Richmond Meadows II

Affordable Rental Housing Lottery

RICHMOND MEADOWS II Rental Apartment Development
(Phases V and VI – Second Lottery) – Twelve (12) AMI Restricted Rental Apartment Units
1, 2, 3 and 6, 7 Gooseberry Place
Located off Old South Road – Town of Nantucket, MA

The Richmond Meadows II (Phases V and VI) Rental Apartment Development Project is comprised of a 55-unit component and is the final two phases of the total 225-unit rental apartment community located off Old South Road in Nantucket. This lottery is for a series of twelve (12) units of AMI restricted rental apartment units, the first of which are scheduled to be available for initial occupancy immediately following the lottery. The twelve (12) AMI restricted rental apartments are being made available through this application and lottery process, and will be rented to households with the following annual income limits and at the following monthly rents:

Two (2) Units will be Rented to Households Earning 80% or Less of the Area Median Income (AMI)
80% AMI Maximum Household Income Limits: $76,750 (1 person), $87,750 (2 people)
80% AMI Restricted Unit Monthly Rents: One Studio @ $1,752, One 1BR @ $1,998

Five (5) Units will be Rented to Households Earning 110% or Less of the Area Median Income (AMI)
110% AMI Maximum Household Income Limits:
$117,887 (1 person), $134,728 (2 people), $151,569 (3 people), $168,410 (4 people)
110% AMI Restricted Unit Monthly Rents: Four 1BRs @ $3,173, One 2BR @ $3,535

Five (5) Units will be Rented to Households Earning 120% or Less of the Area Median Income (AMI)
120% AMI Maximum Household Income Limits:
$128,604 (1 person), $146,976 (2 people), $165,348 (3 people), $183,720 (4 people)
120% AMI Restricted Unit Monthly Rents: Two Studios @ $3,049 (or market rate, whichever is lesser),
One 1BR @ $3,479 (or market rate, whichever is lesser), Two 2BR @ $3,879

*These monthly rents are based on the 2024 HUD income limits and the December 2023 HAC Utility Allowances. In addition to the monthly rent, Tenants will pay for their own Electricity (Heat, Cooling, Hot Water, and Cooking are all electric). Residents of the 110-120% AMI units will also pay for their own water & sewer. For residents of the 80% AMI units, water and sewer charges are included in the rent.

Public Informational Session: November 7, 2024 at 6:00 pm via Zoom. Go to zoom.com/join or call (646) 558-8656 and enter Meeting ID: 818 9317 7595 or Households can view the session in the Community Room of the Public Safety Building at 4 Fairgrounds Road, Nantucket.

Application Deadline: December 9, 2024 at 2:00 pm. Applications postmarked by the deadline must be received no later than 5 business days from the deadline.

Lottery: January 9, 2025 at 6:00 pm via Zoom. Go to zoom.com/join or call (646) 558-8656 and enter Meeting ID: 857 2736 5609, Passcode: 276410

For Lottery Information and Applications, or for reasonable accommodations for persons with disabilities, go to www.sebhousing.com or call (617) 782-6900 x1 and leave a message. For TTY Services dial 711. Free translation is available. Traducción gratuita disponible. Tradução gratuita disponível.

Applications are also available at the Richmond Meadows II Leasing and Management Office located at 1 Orchid Place, Nantucket MA 02554 and at the Nantucket Atheneum (Library) located at 1 India Street, Nantucket MA 02554

Equal Housing Opportunity