Boston offers 15 income-restricted condos to first-time buyers on Capen and Norfolk streets
The two- and three-bedroom units are priced from $268,840 to $393,120 and are reserved for buyers earning up to 80% or 100% of the area median income. Applications are due Nov. 13.
The City of Boston is taking applications for 15 income-restricted condominiums on Capen and Norfolk streets, open to first-time homebuyers who meet income limits, according to a notice from the city's housing office posted Oct. 5.
The two- and three-bedroom units, two of which are accessible under the Americans with Disabilities Act, are priced from $268,840 to $393,120, the city said. Monthly condo fees apply.
The units are reserved for buyers earning up to 80% or 100% of the area median income, based on U.S. Department of Housing and Urban Development figures adjusted by the city. For the units set at 100% of the median, the limit ranges from $120,000 for one person to $198,850 for a household of six; a family of four may earn up to $171,400. For the units set at 80%, the limit ranges from $96,000 for one person to $159,050 for six, with a cap of $137,100 for a family of four. Asset limits also apply.
Buyers must be first-time homeowners and must complete an approved homebuyer education course before closing. The homes are deed-restricted and must be occupied by their owners, and the city said it will give preference to households with one person per bedroom.
The city described the homes as close to the commuter rail, bus routes, grocery stores and the Josh Kraft Mattapan Teen Center. Each unit has a washer and dryer, and some off-street parking is available.
The city will hold an information session at 6 p.m. Nov. 5. Applications are due by 5 p.m. Nov. 13.
This brief was drafted by AI from a public agency or political press release and published by The New England Signal. Why we use AI for stories like this one.