Applications for the wait (backup) list are currently being accepted.
Review and acceptance of applications will be completed on a rolling basis.
Please review the following documents carefully and in advance of completing your application.
Heritage Woods Application
KHHT Purchase & Sale Agreement- One Story Home (to be completed upon selection for a Heritage Woods Home)
KHHT Purchase & Sale Agreement- Two Story Home (to be completed upon selection for a Heritage Woods Home)
PLEASE NOTE: Applications will be received and reviewed on a first come, first serve basis.
Buyers of homes in Heritage Woods are expected to benefit from funding made available through MaineHousing and through the Federal Home Loan Bank of Boston as described in the Financing section. Included here are:
MaineHousing’s Declaration of Covenants and Restrictions (to be signed by all homebuyers);
This MaineHousing document restricts both sale price and buyer’s income for sales within nine years, after which the grant is forgiven and no further MaineHousing restrictions apply.
Federal Home Loan Bank of Boston’s (FHLBB) Note and Retention Mortgage Agreement for the Equity Builder Program (to be signed by purchasers of a one story home);
The FHLBB documents restrict only the income of the buyer and only for a five year period
Federal Home Loan Bank of Boston’s Note and Retention Mortgage Agreement for the Housing Our Workforce Program (to be signed by purchasers of a two story homes).
These documents contain restrictions on selling the purchased home for higher amounts or to higher income buyers than would be compatible with continuing affordability. In general, these restrictions are very similar to the restrictions on resale contained in the Land Lease and KHHT is confident that compliance with the terms of the Land Lease will enable compliance with these required documents.