The city announced that eight condominiums are going to be sold to all first-time homebuyers through a lottery system.
There are several things to keep in mind for applicants:
- Homes are sold by lottery
- Only qualified applicants will be entered
- The property is deed-restricted; owner-occupancy requirements apply
- Income and asset limitations apply
- You must be a first-time homebuyer
- Homebuyers will need to complete an approved homebuyer education course prior to closing
- Boston residency preference
- Preference for households with a mobility impairment for accessible unit
- Preference for households who meet or exceed the number of bedrooms
The condos were built by the Jamaica Plain Neighborhood Development Corporation (JPNDC). Below is more information about the units.
Income limits for qualified buyers are based on 80% and 100% Area Median Income Limits as defined by the United States Department of Housing and Urban Development (HUD).
Six condos for households at or below 80% AMI
- One 2-bedroom, 1 bathroom units at $221,900
- Five 4-bedroom, 2 bathroom units at $288,700
Two condos for households at or below 100% AMI
- One 2-bedroom, 1 bathroom unit at $288,700
- One 4-bedroom, 2 bathroom unit at $366,900
- The 80% AMI 2-bedroom unit is built-out for persons with mobility impairments.
- Units range from single story to three stories and some feature an unfinished basement and patio.
- All condominiums have hardwood floors, central air, and washer and dryer hookups.
To qualify for the 80% AMI units, your annual income must be equal to or less than:
- 1 person: $66,650
- 2 persons: $76,200
- 3 persons: $85,700
- 4 persons: $95,200
- 5 persons: $102,850
- 6 persons: $110,450
To qualify for the 100% AMI units, your annual income must be equal to or less than:
- 1 person: $83,300
- 2 persons: $95,200
- 3 persons: $107,100
- 4 persons: $119,000
- 5 persons: $128,550
- 6 persons: $138,050
Buyer will be selected by lottery. The deadline for lottery applications is April 23, 2021. Click here for an application. Please call 617-635-4663 with any questions.
Income limits for qualified buyers are based on 80% and 100% Area Median Income Limits as defined by HUD.