1521 BEACON

Newton Affordable Housing Lottery
www.s-e-b.com

$249,900 for a 3BR Condo for 80% AMI (condo fees are $61/mo)
$248,200 for a 3BR Condo for 65% AMI (condo fees are $51/mo)

Both affordable homes will be ready for occupancy in Nov/Dec 2018

This is a lottery for the 2 affordable condominiums being built at 1521 Beacon Street in Newton, MA. One home will be sold at an affordable price to households with incomes at or below 80% of the Area Median Income. The other home will be sold at an affordable price to households with incomes at or below 65% of the Area Median Income.

The two affordable homes feature 1,850 of livable space, plus a 300 sqft garage. Both units have 2 full bathrooms and one half-bathroom and have one garage parking space and one surface parking space. Units also feature three zones heating and central A/C, quartz countertops in kitchen and bathrooms, Frigidaire appliances (fridge, stove, dishwasher, microwave), on-demand hot water heater, LVT tile on first floor throughout, master bedroom on first floor, hardwood flooring on second floor, carpeting on third floor, laundry room (but washer/dryer are NOT included).

Maximum Household Income Limits for 80% AMI unit:
$73,000 (3 people), $81,100 (4 people),
$87,600 (5 person), $94,100 (6 people)

Maximum Household Income Limits for 65% AMI unit:
$63,115 (3 people), $70,070 (4 people),
$75,725 (5 person), $81,315 (6 people)

The Maximum Household Asset Limit is $75,000.

Completed Applications and Required Income Documentation
must be received, not postmarked, by 2 pm on August 20th, 2018

A Public Info Session will be on July 31st, 2018 at 6 pm in the Druker Auditorium at Newton Free Library (330 Homer Street).

The lottery will be on Sept 10th, 2018 at the same location. Applications and Information available at the Newton Free Library (open M-Th 9am-9pm, F 9-6, Sat 9-5, Sun 1-5. The Library is closed on Sundays in July and August.)

For Lottery Information and Applications, or for reasonable accommodations for persons with disabilities, go to www.s-e-b.com/lottery
or call (617) 782-6900 (x2) and leave a message.
Free translation available.

Equal Housing Opportunity