An Income-Restricted 2 Br Condo for Sale

On March 2, 2022, in Latest News, by The Somerville Times

Unit 301 is located at 13 Alpine St. in Somerville and available to an income eligible, first-time homebuyer through the City of Somerville’s Inclusionary Housing Program*

Unit 301 Sale Price: $196,710
Initial Condo Fee: $100
Minimum 3% Down Payment: $5,902
Annual Gross Income Limits for households in Tier P1- 80% AMI:
2 people | $80,850
3 people | $90,950
4 people | $101,150
Asset Limit (excluding restricted accounts): $75,000

More information on amenities, floor plans & property, visit: https://santanapropertiesteam.com/

INFORMATIONAL VIDEO:
Visit somervillema.gov/inclusionaryhousing
IMPORTANT DATES: Applications will be available March 1st – March 31st
Online at: somervillema.gov/inclusionaryhousing
Hard copies and more information: Call (617) 625-6600 X 2566 or email us at inclusionary@somervillema.gov to request a hard copy
BY-APPOINTMENT CONDO SHOWINGS: March 12th 11- 1pm and March 16th 6- 8pm Space is limited,contact us at 617-625-6600 X 2566 or inclusionary@somervillema.gov, to request an appointment.
APPLICATION DEADLINE: Thursday March 31, 2022 at 2:00 PM
LOTTERY: Tuesday April 12, 2022 at 2:00 PM.
Register to view the lottery here: https://attendee.gotowebinar.com/register/7551965249891365899
COMPLETE APPLICATIONS MUST BE:
Faxed to: 617-591-3235; Emailed to: inclusionary@somervillema.gov
Mailed/Dropped off to
: City Hall Annex Attn: Inclusionary Housing Program
50 Evergreen Ave., Somerville, MA 02145;
VIRTUAL OFFICE HOURS:
Thursdays @ 5:30-7:30 PM
Online: https://global.gotomeeting.com/join/591022621
Call in: +1 (872) 240-3412 / Access code: 591-022-621
* Units are subject to Affordable Housing Restriction in perpetuity, other restrictions may apply


Individuals with disabilities who need auxiliary aids and services for effective communication, written materials in alternative formats, or reasonable modifications in policies and procedures, in order to access the programs and activities of the City of Somerville or to attend meetings, should contact the ADA Coordinator, Adrienne Pomeroy, at 617-625-6600 x2259 or apomeroy@somervillema.gov.

 

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