproportionately Impacted Households include:

    (i) Households that have an annual income at or below 80% of the Area Median Income for the location of the project;

    (ii) Households that live in Qualified Census Tracts https://www.huduser.gov/portal/sadda/sadda_qct.html

    (iii) Households who live in any of the following Cities or Towns: Boston, Attleboro, Barnstable, Brockton, Chelsea, Chicopee, Everett, Fall River, Fitchburg, Haverhill, Holyoke, Lawrence, Leominster, Lowell, Lynn, Malden, Methuen, New Bedford, Peabody, Pittsfield, Quincy, Revere, Salem, Springfield, Taunton Westfield, Worcester, Framingham, or Randolph.

  • Does your household meet the preference for Disproportionately Impacted Households?*

  • First-Time Homebuyer Preference

  • Where Can I Enroll in a First-Time Homebuyer Course?

    Citizens’ Housing and Planning Association (CHAPA) provides a directory of MHC-approved First-Time Homebuyer training courses in the Greater Boston Region. Up-to-date date listings are on their website: www.mhp.net. Online and in-person classes are listed there at various prices, dates, times, and languages. https://www.mymasshome.org/homeownership-education-calendar

    Completion of a Previous First-Time Homebuyer Course

    Certificates of completion dated within three (3) years of the deadline date from a Massachusetts Housing Collaborative (MHC) approved First-Time Homebuyer’s course are accepted. Certificates dated older than three (3) years of the deadline date will NOT be accepted.

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    *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)  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.

  • Are you a First-Time Homebuyer?*

  • Income Information

  • What type of income do you receive (check all that apply)*

  • Pay Stubs

  • Pay Information - if you receive paychecks and a W2*
  • If you receive paychecks, have you been employed since 1/1 of this year?*
  • Start date of employment*

  • Self Employment

  • Do you work for with any employer that provides an earning statement? If yes, please select all that apply:*

  • Profit and Loss Statement

  • Social Security, Child Support, Alimony, Other Income

  • Income Information - list all income sources*

  • Mortgage Pre-Approval

    This is a condominium purchase and will require a pre-approval from a bank/lender if you are reached in the lottery. We recommend you research what will be needed to obtain one now so you are prepared and know if you qualify. Below is a link to a list of lenders we recommend: Recommended Mortgage Lenders

  • Asset Information

  • Please list household members’ assets, including but not limited to: Checking accounts, Savings accounts, trust accounts, certificate of deposits (CDs), credit unions, saving bonds, life insurance policies, 401K, SSA Direct Express Debit cards, etc.*

  • Acknowledgment

  • Please note that this is a preliminary homeownership lottery application and in no way insures occupancy. Once you submit the application by the deadline provide, then your name will be entered into the lottery.

     

  • Where did you hear about this lottery opportunity?*
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  • Please review the 'Household Size' fields on Page 2. You cannot submit until they are edited.

  • Should be Empty: