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Sharon Housing Trust to build new affordable home

SHARON — The Sharon Housing Trust (SHT) has announced plans to build a new home. Trust President Melinda Sweet said it will be a 1,444-square-foot, three-bedroom, two-bathroom Cape-style house on two floors. There will be a garage, a walkout basement and a large rear deck overlooking the Twin Oaks field on Low Road.The house is expected to sell for between $150,000 and $175,000. The trust, which completed its first house in 2007, provides affordable home ownership for low- and middle-income Sharon residents.The trust is taking applications from qualified buyers before construction begins, so the buyer can have some input into the design and finishing of the home. And, Sweet said, “By contributing sweat equity toward the building of the house, it is possible the purchase price can be reduced.”The lowest level of the house will have a two-car garage and a basement. The main floor will have a living room, dining room, kitchen, combination full bath and laundry room with a shower and one bedroom. The top floor will have two bedrooms (one with a walk-in closet), plus a full bathroom with tub. The homesite is 4.14 acres; much of it is wetland, but it has been approved for development. And, as Sweet noted, with wetland there is less grass to mow and less snow to plow. The footprint of the house will be 34 feet wide by 24 feet deep.Homes built by the Sharon Housing Trust are available to families who live and/or work in Sharon, with household incomes from about $70,000 to $100,000, depending on household size. Families must also be eligible to obtain a mortgage from the Connecticut Household Finance Authority.“This is a great opportunity to purchase an affordable house,” Sweet said. “It’s a perfect confluence of low price, low interest rates, available grant money, a spectacular site and lovely home design. Financial and real estate experts agree that this is a unique time for home buyers. They also agree that this will not be the case in five years.”The homeowner owns the house itself; the Housing Trust owns the underlying land. The house can be sold at a future date to an income-qualified buyer or left to the owner’s heirs. The house design is by trust board member David Moore.“The future sale price can reflect the original purchase price plus authorized improvements and cumulative inceases in the consumer price index,” Sweet said.Sweet said applications forms are now available at www.sharonhousingtrust.org, or by calling Sue Cummings at 860-364-0276 or Sharon Tingley at 860-364-5321.For general information about the Sharon Housing Trust, call Sweet at 860-364-0028 or email sweetheld@mindspiring.com. Donations are being sought for a $50,000 challenge grant. Send them to the Sharon Housing Trust, PO Box 1168, Sharon, CT 06069.

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