ELEVEN (11) INCOME-RESTRICTED CONDOMINIUMS FOR SALE
Nine (9) units are located at 60 Cross Street East and Two (2) units are located at 109 Prospect Street, available to income eligible, first-time homebuyers through the City of Somerville’s Inclusionary Housing Program*.
60 CROSS STREET EAST SALES PRICES MIN. 3% DOWN PAYMENT
UNIT 229 (STUDIO @ 80% AMI) $159,140 $4,774
UNIT 210 & 333 (1BR @ 80% AMI) $167,666 $5,029
UNIT 108 (2BR @ 80% AMI) $193,212 $5,796
UNIT 104 (3BR @ 80% AMI) $219,019 $6,571
UNIT 303 (STUDIO @ 110% AMI) $222,343 $6,670
UNIT 225 & 321 (1BR @ 110% AMI) $237,733 $7,132
UNIT 205 (2BR @ 110% AMI) $271,831 $8,245
109 PROSPECT STREET SALES PRICES MIN. 3% DOWN PAYMENT
UNIT 304 (2-BR @ 80% AMI) $194,611 $5,838
UNIT 201 (2-BR @ 110% AMI) $277,293 $8,319
ANNUAL GROSS INCOME LIMITS FOR HOUSEHOLDS 80% 110%
1 PERSON $78,300 $78,301 – $107,954
2 PEOPLE $89,500 $89,501 – $123,376
3 PEOPLE $100,700 $100,701 – $138,798
4 PEOPLE $111,850 $111,851 – $154,220
5 PEOPLE $120,800 $120,801 – $166,558
Asset Limit: $75,000 (excludes restricted accounts)
INFORMATIONAL VIDEO: Visit somervillema.gov/inclusionaryhousing
APPLICATIONS AVAILABLE: June 30th – August 1st
APPLICATION DEADLINE: Monday, August 1st, 2022 at 2:00 PM
Online at: somervillema.gov/inclusionaryhousing
Hard copies and more information: Call (617) 625-6600 X 2566 or email us at inclusionary@somervillema.gov to request a hard copy
COMPLETE APPLICATIONS MUST BE:
Faxed to: 617-591-3235; Emailed to: inclusionary@somervillema.gov Mailed/Dropped off to:
City Hall Annex
Attn: Inclusionary Housing Program
50 Evergreen Ave.,
Somerville, MA 02145
LOTTERY: Thursday, August 11th, 2022 at 2:00 PM.
Register to view the lottery here:
https://attendee.gotowebinar.com/register/3953110863251220750
OPEN HOUSES:
60 Cross St.:
Wednesday, July 13th, 2022 from 6 PM – 8 PM Saturday, July 23rd, 2022 from 11 AM – 1 PM
109 Prospect St.:
Saturday, July 16th, 2022 from 11 AM – 1 PM Wednesday, July 20th, 2022 from 6 PM – 8 PM
VIRTUAL OFFICE HOURS: Thursdays @ 5:30-7:30 PM
Online: https://global.gotomeeting.com/join/591022621
Call in: +1 (872) 240-3412 / Access code: 591-022-621
* Units are subject to Affordable Housing Restriction in perpetuity, other restrictions may apply.
Individuals with disabilities who need auxiliary aids and services for effective communication, written materials in alternative formats, or reasonable modifications in policies and procedures, in order to access the programs and activities of the City of Somerville or to attend meetings, should contact the ADA Coordinator, Adrienne Pomeroy, at 617-625-6600 x2259 or apomeroy@somervillema.gov.
Equal Housing Opportunity
