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For Sale

The Post

Affordable Housing

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

124 Highland Avenue, Somerville, MA, USA
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