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  • Published Date

    June 27, 2018
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Newton Affordable Housing Lottery 1521 BEACON www.s-e-b.com $249,900 for a 3BR Condo for 80% AMI (condo fees are $61/mo) $248,200 for a 3BR Condo for 65% AMI (condo fees are $51/mo) Both affordable homes will be ready for occupancy in Nov/Dec 2018 This is a lottery for the 2 affordable condominiums being built at 1521 Beacon Street in Newton, MA. One home will be sold at an affordable price to households with incomes at or below 80% of the Area Median Income. The other home will be sold at an affordable price to households with incomes at or below 65% of the Area Median Income. The two affordable homes feature 1,850 of livable space, plus a 300 sqft garage. Both units have 2 full bathrooms and one half-bath- room and space. Units also feature three zones heating and central A/C, quartz countertops in kitchen and bathrooms, Frigidaire appliances (fridge stove, dishwasher, microwave), on-demand hot water heater, LVT tile on first floor throughout, master bedroom on first floor, hardwood flooring on second floor, carpeting on third floor, laundry room (but washer/dryer are NOT included). have one garage parking space and one surface parking Maximum Household Income Limits for 80% AMI unit: $73,000 (3 people), $81,100 (4 people) $87,600 (5 person), $94,100 (6 people) Maximum Household Income Limits for 65% AMI unit: $63,115 (3 people), $70,070 (4 people) $75,725 (5 person), $81,315 (6 people) The Maximum Household Asset Limit is $75,000 Completed Applications and Required Income Documentation must be received, not postmarked, by 2 pm on August 20th, 2018 A Public Info Session will be on July 31st, 2018 at 6 pm in the Druker Auditorium at Newton Free Library (330 Homer Street). The lottery will be on Sept 10th, 2018 at the same location. Applica- tions and Information available at the Newton Free Library (open M-Th 9am-9pm, F 9-6, Sat 9-5, Sun 1-5. The Library is closed on Sundays in July and August.) For Lottery Information and Applications, or for reasonable accom modations for persons with disabilities, go to www.s-e-b.com/lottery or call (617) 782-6900 (x2) and leave a message.