Wrenly Residences

Affordable Housing Lottery

Wrenly Residences
62-76 Foundry Street, Wakefield, MA

Three (3) 1 Bedroom Condominiums for $264,300 ($201/month condo fees)
Seven (7) 2 Bedroom Condominiums for $297,500 ($226/month condo fees)

Wrenly Residences is a new homeownership community comprised of 58 residential homes located at 62 Foundry Street in Wakefield, steps from the Wakefield MBTA train station. This is a lottery for ten (10) affordable condominiums. Each unit will include in-unit laundry and one exterior surface parking space. The condos feature single-level living, oversized windows with an abundance of natural light, and thoughtfully design layouts. General building amenities include two elevators, a fitness room, package room, common rooms including a fireplace lounge and co-working spaces, and an elevated landscaped courtyard with grilling stations and gathering areas. Through the lottery process, these condos will be sold at affordable prices to households with incomes at or below 80% of the area median income. The condominiums are expected to be ready for occupancy in May 2025.

Maximum Household Income Limits
$91,200 (1 person), $104,200 (2 people), $117,250 (3 people) $130,250 (4 people)

The Maximum Household Asset Limit is $75,000.

PUBLIC INFO SESSION February 18, 2025 at 6:00 pm via Zoom
Go to zoom.com/join or call (646) 558-8656 and
enter Meeting ID: 818 9317 7595, Passcode: 088159

APPLICATION DEADLINE March 17, 2025 at 2:00 pm
Completed Applications and Mortgage Pre-Approvals must be delivered or postmarked by this date. Applications postmarked by the deadline must be received no later than 5 business days from the deadline.

LOTTERY April 3, 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

Attendance is not required at Info or Lottery sessions. To view the recorded sessions at a later date, please search for Wrenly Residences on the SEB Housing YouTube channel.

For Lottery Information and Applications, or for reasonable accommodations for persons with disabilities, go to www.sebhousing.com or call (617) 782-6900 x2 and leave a message or postal mail SEB Housing, 257 Hillside Ave, Needham MA 02494. For TTY Services dial 711.

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