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MASSACHUSETTS AFFORDABLE HOUSING ATTORNEY
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Attorney Profile
Condominiums
Restrictive Covenants
The Closing Process
Links
AFFORDABLE HOUSING RESTRICTIVE COVENANTS
Ownership of Affordable Housing Units often involves being
subject to promises or obligations related to the housing
unit which are effective not only against the present owner
of the land, but the subsequent owners (e.g. future buyers
of the Unit). These "restrictions" (sometimes called
“Covenants”) often involve conditions of ownership including
that the Unit be owner-occupied or, if it's allowed to be
rented, that the Unit be rented to qualifying tenants at
fixed rental rates and upon established rental terms. They
may also require that the Affordable Housing Unit only be
sold to qualified Buyers at a set resale price and that one
or more state or local agency have the option to purchase
the Unit before it can be sold to anyone else. Many times,
the Restrictions will establish the maximum amount that a
Buyer is allowed to borrower to purchase, or later
refinance, the Affordable Housing Unit.
It is
very important that a Buyer of an Affordable Housing Unit
completely understands all of the Restrictions involved with
the Unit to avoid any unpleasant surprises in the future.
We believe that all Buyers of Affordable Housing Units
should have all documentation related to the Unit reviewed
by a competent attorney.
WE ARE EXPERIENCED
WITH AFFORDABLE HOUSING MATTERS
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STEVEN BLOOM, ESQ.
CUSHNER & BLOOM, P.C.
Attorney at Law
1170 BEACON STREET, SUITE 200
BROOKLINE, MASSACHUSETTS 02446
TELEPHONE (617) 608-0019
FAX (617) 608-0022
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Attorney Profile|Condominiums|Restrictive Covenants
The Closing
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DISCLAIMERS
The Rhode Island Supreme Court licenses all attorneys
in the general practice of law. The court does not license or
certify any lawyer as an expert or specialist in any field of
practice. Steven Bloom, Esq., is licensed to practice in the
Commonwealth of Massachusetts. Steven Bloom, Esq. is also
licensed to practice in the State of Rhode Island. Our Office is
located in Brookline, Massachusetts. The information provided in
this Web Page Set is offered for informational purposes only; it is
not offered and does not constitute legal advice. Cushner &
Bloom, P.C. does not seek to represent you based upon your visit or
review of this Web Page Set. The information provided in this Web
Page Set is offered for informational purposes only; it is not
offered and does not constitute legal advice. Although we
intend to keep this information current, we do not promise or
guarantee that the information is correct, complete or up-to-date.
You should not act or rely upon the information in this Web Page Set
without seeking the advice of an attorney. Cushner & Bloom, P.C.
does not seek to represent you based upon your visit or review of
this Web Page Set. The attorney-client relationship does not
begin until Cushner & Bloom has evaluated the potential client's
case and a contract between Cushner & Bloom, P.C. has been agreed
upon. Please feel free to send us e-mail with your thoughts about
our Web Page Set or to request more information about us. The
transmission of an e-mail request does not create an attorney-client
relationship and you should not send us via e-mail any information
or facts relating to your legal problem or question. If you are a
client of Cushner& Bloom, P.C., your e-mail may not be privileged or
confidential. If you are a client, remember that e-mail may NOT be
secure. There is a risk that your communication may be intercepted
illegally. There may also be a risk of waiver of attorney-client
and/or work-product privileges that may attach to your
communication. ADVERTISING. |
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