The Foundry at Wakefield
Wakefield Affordable Housing Lottery
$282,300 for a 2BR unit (condo fees are $216/mo)
$250,800 for a 1BR unit (condo fees are $192/mo)
The affordable homes will be ready for occupancy in Fall 2020
This is a lottery for the 10 affordable homeownership units being built at The Foundry at Wakefield in Wakefield, MA. All 10 homes will be sold at an affordable price to households with incomes at or below 80% of the Area Median Income. 5 of the Affordable homes have 1 bedroom and 1 bathroom, and 5 of the Affordable homes have 2 bedrooms and 1 bathroom. Condos are equipped with open, integrated space for today’s modern lifestyle. Units will contain luxury vinyl plank flooring throughout, stainless steel profile appliances by GE, shaker style cabinets, and granite countertops. The bathrooms boast porcelain tile flooring and Kohler plumbing fixtures. The Foundry offers 83 luxury condominium units in an ideal downtown location, providing ready access to restaurants, shops, Lake Quannapowitt, and the Commuter Rail to Boston.
Maximum Household Income Limits:
$67,400 (1 person) $77,000 (2 person) $86,650 (3 person) $96,250 (4 person)
The Maximum Household Asset Limit is $75,000.
Completed Applications and Mortgage Pre-Approvals must be received or postmarked by 2 pm on October 26th, 2020.
Applications and Pre-Approvals postmarked by the deadline must be received no later than 5 business days from the deadline.
A Public Info Session will be held on September 28th, 2020, at 6:00pm via YouTube at https://youtu.be/IIcgDc2dzV0 (or just search for SEB Housing) and via Conference Call — (425) 436-6200. Code: 862627
The lottery will be on November 5th, 2020 at 6pm. Applications and Information available at www.sebhousing.com
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. Free translation available. Traducción gratuita disponsible.
Equal Housing Opportunity