Andover Townsman, Andover, MA

News

January 24, 2013

ACT puts affordable home on Andover Street

Calling for homeowner of $175,000 three-bedroom home

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ACT states that the organization is a strong believer that economic diversity is an important contributor to vital and livable communities. ACT will not discriminate in the selection of applicants. Individuals who have a financial interest in the project are not eligible to participate.

The half-acre lot on Andover Street was purchased by ACT from the town of Andover at a public tax-title auction in 2010. Pearson explained that ACT will continue to own the land, just as it does with the other five ACT homes in Andover. The house will be sold with a 99-year ground lease and resale formula to establish a purchase price to keep the home affordable, if the owner chooses to sell it in the future.

Pearson designed the Andover Street home. It is the third ACT home built by students from the Greater Lawrence Technical School, he said.

For more information, visit the ACT website at andoverclt.org or email ACT at andoverclt@gmail.com.

Andover Community Trust's affordable houses A three-bedroom home at 98 Andover St., selling for $175,000, will be Andover Community Trust's sixth affordable house built in town. The other ACT affordable homes are on these streets: Haverhill Street Heather Drive River Road Cheever Circle North Street A seventh ACT home is planned and will be built on Woburn Street.

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