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Hingham Massachusetts, Incorporated 1635, History & Pride
 

Town Government &
  Services:

 

Committees: Hingham Affordable Housing Trust

Projects:

Request for Proposal & Qualifications: Design Plans, Specifications, and Permitting Services for Affordable Housing at the so-called Selectmen's Parcel. (6/16/2014)

80 Beal Street

Current Affordable Housing Opportunities:

Beals Cove Village Condominiums (PDF, 653 kB)

Recommended Links

Hingham Housing Authority
Department of Housing and Community Development
MassHousing
Massachusetts Housing Partnership
Citizens' Housing and Planning Assn (CHAPA)
Society of Saint Vincent De Paul
Wellspring Multi-Service Center

Affordable Housing Trust

The Hingham Affordable Housing Trust Fund aims to further the following goals:

  • The Trust seeks to preserve affordable housing through a variety of means which will benefit both current homeowners and potential new residents.
  • The Trust will propose, support and develop affordable housing that contributes positively to the character of the town, considering both Hingham’s history and its future.
  • The Trust will engage in education and advocacy with the goal of promoting the diversity of Hingham’s population.

Please see Article 39 of the Hingham Town By-Laws for information about the Hingham Affordable Housing Trust.


How do I locate available affordable housing?

The Housing Trust provides listing information on currently available affordable housing opportunities in Hingham. You can also search for housing statewide by following either of the links below:

State-wide listing of affordable housing lotteries and re-sales published by the nonprofit Massachusetts Affordable Housing Alliance (MAHA)

Registry of affordable rental and homeownership opportunities, including search feature for people with disabilities who require accessible or barrier-free housing

Am I eligible to purchase deed restricted housing?

The general eligibility requirements include:

  • The home must be intended for and maintained as your principal residence
  • Your assets must not exceed $75,000
  • You must be preapproved for a mortgage with a lender
  • You must be a first time homebuyer (or one that has had no homeownership interest in a principal residence during the past three years OR you are a displaced homemaker or single parent who has only owned a home with a former spouse while married)
  • You must fall within 80% of the HUD annual median household income in the Boston Area as indicated below:

Household Size

1

2

3

4

Income Limit

$48,800

$55,800

$62,750

$69,700

Where are Homebuyer Education Resources offered?

A number of agencies offer homebuyer education for first-time purchasers. Please follow the links below to find a workshop:

CHAPA's Homebuyer Workshops Calendar for first-time homebuyers

CHAPA's listing of agencies offering online homebuyer education workshops approved by the  Massachusetts Homeownership Collaborative

How do I finance a home purchase?

For a listing of financial education classes, please visit MassSaves, a website developed for the purpose of providing Massachusetts residents the information, tools, and opportunities to gain financial and economic education to manage money and build assets.

The ONE Mortgage Program (formerly known as SoftSecond Program) provides affordable financing for low and moderate income homebuyers. Please visit the Massachusetts Housing Partnership for more information and to locate a participating lender.

MassHousing, the state's affordable housing bank, provides information on loans available and approved lenders.



2014 Annual Report

The Hingham Affordable Housing Trust was created by a Town Warrant Article in 2007. The Trust is one of several state-authorized affordable housing trusts that work with Massachusetts and Town agencies to preserve existing housing opportunities and increase future housing for low and moderate-income persons. Increasing the stock of affordable housing benefits many different constituencies, including Town employees without the resources to live in the Town they serve, older Hingham residents on fixed incomes, former residents seeking to return to Town, young adults raised in Hingham but unable to afford a Hingham residence, and other persons with a stake in the community and a desire to live in it. To this end, the Trust co-sponsored the 2008 article that authorized the Town's purchase of Lincoln School Apartments. The Trust is the sole member of LSA, LLC, and appoints two members to the Board of Managers.

The Trustees are appointed by the Board of Selectmen and include one member of that Board. The Trust has a range of powers, including the power to receive money and property and to undertake projects to improve affordable housing opportunities in Hingham. The Trust's mission statement is as follows:
• The Trust seeks to preserve affordable housing through a variety of means which will benefit both current and potential new residents.
• The Trust will propose, support and develop affordable housing that contributes positively to the character of the town, considering both Hingham's history and its future.
• The Trust will engage in education and advocacy with the goal of promoting the diversity of Hingham's population.

This past year the 80 Beal Street development added two (2) affordable housing units to the Town's inventory of affordable housing units. Looking forward to 2015, the Trust is working on the development of the Selectmen's Parcel. Town Meeting instructed the trustees to create an additional twenty to forty affordable units on the property, including a mix of incomes. The Trust has selected Union Studios to assist with the design, engineering, and permitting services for this property.
The Trust anticipates submitting and obtaining approval for a Local Initiative Program Application (LIP) from the state, including a request for a local preference. With the approval of the Department of Housing and Community Development, the Trust will proceed to work with the Town Boards to assure a quality development.

The Trust is pleased to report that in 2014, we purchased a condominium in Beal's Cove Village with CPC funds. The state has now approved our application to add this property to our inventory of affordable housing units. The Trust will market the property for sale to an eligible applicant.

The Trust appreciates the cooperation of the Board of Selectmen, the Community Preservation Committee, the Planning Board and the Zoning Board of Appeals, as well as other Town boards and officials. The Trust also appreciates input and assistance from Town citizens, all of whom are welcome to attend its meetings. Please visit the link to our website at the Town of Hingham at http://hingham-ma.gov.

Tim White, Chair
Kevin Connelly
Anita Comerford
Patrick Gaughen
Aylene Calnan
Nancy Kerber
Peter Vanderweil
Dan Jacobson
Paul Gannon

Necia O'Neill - Administrative Secretary


Board of Trustees (Appt. By Selectmen, ART 21 ATM 2007)
Tim White
Kevin Connelly
Anita Comerford
Patrick Gaughen
Nancy Kerber
Peter Vanderweil
Dan Jacobson