St. Louis Schoolhouse

St. Louis Schoolhouse, Fall River, MA
Affordable Housing Lottery

Four 1BR 80% AMI Condos for $188,508 (condo fee: $247/mo.)
Five 1BR 100% AMI Condos for $233,213 (condo fee: $329/mo.)
Five 2BR 80% AMI Condos for $212,075 (condo fee: $278/mo.)
Four 2BR 100% AMI Condos for $262,520 (condo fee: $369/mo.)

This is a lottery for the eighteen (18) affordable 1-bedroom and 2-bedroom units located within St. Louis Schoolhouse, a renovation of an existing school building in Fall River. Nine (9) of these units will be sold at affordable prices to households with incomes at or below 80% of the area median income (AMI), and Nine (9) of these units will be sold at affordable prices to households with incomes at or below 100% of area median income (AMI). Affordable homes are expected to be ready starting in the Summer of 2025. Units will feature LED recessed lighting with smart wi-fi light switches, mini split AC units, on demand hot water system, a video doorbell system, high end counter tops, contemporary cabinet design, in unit washer and dryer appliances, floating vanities, and more. The community will feature bike storage, security camera system, a mail and storage room, trash chute system, conference room and co-working space, elevator, an elevated outdoor balcony for common use, and 18 parking spaces.

# of Household Members 80% Maximum Income Limit 100% Maximum Income Limit
1 $62,950 $78,680
2 $71,950 $89,920
3 $80,950 $101,160
4 $89,900 $112,400

The Maximum Household Asset Limit is $150,000.
Qualified retirement accounts are exempted.

Public Info Session
April, 28th, 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
May 20th, 2025 at 2:00 pm
Completed Applications and Mortgage Pre-Approvals must be received by this date.

Lottery
June 3rd, 2025 at 6:00pm 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, please visit: www.sebhousing.com or call (617) 782-6900 x2 and leave a message, or postal mail SEB Housing, 257 Hillside Ave., Needham, MA 02494. Free translation available. Traducción gratuita disponible.

Equal Housing Opportunity