When I die, will my heirs be able to live in the property?

For units in the State’s affordable housing programs, a transfer by will or by an executor or administrator of the owner’s estate to the owner’s spouse will not trigger the resale or transfer restrictions in the Deed Rider provided that the executor or administrator within 90 days of his/her appointment has given the Monitoring Agent notice of the devise or inheritance of the unit; and the owner’s spouse intends to continue to use the unit as a principal residence.

Any other person who is an heir, legatee, or devisee of the unit owner must demonstrate that he/she is an eligible purchaser, as defined in the Deed Rider; otherwise that person must transfer the unit in accordance with the Deed Rider.

Contact your Monitoring Agent or the RHSO for more information.