The Albion – 16 Stearns Rd., Wellesley – Affordable Home Ownership Lottery

The project consists of the redevelopment of a lot containing 44,578 square feet of land with a proposed four-story, 24 unit, multi-family residential housing project.  The proposed building includes a base story for parking and 3 residential floors above.  Parking will include 34 garage spaces and 14 surface spaces.  Each residential floor will contain 8 condominium units:  seven 2-bedroom units and one 3-bedroom unit.  Six of the 24 units will be restricted to households earning less than 80% if the area median income, with 5 of those affordable units containing 2-bedrooms & 2 baths; and one unit containing 3-bedrooms & 2 baths with living areas ranging in size from 1,054 – 1,485 square feet.

The units will be deeded one underground parking space and will have electric heat and air conditioning, hardwood flooring and tile floors in the bathrooms.  Appliances include stove, refrigerator, dishwasher, microwave, washer and dryer.  Water and sewer utilities are included in the condo fee.  Interior finishes of the affordable units may differ from the market rate units.  See affordable building specifications.

• $306,800 for the 2-bedroom units with a condo fee of $140.06/mo.
• $341,000 for the 3-bedroom units with a condo fee of $155.67/mo.

KEY MILESTONES

• Application Period Opens:  7/1/2025
• Information Session:  7/30/2025
• Application Deadline :  9/5/2025
• Lottery Date:  9/10/2025

APPLICATIONS

Applications will be available via email or USPS mail from, and must be returned to the Lottery Agent:  Kristen Costa, L.A. Associates, Inc., 5 Middlesex Ave., Unit 16, Wilmington, MA  01887, phone (978) 758-0197, fax (978) 658-7333   email:  kriscosta@laassoc.com   TTY:  711, when asked 978-758-0197

Applications will also be available at:  Wellesley Town Hall, 888 Worcester St. and Wellesley Free Library at 530 Washington St.  Applications can also be downloaded at the following websites:  L.A. Associates, Inc.:  www.laassoc.com  and the state affordable housing:  www.mymasshome.org

Application deadline: September 5, 2025

INFORMATION SESSION

A public information meeting will take place remotely via Zoom.  Following are the meeting details: Date:  Wednesday July 30, 2025 @ 6:00 pm via Zoom, Meeting ID:  874 3098 8423, Passcode:  107546, Call in:  (305) 224-1968

LOTTERY DATE

The lottery will take place remotely via Zoom.  Following are the meeting details: Date:  Wednesday, September 10, 2025 @ 6:00 pm via Zoom, Meeting ID:  848 7307 1959, Passcode:  349921, Call in:  (929) 205-6099