MetroWest Daily News
Holliston: Using trust to make foreclosed home affordable
HOLLISTON - In an effort to help low-income families afford homes in Holliston, the town is using funds from its affordable housing trust to refurbish a foreclosed condominium and designate it as affordable housing. Officials explained that they will spend $25,000 on back taxes, $19,000 on owed condo fees and $50,000 to repair the unit and will sell it to a family that makes less than the median income, which is $96,000. Officials defended the expenditure, saying it would cost $250,000 to build a new home.