Affordable Housing Opportunities in Somerville

The City of Somerville works with private and nonprofit developers to create affordable housing opportunities for renters and homebuyers. Click on the tabs below to learn about affordable housing and other programs for income-eligible residents.

You can also search for affordable rentals and homeownership opportunities using the MassAccess website.

The Somerville Affordable Housing Trust Fund helps preserve and create affordable rentals and homes in Somerville. All projects and programs benefit low to moderate income families that are at or below 110% of the area median income. The Trust makes it possible to offer many of the rental and homeownership opportunities you’ll find on this page. You can learn more about the Trust Fund here

  • Inclusionary Affordable Homeownership Program

  • Inclusionary Affordable Rental Program

  • Income-Restricted Units Coming Soon

  • Resources for First-Time Buyers

  • Resources for Renters

  • Past Opportunities

Alert (10/30/2018): 353 Davis Applicants Will Receive Lottery ID Numbers Prior To November 15th By Email

Mayor Joseph A. Curtatone and the Office of Strategic Planning & Community Development (OSPCD) are pleased to announce the RESALE of a 2-bedroom condo at 50 Bow Street, available for homeownership to an income-eligible households between 81% and 110% AMI at an affordable price of $260,627 through the City of Somerville's Inclusionary Housing Program.

Applications are accessible at:

  • The Information Session or Open Houses (see details below); 
  • This link
  • City Hall Annex located at 50 Evergreen Ave, City Hall and all City of Somerville Public Library branches

50 Bow St. #3 is a 2 bedroom garden unit that is 957 sq. ft. located in Union Square. This unit will be offered to income eligible, ready buyers who can enter into a Purchase and Sales Agreement within 15 days after the City certifies income eligibility. Interested buyers should be ready to proceed and meet the income eligibility guidelines. This property is Deed Restricted and the sale price is set by formula. Buyers of this unit will be subject to the same equity and resale provisions.

Unit #3  
Sale Price of $260,627
957 sq. ft. Two bedroom unit with one bathroom
estimated monthly condo fee of $178.02 (subject to annual changes)

Review this flyer for qualification details: PDF icon EnglishPDF icon PortuguesePDF icon SpanishPDF icon Haitian-Creole

Information Session

Monday, Oct. 29 12:30-1:30PM in the Auditorium of the Somerville Public Library Central Branch located at 79 Highland Ave., Somerville on the 1st floor across from the circulation desk

Open House Dates

50 Bow Street on Sunday, Nov. 4:  11:30AM-1:30PM AND Wednesday, Nov. 7 at 6:00-8:00PM

Application Deadline

Thursday, Nov. 8th at 6:30 PM at 50 Evergreen Ave. Somerville, MA

Lottery

Monday, Nov. 26 at 11:00AM at City Hall Aldermanic Chambers at 93 Highland Ave., Somerville

Eligibility Requirements

  • Applicants must be income eligible, first-time homebuyers.
  • Minimum household of two (2) persons. Both co-head of households cannot be full-time students.
  • May not rent out, sublet or Airbnb unit under any circumstance.
  • The unit must be used as the buyers’ primary and principal residence and is subject to annual monitoring.
  • Deed Restrictions regarding equity and re-sale of the unit will apply.

Application & Lottery Process

  1. Applications must be complete and submitted to the Housing Division, along with a: I) mortgage pre-approval for a 30-year fixed rate standard mortgage including an interest rate or interest range, II) a copy of a valid first time homebuyer certificate or proof of enrollment in a first time homebuyers training class ending before Nov. 30th 2018
  2. Eligible households will be notified of their participation in the lottery ahead of the lottery via email.
  3. The first household pulled at the time of lottery must submit the most recent three (3) months of all income, asset statements and the last three (3) years of federal tax returns; additional documents may be requested.
  4. The City’s Housing Division will issue a Proceed Letter to an eligible household.

Application Deadline

Applications must be completed and delivered before 10:30 AM on Friday, October 26, 2018 to the City of Somerville Housing Division at 50 Evergreen Ave., Somerville, MA 02145 or emailed to [email protected] or [email protected], Late applications cannot be considered.

For additional questions or eligibility requirements, please go to somervillema.gov or contact Andres Bueno at 617-625-6600 x 2584 or [email protected]


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 City’s Manager of Equity, Diversity, and Inclusion, Nency Salamoun, at 617-625-6600 x2323 or [email protected]

OPORTUNIDAD DE REVENTA POR EL PROGRAMA de VIVIENDA INCLUSIVA

Alcalde Joseph A. Curtatone y la Oficina de Planeamiento Estratégico y Desarollo de la Comunidad (OSPCD) se complacen en anunciar la REVENTA de un condominio en 50 Bow Street a un hogar que es comprador por primera vez y elegible por ingresos, a un precio económico de $260,627 ofrecido por el programa de Viviendas Inclusivas de la Ciudad de Somerville.

Solicitudes NO ESTÁN disponibles antes del 29 de Octubre. Solicitudes estarán disponibles por:

50 Bow St. #3, Union Square es una unidad de 2 cuartos y de nível jardín con una área de 957 p2. Esta unidad será ofrecida a compradores preparados por primera vez y con ingresos elegibles que puedan entrar en un Acuerdo de Compra y Venta en 15 días siguiendo la certificación de elegibilidad por el Departamento de Viviendas de La Ciudad de Somerville. Compradores interesados deben estar preparados para proceder y cumplir con las restricciones y requísitos de elegibilidad de ingreso. Compradores de esta unidad serán sujetos a las mismas disposiciones de valor de la vivienda y reventa.

Sesión Informativa

Lunes, 29 de Oct. 12:30-1:30PM en el Auditorio de la Biblioteca Pública Central de Somerville unbicado en 79 Highland Ave., Somerville en el primer piso opuesto de la mesa de circulación

Fechas de Casa Abierta

Domingo, 4 de Nov.: 11:30AM-1:30PM Y Miércoles,7 de Nov. a las 6:00-8:00PM

Fecha Límite

Jueves 7 de Nov. a las 6:30PM a 50 Evergreen Ave. Somerville, MA 02145 

Lotería

Lunes, 26 de Nov. a las 11AM en City Hall Aldermanic Chambers ae 93 Highland Ave., Somerville

Requísitos de Elegibilidad

  • Solicitantes necesitan ser elegibles por ingresos y ser compradores de primera vez;
  • Ambos jefes de familia no pueden ser estudiantes de tiempo completo; Un mínimo de dos (2) personas;
  • No se permite rentar o subalquilar o Airbnb la unidad; 
  • La unidad tiene que ser su residencia principal y sujeto a monitoreo anualmente; 
  • Se aplicará Restricciones de Escritura sobre la reventa y participación en la unidad

PROCESO de INSCRIPCION  Y LOTERIA

  1. Aplicaciones estarán disponibles Lunes 13 de Agosto en: somervillema.gov/inclusionaryhousing o en la oficina del Departamento de Viviendas que se encuentra en City Hall Annex ubicado en: 50 Evergreen Ave, y  también en City Hall y las bibliotecas de la Cuidad de Somerville
  2. Aplicaciones completas tienen que ser entregadas al Dpto. de Viviendas con: I) una carta de pre-aprobación de hipoteca actual incluyendo  tasa/rango de interés, II) certificado válido de clase de capacitación para compradores de vivienda con fecha dentro de los últimos 3 años a partir de la fecha límite de solicitud o comprobante de inscripción actual en una clase de capacitación para compradores de vivienda nueva antes del 26 de Nov.
  3. Las viviendas elegibles serán notificadas de su elegibilidad y participación en la lotería antes de la lotería por correo electrónico. Al momento de la lotería, la primera vivienda escogida tendrá que entregar comprobantes de ingreso, cuentas bancarias y activos de los tres (3) meses más recientes y los últimos tres (3) años de declaraciones de impuestos federales, documentos adicionales pueden ser pedidos.
  4. El Departamento de Viviendas emitirá una carta “Proceed Letter” a una vivienda elegible y en ese momento tendrá 15 días para entrar a un Acuerdo de Compra y Venta.
Para obtener más información sobre el proceso de solicitud, comuníquese con Andres Bueno al 617-625-6600 x2584 o por correo electrónico a [email protected]
 
Personas con discapacidades que necesitan ayudas y servicios auxiliares para comunicación efectiva, materiales escritos en formatos alternativos o modificaciones razonables en políticas y procedimientos, para acceder a los programas y actividades de la Ciudad de Somerville o para asistir a reuniones, deben contactar al administrador de la Ciudad de diversidad, equidad e inclusión, Nency Salamoun, al 617-625-6600 x2323
 

OPORTUNIDADE PARA COMPRA de CASA COM PREÇO ACESSÍVEL

O prefeito Joseph A. Curtatone e o Escritório de Planejamento Estratégico e Desenvolvimento Comunitário (OSPCD) têm  o prazer de anunciar a REVENDA de uma unidade de condomínio com dois quartos com restrição de venda a um preço acessível de US $ 260,627 através de um sistema de loteria do programa de moradias accessíveis da Cidade de Somerville. As inscrições NÃO ESTARÃO disponíveis antes de 29 de outubro de 2018.  As fichas de inscrições podem ser acessadas:

50 Bow St. #3 e uma unidade de dois quartos de 957 pés/quadrados, localizada na Union Square. Esta unidade será oferecida a compradores elegíveis de acordo com a renda, aptos a firmar um contrato de compra e venda dentro de 15 dias após a Cidade certificar a elegibilidade deste. Os compradores interessados devem estar prontos para prosseguir e atender às diretrizes de elegibilidade de renda. Esta propriedade tem restrição de venda e o preço é definido por fórmula. Os compradores desta unidade estarão sujeitos às mesmas disposições de patrimônio.            

Unidade #3
957 pés/quadrados, Unidade de 2 quartos e 1 banheiro
Preço de Venda $260,627
Mensalidade de condomínio $178.02

Sessão Informativa 

Segunda-feira, 29 de outubro, 12:30hs às 13h30, na Auditório do Biblioteca Pública de Somerville localizada na 79 Highland Ave, no primeiro piso, em frente a  recepção.

Visitas ao Local

Domingo  4 de novembro:  11h30-13h30 e Quarta-feira, 7 de novembro 18h-20h

Prazo de inscrição

Quinta-Feira, 8 de novembro às 18h30 na 50 Evergreen Ave. Somerville, MA 02145

Loteria

Segunda-feira, 26 de novembro às 11h na City Hall Aldermanic Chambers, na 93 Highland Ave., Somerville

Regras

• Os candidatos devem ser elegíveis para renda, compradores de imóveis pela primeira vez.
• Família mínima de duas (2) pessoas. O chefe de família não pode ser um estudante em tempo integral.
• A unidade deve ser usada como residência principal dos compradores. Esta propriedade não pode ser alugada.
• Restrições de ações relativas a capital e revenda da unidade serão aplicadas.
• Outros requisitos e restrições de elegibilidade podem ser aplicados.

PROCESSO DEINSCRIÇÃO E LOTERIA

  1. As inscrições estarão disponíveis no site www.somervillema.gov/inclusionaryhousing , no City Hall Anexo localizado na 50 Evergreen Ave ou no SomerViva, na 93 Highland Ave, Somerville, basement. 2. As inscrições completas devem ser submetidas à Divisão de Habitação, juntamente com: a) Pré-aprovação de hipoteca padrão de taxa fixa de 30 anos incluindo uma taxa de juros ou intervalo de juros b) Os candidatos devem obter um certificado do curso de compradores de imóveis pela primeira vez ou comprovante de matrícula que termina antes de 12 de outubro de 2018.
  2. As famílias elegíveis serão notificadas da sua participação na lotaria antes do sorteio via email. Depois da loteria, a primeira família sorteada deve apresentar os comprovantes de bens dos últimos três (3) meses e os últimos três (3) anos de declarações de impostos de renda federais;  documentos adicionais podem ser solicitados.
  3. A Divisão de habitação da prefeitura emitirá uma Carta de Ação parao  domicílio elegível.

Para mais informações sobre o processo da aplicação Andres Bueno no telefone: 617-625-6600 ext. 2584 ou via email: [email protected]

Os indivíduos com deficiência que necessitam de  serviços auxiliares para comunicação efetiva, materiais escritos em formatos alternativos ou modificações razoáveis nas políticas e  procedimentos para acessar os programas e atividades da Cidade de Somerville ou para participar de reuniões, devem entrar em contato com a responsável pelo departamento de Equidade, Diversidade e Inclusão da Cidade, Nency Salamoun, no 617-625-6600 x2323 ou [email protected]

OPÒTINITE POU ACHTE YON KAY ABÒDAB ATRAVÈ TON VANT

Majistra Joseph A. Curtatone ak Biwo Devlòpman Ekonomik ak Planifikasyon Estratejik (OSPCD) gen plezi pou anonse ke yon batiman ki gen de chanm akouche gen pou nan mache pou REVANN pou yon fwaye ki gen yon revni elijib nan yon pri abòdab de $260,627 atravè Odonans Dekoupaj Enklizif Somerville la. Aplikasyon Yo Pa Disponib anvan 29 Oktob, 2018. Jwenn aplikasyon nan:

Se sou selon revni w ou kapab kalifye pou apatman sa,  moun ki prè pou achte ki ka pa pè pou gen yon kontra Dacha ak Vant nan 15 jou aprè vil la fin sètifye moun ki gen revni elijib la. Moun ki enterese pou achte yo dwe sipoze prè pou kontinye epi respekte kritè elijibilite yo. Pwopwiyete sa yon kontra limite epi pri de vant lan pral varye.  Pou moun ka p achte batiman sa a, si li ap revann, se pou li kenbe men to li te achte l la.

Apatman #3
genyen 957 m2 ak 2 chanm ak kouche ak yon sèl twalèt
Pri dacha se  $260,627
Frè pou condo a pa mwa se $178.02

Sesyon Enfòmasyon 

yo pral fèt nan 10:30-11:30AM, Lendi 29 Oktòb, 2018 nan Oditoryòm nan Branch Santral Somerville ki sitiye nan 79 Highland Ave. Somerville nan premye etaj la

Kay la Ouvri Pandan Jounen An

4 Novanm, 11:30AM-1:30PM NAN 7 Novan,  6:00-8:00PM

Dat Limit Aplikasyon

6:30PM, Jedi 8 Novanm nan 50 Evergreen Ave. Somerville, MA 02145

Lotri

Lendi, 11:00AM 26 Novanm nan City Hall Aldermanic Chambers nan 93 Highland Ave., Somerville

Kondisyon pou Kalifye

  • Aplikan yo dwe elijib, spesyalman achtè pou lapremye fwa yo; fwaye ki gen 2 moun epi yo dwe bay yon sètifika  dachèvman  (nan 3 denyè ane yo) oswa yon lèt deskripsyon  ke ouy te pran kou  pou  moun k ap achte kay pou pwemye fwa
  • Aplikan an pa bezwenn abite oswa travay nan  Somerville;si w se yon etidyan an plen tan, ou pap ka elijib pou kay la
  • Apatman an dwe itilize kom rezidans prensipal pou moun ki achte l la 
  • Lòt kondisyon elijibilite ak restriksyon yo ka aplike 
  • Gen restriksyon nan dokiman legal kay la a pwopo de kiyès ki kapab abite nan kay lè kay la revann

PWOSESIS POU APLIKASYON AN

  • Aplikasyon yo ap disponib sou  somervillema.gov/inclusionaryhousing oubyen nan annex meri a ki nan 50 Evergreen Ave 
  • Soumèt aplikasyon an nan Housing Division avèk yon: I) yon dokiman ki montre ke ou kalifye pou yon ipotèk pou 30 an ki inkli to enterè a. II) Kopi yon sètifika ke w app ran yon kou pou moun k ap achte kay pou pwemye fwa avant 12 Oktòb 2018 III) Verifikasyon ke wap travay (30 èd tan) oubyen wa p viv a plen tan nan Somerville.
  • Na p fè tout moun ki kalifye nan lotri sa a konnen pae emèl. Lè nou revele moun ki genyen nan lotri a, fwayr yo sipoze genyen mwa tout revni, yon dokiman ki montre tout byen fwaye a genyen, ak 3 zan tax, nou kapab mande lòt dokiman pou w pwouve kalifikasyon w.
  • Seksyon lojman an ap voye yon lèt bay tout fwaye ki elijib.

Pou aplikasyon an oubyen plus enfòmasyon vizite www.somervillema.gov oubyen kontakete: Vil Somervil- Depatman lòjman Andres Bueno at 617-625-6600 x 2584 or [email protected]

Moun andikape ki bezwen èd ak sèvis pou kominikasyon efikas,  dokiman ekri nan lòt fòma, oswa modifikasyon rezonab pou politik ak pwosedi., yon fason pou jwenn aksè nan pwogram ak aktivite kap fèt nan vil la oswa pouk a patisipe nan reyinyon yo tou. Ou dwe kontakte Manadjè Divèsite, ekite ak enklisyon, Nency Salamoun, nan 617-625-6600 x2323oswa [email protected].

 

 
 

Mayor Joseph A. Curtatone and Street Realty Inc. are pleased to announce 15 income-restricted homeownership units located at Alloy, Assembly Row 275 Foley Street, Somerville. Units will be ready for occupancy upon purchase. 

Review this flyer for qualification details: PDF icon EnglishPDF icon PortuguesePDF icon SpanishPDF icon Haitian

If you are a Somerville resident seeking language assistance in Spanish, Portuguese or Haitian Creole for the Alloy Information and Pre-Lottery Application Packet, please contactSomerViva. BY APPOINTMENT ONLY.

If you live outside of Somerville and seeking language assistance in Spanish, Portuguese or Haitian Creole for the Alloy Information and Pre-Lottery Application, please contact SEB at [email protected] or at 617-782-6900.

Si w se yon rezidan Somerville, epi ou bezwen tradiksyon an kreyòl Ayisyen pou aplikasyon sa a tanpri rele 617-625-6600 EXT.2622. Si w bezwen aksede sevis sa a tanpri rele pou yon randevou.

Si w abite an deyò Somerville epi ou bezwen tradiksyon an panyòl,pòtigè, oubyen kreyòl ayisyen pou enfomasyon sou applikasyon Alloy la oubyen lotri a tanpri kontakte SEB nan[email protected] oubyen nan 617-782-6900.

Si ud. es residente de Somerville buscando asistencia lingüística para el Paquete de Información y Solicitud para Alloy, contacte al: 617-625-6600 EXT. 2122. SOLO CON CITA PREVIA.Si ud. viva afuera de Somerville y buscando asistencia lingüística para el Paquete de Información y Solicitud para Alloy, contacte SEB a: [email protected] o 617-782-6900. 

Se você é residente em Somerville e precisa de assistência em Português para informações sobre o Edifício Alloy e o pacote de informações da pré-loteria, por favor ligue para 617-625-6600 extensão 2123. ATENDIMENTO SOMENTE COM HORA MARCADA.

Se você reside fora de Somerville e e precisa de assistência em Português para informações sobre o Edifício Alloy e o pacote de informações da pré-loteria, por favor entre em contato com a SEB pelo email [email protected] ou telephone 617-782-6900.

Information and Application Packets

Information Sessions

Info Session no. 1

                Date: Thursday, Oct. 11th 2018

                Time: 6:30 PM-7:30 PM

                Place: ESCS Auditorium

Info Session no. 2

                Date: Tuesday, Nov. 13th 2018

                Time: 10:30 AM-11:30 AM

                Place: VNA 405 Alewife Brook Parkway (please park in Dilboy Field lot)

Open House no. 1

                Date: Wednesday, Oct. 24th 2018

                Time: 6:00 PM- 7:30 PM

                Place: Alloy Condominium Complex

Open House no. 2

                Date: Saturday, Nov. 10th 2018

                Time: 12:00 PM -2:00 PM

                Place: Alloy Condominium Complex

Application Deadline

                Date: Monday, December 10th  2018

                Time: 2 PM

Applications must be completed and submitted before 2 PM via one of the following means;

In person: SEB at 257 Hillside Ave in Needham, MA 02494; or

City Hall Annex 50 Evergreen Ave Somerville, MA 02145; or

Email: [email protected]; or

Fax: 617-782-4500

Lottery

                Date: Wednesday, January 9th 2019

                Time: 10:30 AM

                Place: City Hall Aldermanic Chambers on 2nd Fl. 

                Or online at https://www.youtube.com/user/SomervilleCityTV

 


About the Program

Our Inclusionary Affordable Homeownership Program provides opportunities for first-time homebuyers based on income. Sign up here to get alerts whenever affordable housing units become available. To be eligible for the program, you must:

  • Be a first-time homebuyer
  • Intend to use the unit as your primary residence
  • Be a “ready buyer” and get a mortgage pre-approval
  • Agree to follow any Deed Restrictions on the unit
  • Have a certificate from an MHC Homebuyer Class by the closing date. If you haven’t taken the class yet, you can see a list of upcoming classes here.

Deed Restrictions

Affordable housing units have some important resale/equity restrictions. A few of them are listed below. We’ll give the winner a full copy of the restrictions during the Purchase and Sale process. You can also request a copy by calling us at (617) 625-2577 x2577.

  • The unit may have a Deed Restriction that limits equity and has some rules for reselling the home. We’ll need to reassess the home’s value if you decide to sell it in the future.
  • You’ll need to keep the home as your primary residence, but you have the option to sell it at any time. We perform residency certifications once a year.
  • Once we’ve certified that you are income-eligible, we won’t need to perform any additional income verifications.

Lottery Drawing and Process

We use a lottery to choose the winner, who will then be able to buy the home from its current owner. Here’s how it works:

  • We’ll draw each name and assign it an appropriate number.
  • The first name we draw is the winner and will have one week to certify their income with the Housing Division.
  • Once certified, the winner will enter the Purchase and Sale Agreement with the current homeowner.
  • The owner and buyer will agree on a closing date that’s convenient for both parties.
     

131 Orchard St.

Mayor Joseph A. Curtatone and Lacourt Enterprises, LLC. are pleased to announce two (2) affordable rental units located at the Chadwick in Davis The Chadwick is a 28 unit, four-story brick building with an elevator located at 131 Orchard Street. Two (2) units, including a one-bedroom and a two-bedroom, will be offered to income-qualified households at an affordable rent via an application and lottery process through the City of Somerville’s Inclusionary Housing Program.

 

1BR

Unit 31 for households with incomes 51% - 80% AMI

 

How many persons are in your household?

Is your household’s gross annual
income between the ranges below?*

Monthly Rent: $1,031**

1

$37,751 - $56,800

2

$43,151 - $64,900

3

$48,551 - $73,000

 

2 BR

Unit B1 for households with incomes at or below 50% AMI

 

How many persons are in your household?

Is your household’s gross annual
income between the ranges below?*

Monthly Rent: $1,202**

2

$20,280 - $43,150

3

$20,280 - $48,550

4

$20,280 - $53,900

 

*Minimum incomes are not applicable to Section 8 or other voucher holders

**Rents do not include the cost of electricity, heat is electric

Flyers

Application Timeline

  1. Open Application Begins: After the conclusion of the 1st Info. Session.
  2. 1st Info. Session: 6:30PM, Thursday, October 4, 2018 @ East Somerville Community School (ESCS) Auditorium located at 50 Cross Street in Somerville
  3. 2nd Info. Session: 10:30AM, Wednesday, November 7, 2018 @ Visiting Nurse Association (VNA) 4th Floor located at 405 Alewife Brook Pkwy. in Somerville (please park at Dilboy Field)
  4. Application Deadline: 2:30PM, Monday, December 3, 2018 at 50 Evergreen Ave. in Somerville
  5. Lottery Date: 10:30AM, Monday, December 17, 2018 @ Aldermanic Chambers City Hall located at 93 Highland Ave. Somerville

If you have any other questions please contact Andres Bueno, Program Specialist at 617-625-6600 ext.2584 or [email protected].

 

First-Time Homebuyer Education

There are several programs to help you learn about the home buying process. They’ll teach you how to deal with credit issues, work with a Realtor, apply for a mortgage, and more. The organizations below offer these First-Time Homebuyer classes:

Closing Cost and Down Payment Assistance

The Housing Division and the Affordable Housing Trust Fund offer three programs to help first-time homebuyers in the City. Each program has different rules and benefits. You must be a first-time homebuyer with an eligible income to qualify. We give preference to current residents, though anyone is welcome to apply. The three programs are:

  • Closing Cost 80 Program: We’ll provide closing cost assistance up to $5,000 as a 0% interest, five-year forgivable loan. 
  • Down Payment Assistance 80 Program: We’ll provide down payment assistance up to 15% of the purchase price as a 0% interest, deferred payment loan.
  • Closing Cost/Down Payment Assistance 110 Program: We’ll provide up to $5,000 in down payment assistance or closing costs as a 0% interest, five-year forgivable loan.

To learn more about eligibility and income limits, click here.

First-Time Homebuyer Education

There are several programs to help you learn about the home buying process. They’ll teach you how to deal with credit issues, work with a Realtor, apply for a mortgage, and more. The organizations below offer these First-Time Homebuyer classes:

Homeownership Guide

We’ve organized a list of resources for new and current homeowners. The guide includes information about loans for remodeling your house, improving energy efficiency, removing lead, and other resources. You’ll also find important information about zoning laws and permits. Click here to read the guide and learn more about your next steps as a new homeowner!

Tenant Rent Stabilization Program

We work with the Somerville Homeless Coalition to help residents who are at risk of becoming homeless due to unpaid rent or utilities. We can also help with moving costs, security deposits, and other start-up costs. Our goal is to keep Somerville families stable by helping them stay in their current homes or find attainable housing. To apply, call the Somerville Homeless Coalition at (617) 623-6111.

Section 8 Rentals

Section 8 is a federal program that helps very low-income families find clean and safe private apartment rentals. The assistance is given on behalf of the individual so that participants can rent privately-owned housing. This can include single-family housing, apartments, townhouses, and condos. The Somerville Housing Authority administers the Section 8 program. You can learn more here.

Housing for People With Disabilities

Under federal law, housing providers must not discriminate against people with disabilities. They must also make reasonable accommodations for people with disabilities. These laws apply regardless of whether the housing is public or private. For more information, contact us at (617) 625-6600 x2577.

Utility Assistance and Energy Efficiency

Also known as Fuel Assistance, the Low-Income Home Energy Assistance Program (LIHEAP) is a state-run program to help families pay for winter heating bills. Eligible households may qualify to have a portion of their heating bills paid by the state. They’ll also receive a discounted rate on their utility bills. To see if you’re eligible, contact the City of Cambridge Department of Human Services at (617) 349-6252.

Weatherization Assistance Program

The Weatherization Assistance Program (WAP) offers insulation and repairs to help families stay warm and conserve fuel in the winter. If you qualify for fuel assistance, you’ll also qualify for the WAP. For more information, call (978) 459-6161.

Resource Guide for Homeless People and Very Low-Income Families

This guide is an extensive list of resources for homeless people and those who are at risk for becoming homeless. You’ll find contact information for local shelters, transitional housing, food services, emergency funding, and more. You can read the guide here

A 2BR income-restricted unit is currently available for purchase to first-time homebuyers with incomes at or below 80% Area Median Income (AMI) please see Annual Gross Income Limits table below as the limit is adjusted by household size. This two bedroom two bath is located at 135 Willow Avenue. The purchase price is $188,197 plus a monthly condo fee of $170.02. If you are interested in purchasing this resale available through Team Jen and Lynn at Thalia Tringo & Associates Real Estate, they can be reached at [email protected]or 617-616-5091.

Please note: Offers with complete applications including a first-time homebuyers certificate or verification of enrollment in a course which will end by July 2018 and a mortgage pre-approval letter for a 30 year fixed mortgage including an interest rate/range are due by Wednesday, May 17th at 11 AM to Team Jen and Lynn.

Important Resources

Inclusionary Housing Programs Income Limits

2017 PMSA Boston, MA Area Median Income Limits

No. of persons

80% AMI

1

Ineligible for 2BR

2

$62,550

3

$70,350

4

$78,150

5

$84,450

 

A 1BR inclusionary homeownership unit is currently available for purchase to first-time homebuyers with incomes at 80% AMI or below (please see Annual Gross Income Limits table below). This 1BR, one bath is 520 sq. ft. and located at 429 Norfolk Street. It is part of a fifty unit complex, Union Place. The purchase price is $138,672 and monthly condo fee will initially be $177.00. If you are interested in purchasing this unit, please read the information packet. This unit is a resale available through Realtor, Sharon Ronkin, at Berkshire Hathaway HomeServices, her contact information can be found below.

Please note: Offers with complete applications including income and asset documentation are due Wednesday, May 2nd at 11 a.m.

Annual Gross Income Limits at 80% Area Median Income

Adjusted by household size for PMSA Boston, MA (2017)

1 person household

$54,750

2 person household

$62,550

3 person household

$70,350

Contact

Sharon Ronkin CBR,GRI, CRS,REALTOR®
Senior Global Real Estate Advisor
Berkshire Hathaway HomeServices
N.E Prime Properties
Boston/Cambridge/North Shore
781-307-1293
E: [email protected]

Thank you for your interest in the affordable rental units at Montaje in Assembly Row. The application period and waitlist for these units is now closed; the lottery was held on Monday, Dec. 11th 2017 at City Hall. SEB LLC, the consultant hired by Street Realty Inc. held the lottery for 56 income-restricted units available through the Inclusionary Housing Program. Click here to view a video of the lottery. One thousand seven hundred and seventy eight (1,778) complete applications for eligible households were submitted before the application deadline and included in the lottery. Only eligible households were provided with an application number before the lottery by either email or mail. After the lottery households received waitlist numbers via email or mail for the type of unit and income limit they applied for. If an email address was not provided, a letter including the waitlist number should have been received during the week of Dec. 18th 2017.
To see where you are on the waitlist, click on the link with the unit type and area median income (AMI) you were found eligible for then, look for your application number (no. 1-1,778) to find your standing on the waitlist. Households with the first numbers for each unit type at both 50% and 80% AMI have been contacted by Greystar, the management company which runs background and credit checks first. If households pass the first screening with Greystar, SEB then runs an income certification whereby households are required to fill in a Documentation Requirements Guide which was sent by SEB in an email or by mail with your application number before the lottery. Additionally, households must submit income and asset documentation for the most recent three (3) months as well as the most recent tax returns. If you have any questions regarding your lottery number or application please contact SEB at 617-782-2300 x204 or [email protected].  If you are on the waitlist and need to update your contact information please email or call Greystar at [email protected] or 617-623-0101.

Waiting Lists

For information on the units and process going forward, please reference the information packet found here.

If you missed this lottery but, would like to be notified of future income-restricted rental and homeownership units available through the Inclusionary Housing Program, sign up for notifications here.

 


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