Affordable Housing Opportunity: 56 Glenway Street and 142, 154 Erie Street
9 brand new homes in Dorchester available to eligible buyers.
|
BEDS |
AREA MEDIAN INCOME (AMI) REQUIRED |
SALES PRICE |
|
1 bedroom |
80% AMI |
$228,280 |
|
1 bedroom |
81-100% AMI |
$298,896 |
|
2 bedroom (including 1 ADA accessible unit) |
80% AMI |
$268,840 |
|
2 bedroom |
81-100% AMI |
$348,088 |
|
3 bedroom (including 1 ADA accessible unit) |
80% AMI |
$309,088 |
|
3 bedroom |
81-100% AMI |
$393,120 |
These HOMES feature:
- Hardwood floors
- Laundry hook-up in unit
- Central air
- Fenced-in backyard
- Outside common space
- Select units at 142 Erie Street have private decks
Income limits for qualified buyers are 80% or 100% Area Median Income Limits based on HUD data that was refined and calculated by MHP and the City of Boston. Monthly condo fees apply.
Income Limits, Requirements, & Preferences
INCOME LIMITS
To qualify for a 100% AMI unit, your annual income must be equal to or less than:
- 1 person, $120,000
- 2 Persons, $137,150
- 3 Persons, $154,300
- 4 Persons, $171,400
- 5 Persons, $185,150
- 6 Persons, $198,850
To qualify for a 80% AMI unit, your annual income must be equal to or less than:
- 1 Person, $96,000
- 2 persons, $109,700
- 3 persons, $123,400
- 4 persons, $137,100
- 5 persons, $148,100
- 6 persons, $159,050
Requirements
- First-time homebuyer.
- Homebuyer will need to complete an approved homebuyer education course prior to closing.
Preferences
- Boston residency preferred.
- Preference for one (1) person per bedroom.