Somerville Inclusionary Homeownership Opportunity at 143 Cedar Street

On September 27, 2026, in Latest News, by The Somerville Times

~Photo courtesy of City of Somerville

Apply by Friday, October 9

Applications are now open for the sale of a deed-restricted condominium at 143 Cedar Street in the Spring Hill neighborhood to eligible, first-time homebuyers. The unit will be sold at below market price through the City of Somerville’s Inclusionary Housing Program and is available to income-eligible households with a combined annual gross income at or below 80% of the Area Median Income (AMI).

Tier/AMI

Bedrooms

Sales Price

Minimum 3% Downpayment

Current Condo Fee

Estimated Property Taxes*

Area

Tier P1/ 80%

2

$239,334

$7,180

$223 per month

$232/ per month

1,205 sq. ft.

Maximum Gross Annual Household Income

  No. of persons in       household:

2 People

3 People

4 People

5 People

80% Area Median Income:

$109,700

$123,400

$137,100

$148,100

Asset Limit (excluding restricted accounts): $105,574

How to Apply:

Apply now through 12 p.m. on Friday, October 9. Open houses will be held on Sunday, September 27, 2026 from 11 a.m. to 12 p.m. and Thursday, October 1 from 5 to 6 p.m.

Pre-lottery applications are available online at somervillema.gov/inclusionaryhousing or paper copies may be requested at Somerville City Hall (93 Highland Ave), City Hall Annex (50 Evergreen Ave), and any of the Somerville Public Library Branches.

Completed applications can be emailed to inclusionary@somervillema.gov or mailed or delivered to the City of Somerville Housing Division, 50 Evergreen Ave., Somerville, MA 02145.

For more information on the City’s Inclusionary Housing Program, visit somervillema.gov/inclusionaryhousing.

 More About 143 Cedar Street: 

143 Cedar is a multi-unit condominium complex in the Spring Hill neighborhood. Unit 2 is on the first and second floor and is a two-bedroom, two-bathroom unit. It includes two tandem, on-site parking spaces, in-unit laundry, a private patio, and storage in the basement of the building.

-City of Somerville

 

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