Lenox Housing Trust Grant First-Time Homebuyers

Do you know of a first-time home buyer looking for a home in Lenox?  Households that earn a modest income may qualify for housing grants up to $10,000.  The Town of Lenox Housing Trust has initiative grants in the amount of 5% of the purchase price (maximum of $10,000 per grant) for those qualifying with participating banks in conjunction with the Federal Home Loan Bank Equity Builder Program (Equity Builder Program also offers a grant).

  • Grants will be on a first come first serve basis with proven mortgage commitment from a participating lender.
  • Maximum of $50,000 available for Housing Trust grants.
  • Homebuyer will agree to a 5 year declining recapture of the grant if the home is sold in the first 5 years.


  • Applicants do not have to live in Lenox as long as the home being purchased is in Lenox.
  • Households can make no more than 80% of HUD Median Income (see below).
  • Standard secondary market underwriting criteria determined by participating lender.
  • Borrower(s) cannot own any other residential properties.
  • Homebuyer counseling must be completed by borrower(s) if they are a first time homebuyer.
  • 1-4 family units or condos – owner occupied only.

Income Limits per Household  (80% HUD Median Family Income: 2017)

1 person    2 person    3 person    4 person    5 person    6 person    7 person    8 person
$44,800     $51,200    $57,600     $64,000     $69,150    $74,250     $79,400     $84,500

Maximum Purchase Price of Home

Lenders Participating:

  • Adams Community Bank – Contact Jackie McNinch (413) 281-8769
  • Lee Bank – Contact Marge Pero (413) 243-9223
  • Pittsfield Coop – Contact Mike Barbieri at (413) 629-1605
  • Greylock Federal Credit Union – Contact Erin Carlotto at (413) 347-6114

Click here for the PDF flyer: TOWN HALL – 6 WALKER STREET – LENOX, MA 01240