Affordable Housing Restrictive Covenants
Massachusetts Affordable Housing Attorney
Steven S. Bloom, Esq.
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.
1170 Beacon Street Brookline MA 02446
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.
Phone: (617) 608-0019
Fax: (617) 608-0022