MAYOR JOSEPH A. CURTATONE AND STREET REALTY INC. ARE PLEASED TO ANNOUNCE 15 INCOME-RESTRICTED HOMEOWNERSHIP UNITS LOCATED AT ALLOY, ASSEMBLY ROW OPPORTUNITY 275 Foley Street, Somerville Units will be ready for occupancy upon purchase Applications will be available at the end of the first information session Only then can you find the application and information packet at s-e-b.com or somervillema.gov I households must be first-time homebuyers AND must submit a valid first-time homebuyers training class certificate dated within the last 3 years from the application deadline OR proof of current enrollment in a first-time homebuyers training class which will be completed by Jan 9th, 2019 AND a current mortgage pre-approval letter incl. an interest rate/range with their applications. Alloy Condominiums (visit alloyatassembly.com to view information about the amenities, floor plans and development in general) isa part of mixed-use building consisting of 122 residential units, a hotel and restaurants and retail space. No. of Bathrooms Monthly Condo Approx. Size Minimunm Unit Type Sales Prices No. of Units Fee (Sq. Ft)Household Size 80% Area Median Income (AMI) Units S153 1BR S152,618 702-806 2BR $177198 $178 110% AMI Units $217 $251 143-1,307 1BR $215,802 $250,073 26-855 2BR 1,178-1307 Owners have access to ONE parking space rented (for free), in perpetuity at the Montaje garage (next door). Condo fees are set by the Condo Association going forward and are subject to changes. MAXIMUM Gross Annual Income Limits Household Size 110% AMI Units $56801-$83,006 $64,901-$94,864 $73,001-$106,722 $81101-$118,580 $87601-$128,066 80% AMI Units $56800 $64.900 $73,000 $81,100 $87600 Both head of households cannot be full-time student;units subject to Affordable Housing Restriction in perpetuity Info sessions will be held on: Thursday Oct 11th, 2018, 6:30 to 8:30 PM (East Somerville Community School Auditorium, 50 Cross St) and Thursday Nov 13th, 10:30 AM to 12:30 PM (4th floor of the Visiting Nurses Association on 405 Alewife Brook Parkway,park at Dilboy Field) Open Houses@Alloy are 0ct 24 (6 pm to 7:30 pm)and Nov 10th (noon to 2 pm) Application Deadline: Applications must be completed and delivered before 2 PM on Monday. Dec 10th, 2018 SEB at 257 Hillside Ave Needham, MA 02494 or emailed to alloy.affordable@sebhousing.com Lottery: Thursday, Jan 9th, 2019 at Aldermanic Chambers at City Hall at 93 Highland Ave or viewed on YouTube.com/SomervilleCityTV For more information about the application process, please contact SEB at 617-782-6900 or Andres Bueno at: 617-625-6600 ext. 2584 or via email at: abueno@somervillema.gov Individuals with disabilities who needauxiliary aids and services for effective communication writtenmaterials in alternative formats, orreason- able modlifications in policies and procedures, in orderto access the programs andactivities ofthe City of Somerville orto attend meetings, should contact the City's manager of Diversity, Equity and Inclusion, Nency Salamoun, at 617-625-6600x2323 ornsalamoungsomervillema.gov