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For Sale

Gloucester Pier Condominiums

3 bedrooms

Affordable Housing

City of Gloucester
Income-Restricted Homeownership Opportunity

Gloucester Pier Condominiums
116 East Main Street, Gloucester, MA 01930

1 INCOME-RESTRICTED HOMEOWNERSHIP UNIT
# of Units # of Bedrooms Price Estimated Monthly Condo Fee Maximum Income Limit (% AMI)
1 3-Bedroom $293,950 $250 80%

MAXIMUM INCOMES
(set by BPDA + based on Household Size + Area Median Income (AMI))
Household Size Maximum Income (80% AMI)
1 $82,950
2 $94,800
3 $106,650
4 $118,450
5 $127,950
6 $137,450
* 2023 Area Median Incomes for the Boston, Cambridge, Quincy, MA-NH MSA

MAXIMUM ASSET LIMITS
80% AMI
$75,000
Does not include retirement. Does include Real Estate.

Applications are available from Monday, March 4th, 2024 — Saturday, May 4th, 2024

To fill out an application online, please visit www.GloucesterPierLottery.com

To have a hard copy of the application mailed to your mailing address, please email GloucesterPier@MaloneyProperties.com, call (617) 639-3064 Ext 713 | US Relay 711, or visit www.GloucesterPierLottery.com and use the ‘Contact Us’ form at the bottom of the page

You may also pick up an application in-person at:
Sawyer Free Library
Monday & Wednesday: 8am-6pm
Tuesday: 8am-6:15pm
Thursday: 10am-7pm
Friday & Saturday: 10am-5pm

DEADLINE: Applications must be submitted online or postmarked no later than Saturday, May 4th, 2024

Mailed to:
Maloney Properties, Inc.
ATTN: Gloucester Pier Lottery
27 Mica Lane
Wellesley, MA 02481

• Selection by Lottery. Asset, Use & Resale Restrictions Apply.
• Preference for Households with at least one person per bedroom.

For more information, free language assistance, or reasonable accommodations for persons with disabilities please email GloucesterPier@MaloneyProperties.com or call (617) 639-3064 Ext 713 | US Relay 711

Equal Housing Opportunity

116 East Main Street, Gloucester, MA 01930