HomeEvents260 Beacon St. Open Application Period Begins

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Event Thursday, September 19, 2019 - 11:00am

Location

Visiting Nurses Association
259 Lowell St.
Somerville, MA 02143

Mayor Joseph A. Curtatone and 260 Beacon, LLC are pleased to announce two (2) income-restricted condos available for purchase through the City of Somerville’s Inclusionary Housing Program, located at 260 Beacon Street, Somerville. Two 2.5 bedroom condos. will be offered to income-eligible households at below-market-rate prices via an application and lottery process. Please visit https://beacon260.com/ to learn more about this property.

Information and Application Packets will be first accessible starting at 11AM on Thursday September 19th, 2019 at the first (1st) information session. Then, starting Monday September 23rd, 2019, application materials will be available on the Inclusionary Housing Program webpage, at the Somerville Public Library branches, City Hall and the City Hall Annex.

Flyers

Information and Application Packet

Starting Monday September 23, 2019, hard copies of the Information Packet will be available at Somerville City Hall, Somerville’s Housing Division and the Somerville Public Libraries (East and Main Branch).

Unit Descriptions

Address

Unit Type

Tier

Sales Prices*

Monthly Condo Fee**

No. of BRs & Bathrooms

Approx. Size

(Sq. Ft.)

Minimum Household Size

260 Beacon Street

No. 203

2

$177,435

$75

2.5

1,524

2

No. 206

3

$256,805

$106

1,532

*One deeded parking space in garage per unit is included in the price.

**Condo fees are set by the Condo Association and are subject to change after initial year.

Income Eligibility Requirements

Gross Annual Income Eligibility Requirements Adjusted by Household Size

Household Size

Unit 203 (2BR)

Tier 2

Unit No. 206 (2BR)

Tier 3

2

$71,400

$71,401 - $99,750

3

$80,300

$80,301 - $112,200

4

$89,200

$89,201 - $124,630

5

$96,350

$96,351 - $134,650

6

$103,500

$103,501 - $144,600

Head of household cannot be full-time student; Units subject to Affordable Housing Restriction in perpetuity, other restrictions may apply.

All applicants should attend an information session and read the Information/Application Packet before submitting an application.

IMPORTANT DATES

INFORMATION SESSIONS

Date & Time

Location

Thursday September 19th, 2019 at 11AM

Visiting Nurse Association of Eastern Massachusetts (VNA)

259 Lowell Street, Somerville, MA 02144

Thursday October 17th, 2019 at 6PM

East Somerville Community School (ESCS) Auditorium

50 Cross Street, Somerville, MA 02145

Please use Cross Street Entrance

OPEN HOUSES

Tuesday September 24th, 2019

5:30PM-7:30PM

260 Beacon Street

Somerville, MA 02143

Saturday October 19th, 2019

11AM-1PM

APPLICATION DEADLINE

Monday November 18th, 2019 at 2PM

Applications must be completed and delivered before 2PM

to the Housing Division at 50 Evergreen Ave., Somerville, MA 02145

Faxed to: 617-591-3235 or

Emailed to: [email protected]

 

Late, incomplete or applications submitted in piecemeal, will not be entered into the lottery.

Applications sent to other emails or faxes will not be accepted.

 

LOTTERY

Monday, December 23rd, 2019 at 3PM

City Hall Councilor Chambers @ 93 Highland Ave., Somerville

or viewed on Youtube.com/SomervilleCityTV

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 Diversity, Equity and Inclusion, Nency Salamoun, at 617-625-6600 x2323 or [email protected].

Cost: FREE

Need special assistance? Request accommodations

Add to Calendar 09/19/2019 11:00:00 AM 09/19/2019 11:00:00 AM America/New_York 260 Beacon St. Open Application Period Begins

Mayor Joseph A. Curtatone and 260 Beacon, LLC are pleased to announce two (2) income-restricted condos available for purchase through the City of Somerville’s Inclusionary Housing Program, located at 260 Beacon Street, Somerville. Two 2.5 bedroom condos. will be offered to income-eligible households at below-market-rate prices via an application and lottery process. Please visit https://beacon260.com/ to learn more about this property.

Information and Application Packets will be first accessible starting at 11AM on Thursday September 19th, 2019 at the first (1st) information session. Then, starting Monday September 23rd, 2019, application materials will be available on the Inclusionary Housing Program webpage, at the Somerville Public Library branches, City Hall and the City Hall Annex.

Flyers

Information and Application Packet

Starting Monday September 23, 2019, hard copies of the Information Packet will be available at Somerville City Hall, Somerville’s Housing Division and the Somerville Public Libraries (East and Main Branch).

Unit Descriptions

Address

Unit Type

Tier

Sales Prices*

Monthly Condo Fee**

No. of BRs & Bathrooms

Approx. Size

(Sq. Ft.)

Minimum Household Size

260 Beacon Street

No. 203

2

$177,435

$75

2.5

1,524

2

No. 206

3

$256,805

$106

1,532

*One deeded parking space in garage per unit is included in the price.

**Condo fees are set by the Condo Association and are subject to change after initial year.

Income Eligibility Requirements

Gross Annual Income Eligibility Requirements Adjusted by Household Size

Household Size

Unit 203 (2BR)

Tier 2

Unit No. 206 (2BR)

Tier 3

2

$71,400

$71,401 - $99,750

3

$80,300

$80,301 - $112,200

4

$89,200

$89,201 - $124,630

5

$96,350

$96,351 - $134,650

6

$103,500

$103,501 - $144,600

Head of household cannot be full-time student; Units subject to Affordable Housing Restriction in perpetuity, other restrictions may apply.

All applicants should attend an information session and read the Information/Application Packet before submitting an application.

IMPORTANT DATES

INFORMATION SESSIONS

Date & Time

Location

Thursday September 19th, 2019 at 11AM

Visiting Nurse Association of Eastern Massachusetts (VNA)

259 Lowell Street, Somerville, MA 02144

Thursday October 17th, 2019 at 6PM

East Somerville Community School (ESCS) Auditorium

50 Cross Street, Somerville, MA 02145

Please use Cross Street Entrance

OPEN HOUSES

Tuesday September 24th, 2019

5:30PM-7:30PM

260 Beacon Street

Somerville, MA 02143

Saturday October 19th, 2019

11AM-1PM

APPLICATION DEADLINE

Monday November 18th, 2019 at 2PM

Applications must be completed and delivered before 2PM

to the Housing Division at 50 Evergreen Ave., Somerville, MA 02145

Faxed to: 617-591-3235 or

Emailed to: [email protected]

 

Late, incomplete or applications submitted in piecemeal, will not be entered into the lottery.

Applications sent to other emails or faxes will not be accepted.

 

LOTTERY

Monday, December 23rd, 2019 at 3PM

City Hall Councilor Chambers @ 93 Highland Ave., Somerville

or viewed on Youtube.com/SomervilleCityTV

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 Diversity, Equity and Inclusion, Nency Salamoun, at 617-625-6600 x2323 or [email protected].
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