The Haven Terrace Leasehold Condominium was created in 1997 after renovation and rehabilitation of the homes on Haven Terrace.This one bedroom first floor unit has a laundry and access to a yard for gardening and enjoyment of the outdoors.Peeks of Gloucester Harbor from the many windows in the open living area, ample closet storage and pets are allowed. This permanently affordable unit requires buyers to meet income limits as follows: 1 person $47,450, 2 persons $54,200 and three persons $61,000. Buyers are required to take a first time home buyer class prior to closing and a post closing class will also be required. Residents of Haven Terrace must perform 40 hours of work at the complex over a year's time doing, for example, shoveling, yard and garden work. Buyers must provide a pre approval stating that the lender will loan on a ground lease. No rentals. Buyers will be required to qualify with Dept of Housing & Community Development through Harborlight Community Partners
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