The apartments located at 86 Richardson Road, Chelmsford MA are comprised of 16 one-bedroom apartments in a two-story building with an elevator built in 2001. Built with a $550,000 grant through DHCD the Buyer must meet their approval and assume the affordability restrictions that run with the property. The tenants must be 55 plus in age and their income cannot exceed 80% of the Area Median and will increase to 100% in 2021. The grant has no payments due and must be assumed by the new Buyer in addition to the price. It will subordinate to new debt placed on the property and expires along with the affordability restrictions in June 2031.