Current 40B
Homeowners

As the Monitoring Agent for over 1,690 Chapter 40B homes across Massachusetts, CHAPA ensures these affordable homes stay affordable and in the hands of the people who need them.

You’ll find a list of the 40B homes we monitor below as well as policies for current 40B homeowners and FAQ. Please contact CHAPA’s homeownership staff with any other questions.

Where We Monitor

Ballardvale Crossing

Municipality:
Andover

Brookside at Andover

Municipality:
Andover

Coachman's Ridge

Municipality:
Andover

Greenwood Meadows

Municipality:
Andover

The Willows

Municipality:
Ayer

The Village at Bedford Woods

Municipality:
Bedford

Fieldstone Landing

Municipality:
Berkley

Jack Henry Estates

Municipality:
Berkley

Padelford Woods

Municipality:
Berkley

Alexander Estates

Municipality:
Billerica

Barrett Farm

Municipality:
Billerica

Hidden Oaks

Municipality:
Billerica

McKenna Woods

Municipality:
Billerica

Mt. Pleasant Place

Municipality:
Billerica

Salisbury Hill Estates

Municipality:
Billerica

The Villages at Pinehurst

Municipality:
Billerica

Regency at Bolton

Municipality:
Bolton

Turtle Crossing

Municipality:
Braintree

Old Cedar Village

Municipality:
Bridgewater

Indian Woods

Municipality:
Canton

Turtle Brook Village

Municipality:
Canton

Laurel Hollow

Municipality:
Carlisle

Orchard Woods

Municipality:
Chelmsford

Pineview Condominiums

Municipality:
Chelmsford

Riverbrook Commons

Municipality:
Chelmsford

Slocum Farms

Municipality:
Dartmouth

The Meadows at Dover

Municipality:
Dover

Park Place Estates

Municipality:
Dracut

Riverside Landing

Municipality:
Dracut

Wayside Farm

Municipality:
East Bridgewater

Hunter Estates

Municipality:
East Wareham

Mountainview Condos

Municipality:
East Wareham

Fairway Village

Municipality:
Edgartown

High Street

Municipality:
Edgartown

Dillingham Place (Wise Living)

Municipality:
Falmouth

Kendall Lane

Municipality:
Falmouth

Wild Harbor

Municipality:
Falmouth

84 Cocasset Street

Municipality:
Foxborough

The Village

Municipality:
Freetown

Hilltop Farms

Municipality:
Grafton

Blue Hill Commons

Municipality:
Great Barrington

Groton Residential Gardens

Municipality:
Groton

Groveland Commons

Municipality:
Groveland

Savory Woods

Municipality:
Groveland

Carriage House Junction

Municipality:
Hamilton

Trail Ridge

Municipality:
Harvard

Derby Brook

Municipality:
Hingham

Fisher Terrace

Municipality:
Holden

The Orchards at Holliston

Municipality:
Holliston

Peppercorn Village

Municipality:
Hopkinton

Stagecoach Heights

Municipality:
Hopkinton

Esplanade at Main Street

Municipality:
Hudson

Knott's Clearing

Municipality:
Hudson

General Patton Drive

Municipality:
Hyannis

Cogswell Street

Municipality:
Ipswich

Ipswich River Point

Municipality:
Ipswich

Safford Street

Municipality:
Ipswich

North Bedford Crossing

Municipality:
Lakeville

Wood's Edge

Municipality:
Lakeville

Blue Heron Pond

Municipality:
Lancaster

Lancaster Woods

Municipality:
Lancaster

Lancaster Estates

Municipality:
Leominster

Wildflower Meadows

Municipality:
Littleton

Grandview Estates

Municipality:
Lynnfield

Bay Brook Village

Municipality:
Mansfield

Marblehead Highlands

Municipality:
Marblehead

The Reserve at Oliver Pond

Municipality:
Marblehead

Village at Marstons Mills

Municipality:
Marstons Mills

Fox Run Farm

Municipality:
Medway

Woodside Condos

Municipality:
Medway

Cobbler's Knoll

Municipality:
Mendon

Cobbler's Brook

Municipality:
Merrimac

The Village at Merrimac

Municipality:
Merrimac

Fern Hill Estates

Municipality:
Methuen

Stone Castle

Municipality:
Methuen

Greystone Estates

Municipality:
Middleborough

The Groves

Municipality:
Middleborough

Tispaquin Farms

Municipality:
Middleborough

Maple Street

Municipality:
Middleton

Beaver Pond Commons

Municipality:
Milford

The Village at Cedarview

Municipality:
Milford

Tuckerdale

Municipality:
Millis

Surfside Crossing

Municipality:
Nantucket

Maritime Landing

Municipality:
Newburyport

Auburndale Yard

Municipality:
Newton

Town Center Condos

Municipality:
Norfolk

Kittredge Crossing

Municipality:
North Andover

Meetinghouse Commons

Municipality:
North Andover

Oakridge Village/Maplewood Reserve

Municipality:
North Andover

Waverly Oaks

Municipality:
North Andover

Dexter Street

Municipality:
North Attleboro

Central Place

Municipality:
North Reading

Edgewater Place Condos

Municipality:
North Reading

Elmwood Village

Municipality:
North Reading

Whittridge Place

Municipality:
North Reading

Church Street Village

Municipality:
Northborough

Dunia Gardens

Municipality:
Northborough

Sunny Side Estates

Municipality:
Northborough

Arrowhead Village

Municipality:
Norton

Woodland Green

Municipality:
Norton

Wise Living

Municipality:
Orleans

Crystal Lake Village

Municipality:
Palmer

Juniper Village

Municipality:
Peabody

Barker Square

Municipality:
Pembroke

Oldham Park

Municipality:
Pembroke

Pine Grove Estates

Municipality:
Pembroke

Lowell Place

Municipality:
Pepperell

Cranberry Knoll

Municipality:
Pepperell

Larkwood in Raynham

Municipality:
Raynham

Old Farm Village

Municipality:
Raynham

Wildflower Green

Municipality:
Raynham

Eaton Lakeview

Municipality:
Reading

Greystone Way

Municipality:
Reading

Sumner Cheney

Municipality:
Reading

Horton Farm

Municipality:
Rehoboth

Jennifer Condominiums

Municipality:
Rockland

Maplewood Estates

Municipality:
Rockland

Village at Ox Pasture

Municipality:
Rowley

111 Beach Road

Municipality:
Salisbury

Annie's Pasture

Municipality:
Sandwich

Granite Ridge

Municipality:
Sandwich

Central Street

Municipality:
Saugus

Mt. Pleasant Street

Municipality:
Saugus

Oak Point Village

Municipality:
Saugus

Whitcomb Pines

Municipality:
Saugus

Meeting House Lane

Municipality:
Southborough

Chocksett Crossing

Municipality:
Sterling

Stonegate Village

Municipality:
Sterling

Highland Village

Municipality:
Sterling

Village at Ames Pond

Municipality:
Stoughton

Crescent Gate

Municipality:
Stoughton

Carriage Lane

Municipality:
Sudbury

Ocean Watch

Municipality:
Swampscott

Ocean Cove

Municipality:
Swansea

Powhattan Estates

Municipality:
Taunton

The Settlement

Municipality:
Taunton

Daymill Townhouses

Municipality:
Templeton

Livingston Place

Municipality:
Tewksbury

Roberts Reach

Municipality:
Tewksbury

Shawsheen Woods

Municipality:
Tewksbury

Holly Lane

Municipality:
Tewksbury

Benjamin Condos

Municipality:
Townsend

Coppersmith Way

Municipality:
Townsend

Maple Ridge Estates

Municipality:
Tyngsborough

Merrimac Landing

Municipality:
Tyngsborough

Tyngsborough Crossing

Municipality:
Tyngsborough

Village at Maple Ridge

Municipality:
Tyngsborough

Whispering Pines

Municipality:
Tyngsborough

Samreen Villa I & II

Municipality:
Upton

Coolidge Park

Municipality:
Wakefield

Millbrook Estates

Municipality:
Wakefield

Richmond Vista

Municipality:
Wakefield

Sterling Lane Condominium

Municipality:
Wakefield

425 Main Street

Municipality:
Wareham

68 Fearing Hill Road

Municipality:
Wareham

Carleton Place

Municipality:
Wareham

Cedar Farm Estates

Municipality:
Wareham

Cromesett Landing

Municipality:
Wareham

Wayland Gardens

Municipality:
Wayland

Afra Terrace

Municipality:
West Boylston

Meadowbrook Condos

Municipality:
West Bridgewater

Village at Riverbend

Municipality:
West Bridgewater

Alder Point

Municipality:
Westford

Concord Place

Municipality:
Westford

Rosegate at Westford

Municipality:
Westford

Brigg's Landing

Municipality:
Westford

Franklin Village

Municipality:
Westford

40B Homeowner Policies

Principal Residence

You must occupy the home as your primary residence.

Transfer

  • Transfer of the home to a trust is generally prohibited.
  • If you are considering adding or removing a household member as a co-signer to the deed, or ownership is affected by the death of an owner, a new deed must be prepared for CHAPA’s review prior to recording.
  • Please see the full Estate Planning & Transfer policy for details.

Resale

  • If you plan to sell your home, you must notify CHAPA.
  • Your home will remain affordable and be sold at a price that is affordable to a new income-eligible buyer (the “Maximum Resale Price”). The Maximum Resale Price will be calculated by your Monitoring Agent as defined in your Affordable Housing Restriction.
  • CHAPA will help coordinate the advertising and eligible-buyer selection process.
  • You pay a small fee, 2.5% or less of the Maximum Resale Price, to CHAPA at the time of sale.
  • Please see our full Resale policy for details.

Capital Improvements

  • You may make any desired improvements to your home. However, only Capital Improvements that are necessary maintenance can be considered in the calculation of the Maximum Resale Price.
  • Examples include: new roof, appliance replacement, heating or plumbing work, adding air conditioning or solar panels, or other work needed to maintain the condition of the home and its marketability.
  • Homeowners must request approval of Capital Improvements. If you are considering solar panels, you must contact us prior to signing any agreements, leases, loans, or installation.
  • Please see the full Capital Improvements policy for details.

Refinancing

  • You may refinance or take out a second mortgage, including to take our equity in your home.
  • CHAPA must approve any refinances or second mortgages.
  • Total mortgage balance cannot exceed 97% of your current Maximum Resale Price.
  • All interest rates must be fixed; Home Equity Lines of Credit are generally not permitted.
  • Please see our full Refinancing policy for details.

Property Tax & Condo Fee

  • Your 40B home may have special considerations for property taxes and condo fees. Please see the full policy for more information.
  • Please see the full Property Tax & Condo Fee policy for details.

40B Homeowner FAQs

What counts as an improvement (vs. maintenance) that can be added to the resale price?

Only approved and qualified Capital Improvements can be added to the resale value. The value is based on the cost and depreciation. See the “Capital Improvements Policy” for more information.

I would like to finish my basement because my family is growing, and I need the extra space. Can I do this even though it does not qualify as an approved capital improvement and I understand that it will not be factored into my resale price?
You may refinish space in your home. However, the cost of the improvements will be completely absorbed by you and will not be factored into the resale price or the specifications of the home. For example, if your home was purchased as a 2 bedroom unit, it will be marketed and sold as a 2 bedroom unit even if there is a new finished space that can serve as an extra room. As always, all improvements must also comply with state, local, and condo or HOA requirements.
Can I get a home improvement loan to cover the cost of major repairs?
It is possible to get a home improvement loan; it will depend on the amount of your unpaid principal balance and the terms of the home improvement loan you are seeking (i.e. interest rate, closing costs, term). You will need to work with you CHAPA to determine what is permitted. See the “Refinance Policy” for more information.
Can I pull equity out of my home to pay for my child’s education or consolidate debt?
Taking out equity on your home is a type of refinancing and any refinancing can only occur if the loan meets certain requirements and benefits to you are clear. That said, it is possible to pull out equity; it will depend on the amount of your unpaid principal balance and the terms of the loan you are seeking (i.e. interest rate, closing costs, term). You will need to work with your CHAPA to determine what is permitted.

See the “Refinance Policy” for more information.

Can I refinance with an adjustable-rate mortgage? How about a Home Equity Line of Credit (HELOC)?
Generally, no. Mortgages for both initial sales and refinancing must be fixed interest rate loans. Most HELOCs do not have fixed interest rates.
I got married after I bought the house. Can I add my spouse to the deed?
Yes. As long as the spouse lives in the home as their principal residence, they may be added to the deed. However, you must contact CHAPA to confirm the process and receive approval.
My spouse is moving out although we’re not getting divorced. Can I take them off the deed?
Yes. They should be removed from the deed if the home is no longer their primary residence. However, the you must contact CHAPA to confirm the process and receive approval. You may also need your mortgage holder’s consent to do this.
Can I start a home business from my home?
As long as you conform to your local zoning ordinance for home business, you are permitted to start a home business in your home.
Can I rent out a room in my home (roommate situation)?
Yes, a roommate situation is permitted as long as you meet HUD or DHCD occupancy requirements for same-sized units as your home and you continue to live in your unit as your primary residence.
Can I do a short-term rental of a room in my home if I am also living there full time?
Yes. The same rationale in the above response would apply. However, you would also need to confirm that short-term rentals, including services like Airbnb, would not violate your condo/HOA rules and regulations.
Can I add someone to the deed who doesn't live in the property.
No. Non-household members cannot be added to the deed and are also not permitted as cosigners of the mortgage.
Can I sell this home and buy another 40B home?
You can sell at any time. You must meet eligibility requirements and go through the buyer selection process for buying a new home.
Do I need a broker to resell my unit?
No. CHAPA is in charge of coordinating the sale process to another Eligible Buyer. However, you may decide to engage a third party real estate broker if you feel that it would hasten the sale of your unit and you are eager to exit as soon as possible.
What happens when a homeowner dies? Can my children inherit the home?
Please see “Estate Planning & Transfer Policy” for more information.
Can I transfer the home into a trust?
No. Transfer of a 40B home into a trust is not permitted.