The Post

City of Somerville Income Restricted Home Ownership Opportunity

THE POST
124 Highland Avenue, Somerville, MA 02124
www.ThePostLottery.com

Three (3) Inclusionary Homeownership Unit for Sale
Unit # | Unit Size | Approx. SF (Square Feet) | AMI | Purchase Price | Minimum Down payment (3%) | Estimated Monthly Condo Fee* & Taxes** | Minimum Household Size
301 | 1 Bedroom + Study | 806 | 80% | $192,438 | $5,773 | $71 / $146 | 1
105 | 2 Bedroom | 1212 | 80% | $214,894 | $6,647 | $79 / $165 | 2
203 | 2 Bedroom | 917 | 81%- 110% | $312,831 | $9,385 | $115 / $238 | 2

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.

Asset Limit: $75,000

Applications are available during the application period, from January 11th, 2023 through February 24th, 2023.

To complete an online application, visit: www.ThePostLottery.com.

To have a hard copy of the application mailed to you, please email ThePost@MaloneyProperties.com or call (617) 639-3064 Ext 760

Applications will also be able to pick up an application at the Somerville City Hall Annex, 50 Evergreen Avenue, Somerville, MA 0214

Fully completed + signed applications must be submitted online or postmarked no later than February 24h, 2023

MAILED TO:
Maloney Properties, Inc.
Attn: The Post Lottery
27 Mica Lane, Wellesley, MA 02481

INFORMATION SESSIONS:
n Wednesday, January 18th, 2023 at 12:00PM n Thursday, February 2nd, 2023 at 6:00PM
Join Zoom Meeting: https://maloneyproperties.zoom.us/j/85760200742?pwd=cVc4eFdFWlVONENSWDBaeTJKb0pHZz09
Meeting ID: 857 6020 0742 Passcode: 246167
One tap mobile
+16468769923,,85760200742#,,,,*246167# US (New York)
+16469313860,,85760200742#,,,,*246167# US

• 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 760 | US Relay 711 or email ThePost@MaloneyProperties.com

EQUAL HOUSING OPPORTUNITY