Somerville Inclusionary Homeownership Opportunity at 143 Cedar Street
Apply by Friday, October 9
Applications are now open for the sale of a deed-restricted condominium at 143 Cedar Street in the Spring Hill neighborhood to eligible, first-time homebuyers. The unit will be sold at below market price through the City of Somerville’s Inclusionary Housing Program and is available to income-eligible households with a combined annual gross income at or below 80% of the Area Median Income (AMI).
| Tier/AMI | Bedrooms | Sales Price | Minimum 3% Down payment | Current Condo Fee | Estimated Property Taxes* | Area |
| Tier P1/ 80% | 2 | $239,334 | $7,180 | $223 per month | $232/ per month | 1,205 sq. ft. |
Maximum Gross Annual Household Income
| No. of persons in household: | 2 People | 3 People | 4 People | 5 People |
| 80% Area Median Income: | $109,700 | $123,400 | $137,100 | $148,100 |
| Asset Limit (excluding restricted accounts): $105,574 | ||||
How to Apply:
or paper copies may be requested at Somerville City Hall (93 Highland Ave), City Hall Annex (50 Evergreen Ave), and any of the Somerville Public Library Branches.
Completed applications can be emailed to inclusionary@somervillema.gov or mailed or delivered to the City of Somerville Housing Division, 50 Evergreen Ave., Somerville, MA 02145.
For more information on the City’s Inclusionary Housing Program, visit somervillema.gov/inclusionaryhousing.
More About 143 Cedar Street:
143 Cedar is a multi-unit condominium complex in the Spring Hill neighborhood. Unit 2 is on the first and second floor and is a two-bedroom, two-bathroom unit. It includes two tandem, on-site parking spaces, in-unit laundry, a private patio, and storage in the basement of the building.
Persons with disabilities who need auxiliary aids and services for effective communication (i.e., CART, ASL), written materials in alternative formats, or reasonable modifications in policies and procedures in order to access the programs, activities, and meetings of the City of Somerville should contact the ADA Coordinator in advance at 617-625-6600 x 2059 or ADA@somervillema.gov.
If you need assistance understanding this information, please contact us at languageaccess@somervillema.gov or call 311 (617-666-3311). The City of Somerville can provide you with an interpreter for free.
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