Gloucester Pier Condominiums

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

We will be holding two (2) virtual informational sessions over Zoom:
Wednesday, April 3rd, 2024 & Wednesday, April 10th, 2024 @ 12pm
https://maloneyproperties.zoom.us/j/88080337481?pwd=KFa90n3Vgovnnhqogc09b5EnFublfB.1
Meeting ID: 880 8033 7481
Passcode: 834507
One tap mobile
+13052241968,,88080337481#,,,,*834507# US
+13092053325,,88080337481#,,,,*834507# US

• 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