Close
Current temperature in Boston - 62 °
BECOME A MEMBER
Get access to a personalized news feed, our newsletter and exclusive discounts on everything from shows to local restaurants, All for free.
Already a member? Sign in.
The Bay State Banner
BACK TO TOP
The Bay State Banner
POST AN AD SIGN IN

Trending Articles

Sisters In Stitches quilt guild hosts Roxbury exhibition

BPS parents push for COVID safety protocols

Public art celebrating Freedom House debuts in Dorchester

READ PRINT EDITION
For Sale

7 Summer Street • Somerville

Affordable Housing

City of Somerville
INCOME-RESTRICTED HOMEOWNERSHIP OPPORTUNITY
7 Summer Street • Somerville, MA 02143

5 Income-Restricted Homeownership Units

# of Units # of Bedrooms Price Maximum Income Limit (% AMI)
3 1-Bedroom $331,283 80%-110%
1 2-Bedroom $264,691 80%
1 2-Bedroom $380,187 80%-110%

Maximum Income Limits
(set by the HUD + based on Household Size + AMI)
Household Size 80% AMI 80%-110% AMI
1 $78,300 $78,301 – $107,954
2 $89,500 $89,501 – $123,376
3 $100,700 $100,701 – $138,798
4 $111,850 $111,851 – $154,220
5 $120,800 $120,801 – $166,558
6 $129,750 $129,751 – $178,895
* 2022 Area Median Incomes for the Boston, Cambridge, Quincy, MA-NH MSA.

Maximum Asset Limits
80% AMI 80%-110% AMI
$75,000 $75,000
Does not include retirement. Does include Real Estate.

Applications are available during the application period, from September 9th, 2022 through November 8th, 2022.

To request an online application, visit: www.7SummerLottery.com. To have a hard copy of the application mailed to you, please email 7Summer@MaloneyProperties.com or call (617) 639-3064 Ext 736

Fully completed + signed applications must be submitted online or postmarked no later than November 8th, 2022.

Mailed to:
Maloney Properties, Inc.
Attn: Summer Street Lottery
27 Mica Lane, Wellesley, MA 02481

Information Sessions:
Wednesday, September 22nd, 2022 at 12:00PM
Wednesday, October 5th, 2022 at 6:00PM

Join Zoom Meeting
https://maloneyproperties.zoom.us/j/85338579709?pwd=bnFtekhRVGFuOVRHemtPdW5jWlB1UT09

Meeting ID: 853 3857 9709
Passcode: 140474
One tap mobile
+13092053325,,85338579709#,,,,*140474# US
+13126266799,,85338579709#,,,,*140474# US (Chicago)

• Selection by lottery. Asset, Use & Resale Restrictions apply.
• Preference for Households with at least one person per bedroom.

For more information, language assistance, or to make a request for reasonable accommodations, please call (617) 639-3064 Ext 736 or email 7Summer@MaloneyProperties.com

Equal Housing Opportunity

7 Summer Street, Somerville, MA, USA
Already a member? Sign in.
The Bay State Banner