24 Forbes St. (Under Agreement)
BPDA Income Restricted 3 Bedroom condo opportunity located in Jamaica Plain. Located right off of Centre Street in Jamaica Plain, it is a short drive or train ride to downtown Boston. Walk to Jamaica Plain restaurants and shopping, including the JP whole foods around the corner.
Washer / Dryer in unit
Assigned storage area
Jamaica Plain is a diverse and dynamic Boston neighborhood. Stroll Centre Street, one of the main thoroughfares, and enjoy the unique shops and restaurants. Bike, walk or run on the 1.5-mile path along Jamaica Pond or visit the Arnold Arboretum, a National Historic Landmark designed by Frederick Law Olmsted.
JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY
Number of Bedrooms: 3 Bedroom
Household Requirement: This unit requires a minimum 3 person household
Purchase Price: $379,883
Condominium Fee: $172.70
Maximum Income Limit: 80%
3 Household – $106,880
4 Household – $118,720
Maximum Asset Limit: $100,000
Does not include retirement.
There will be no open houses. There will only be private showings. Please complete this form if you would like to schedule a showing: Showing Request Form
BPDA Income Limits for 2023
|Household Size||70% AMI||80% AMI||90% AMI||100% AMI||110% AMI||120% AMI||150% AMI|
Let us know you’re interested! Our team will respond quickly to provide more information and schedule a showing.
FAQ / FREQUENTLY ASKED QUESTIONS
How is my income calculated?
The household income is calculated based on the gross income of the household. Commissions, bonuses and other regular payments are included and considered part of the gross annual income.
I didn’t file taxes last year. What do I need to provide?
Individuals or households who did not file taxes must provide a verification of non-filing from the IRS in lieu of a tax return. To obtain the verification of non-filing, applicants should fill out a 4506-T form and file it by mail or hand-deliver it to an IRS office. The IRS will mail back a letter of verification which must be provided with the income materials given to the marketing agent. See the IRS website to download a 4506-T form.
I received a pay raise between the time I picked up an application and the time I was income certified and now I am over the income limit. What do I do?
Income is calculated at the time the applicant submits an application to the lottery agent, not during the application process or at the time of the lottery. Eligibility must be maintained from the time of the application pick up until after income certification verification. Unfortunately, if an applicant’s income is over the income limit, the applicant will not be eligible for the particular unit for which they applied.
I have children in school/college, how does this affect my application?
Income from children in school/college under the age of 18 is not considered towards the income of the household.
Are student loans considered income?
Student loans are not considered income and may not be used to income qualify.
I am separated from my spouse, does this affect my application?
Legally married couples shall both be considered part of the household, even if separated. Applicants with additional questions regarding this policy must speak with the marketing agent/seller.
I would like to appeal a decision regarding income eligibility. How do I appeal? Applicants who are rejected will receive a rejection letter in writing and will be given 7 days for the opportunity to appeal the decision.
Condominium Fee: $172.70
Square Feet: 1,231
Taxes: 2022 Gross Tax $4,067
What is the pet policy? Pets allowed with restrictions
Parking – Yes, Parking included right below backyard deck
Storage – Yes, storage unit closest to back door
HOA fee includes- Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Snow Removal, Extra Storage, Refuse Removal, Reserve Funds
Washer & Dryer: Yes, included in sale of the unit
What utilities are you responsible for? Electricity , gas ( Eversource)
* All appliances are included in the sale of the property -including the washer/dryer, refrigerator, oven
If you have questions about this property, please contact us.