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Trust approves closing-cost assistance for family-sale unit at 21.5 Allens Lane
Summary
The Affordable Housing Trust voted to approve a closing-cost assistance application for a deed-restricted unit being sold between family members at 21.5 Allens Lane; the unit will enter deed restrictions upon resale and the Trust will require repayment of any excess assistance at closing.
At its June 3 meeting the Affordable Housing Trust approved a closing-cost assistance application for Grace Antonovich and Patrick O'Toole for 21.5 Allens Lane, a sale between family members that will become deed restricted on resale.
Christy Ferantella, housing office staff, explained the application is processed through the qualified family-member covenant creation and…
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