The Beacon

City of Newton Income-Restricted Homeownership Opportunity

THE BEACON
1114 Beacon Street
Newton, MA 02461

6 INCOME-RESTRICTED HOMEOWNERSHIP UNITS
# of Units | # of Bedrooms | Estimated Square Feet | Estimated Monthly Condo Fee Price Maximum Income Limit (% AMI)
1 | 1-Bedroom | 1,206 | $111 | $256,600 | 80%
1 | 1-Bedroom | 1,653 | $111.39 | $256,600 | 80%
1 | 2-Bedroom | 1,634 | $131.10 | $302,000 | 80%
1 | 1-Bedroom | 1,071 | $160.61 | $370,000 | 110%
1 | 2-Bedroom | 1,649 | $198.16 | $456,500 | 110%
1 | 3-Bedroom | 1,392 | $200.68 | $462,300 | 110%

MAXIMUM INCOME LIMITS
(set by HUD + based on household size + Area Median Income (AMI))
Household size 80% AMI 100% AMI 110% AMI
1 $91,200 $114,200 $125,620
2 $104,200 $130,600 $143,660
3 $117,250 $146,900 $161,590
4 $130,250 $163,200 $179,520
5 $140,700 $176,300 $193,930
6 $151,100 $189,400 $208,340

MAXIMUM ASSET LIMITS
80% AMI: $75,000; 110% AMI: $150,000

Do not include Retirement. Do include Real Estate

Applications are available during the application period, from Wednesday, February 19th, 2025 — Sunday, April 20th, 2025

To request an online application or to have one sent by email, visit www.TheBeaconAffordables.com

To have a hard copy of the application mailed to your mailing address, please call (617) 531-7123 Ext 781 | US Relay 711, email TheBeacon@MaloneyProperties.com, or visit www.TheBeaconAffordables.com and use the ‘Contact Us’ form at the bottom of the page.

Applications can also be picked up in-person at:
Newton Free Library — 330 Homer Street Newton, MA 02459
During normal business hours

INFORMATION SESSION:
Attendance at the information session is not required. The session will be recorded and available for at-request viewing Wednesday, March 12th, 2025 at 1pm
https://maloneyproperties.zoom.us/j/84460325377?pwd=LPpmvzhHDBGnuUmpbtVDm3KoTt2Tii.1
Meeting ID: 844 6032 5377 Passcode: 768488

• Selection by Lottery.
• Asset & Use Restrictions Apply.
• Preferences Apply.

DEADLINE: Applications must be submitted online or postmarked no later than Sunday, April 20th, 2025
Mailed to: Maloney Properties, Inc., 27 Mica Lane, ATTN: The Beacon Lottery, Wellesley, MA 02481

For more information, free language assistance, or reasonable accommodations for persons with disabilities please call (617) 531-7123 Ext 781 | US Relay 711 or email TheBeacon@MaloneyProperties.com

Equal Housing Opportunity