7 Summer Street • Somerville

City of Somerville
INCOME-RESTRICTED HOMEOWNERSHIP OPPORTUNITY
7 Summer Street • Somerville, MA 02143

5 Income-Restricted Homeownership Units

# of Units # of Bedrooms Price Maximum Income Limit (% AMI)
3 1-Bedroom $331,283 80%-110%
1 2-Bedroom $264,691 80%
1 2-Bedroom $380,187 80%-110%

Maximum Income Limits
(set by the HUD + based on Household Size + AMI)
Household Size 80% AMI 80%-110% AMI
1 $78,300 $78,301 – $107,954
2 $89,500 $89,501 – $123,376
3 $100,700 $100,701 – $138,798
4 $111,850 $111,851 – $154,220
5 $120,800 $120,801 – $166,558
6 $129,750 $129,751 – $178,895
* 2022 Area Median Incomes for the Boston, Cambridge, Quincy, MA-NH MSA.

Maximum Asset Limits
80% AMI 80%-110% AMI
$75,000 $75,000
Does not include retirement. Does include Real Estate.

Applications are available during the application period, from September 9th, 2022 through November 8th, 2022.

To request an online application, visit: www.7SummerLottery.com. To have a hard copy of the application mailed to you, please email 7Summer@MaloneyProperties.com or call (617) 639-3064 Ext 736

Fully completed + signed applications must be submitted online or postmarked no later than November 8th, 2022.

Mailed to:
Maloney Properties, Inc.
Attn: Summer Street Lottery
27 Mica Lane, Wellesley, MA 02481

Information Sessions:
Wednesday, September 22nd, 2022 at 12:00PM
Wednesday, October 5th, 2022 at 6:00PM

Join Zoom Meeting
https://maloneyproperties.zoom.us/j/85338579709?pwd=bnFtekhRVGFuOVRHemtPdW5jWlB1UT09

Meeting ID: 853 3857 9709
Passcode: 140474
One tap mobile
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• Selection by lottery. Asset, Use & Resale Restrictions apply.
• Preference for Households with at least one person per bedroom.

For more information, language assistance, or to make a request for reasonable accommodations, please call (617) 639-3064 Ext 736 or email 7Summer@MaloneyProperties.com

Equal Housing Opportunity