472 West Broadway
472 West Broadway is a 16-unit residential development located in South Boston. 2 of the unit will be designated as income restricted for households
earning at or below 80% AMI and 80-100% AMI. This project located near the many dining and shopping destinations in South Boston and just 1 mile
from Boston's Seaport District.
Located in the heart of the many dining and shopping options in South Boston. 0.7 miles to the MBTA Red Line train station at Broadway.
JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY
- Program: Boston and Planning Development Agency (BPDA)
- Number of income-restricted condos: 2
- Apartment sizes: 2 Bedroom
- Income restricted ADA accessible apartments: None
- Maximum Income limits: 80% – 100% (Area Median Income)
- Asset limit: $75,000 and $100,000
Asset Limits do not include retirement but does include the assessed value of real estate owned by applicants.
Current Condo Listings
|Property||# Beds||Price||Income Limit (AMI)||Units Available||Accessible Units|
|101 Condor||2||$314,000||80%-100%||1||1 unit for HH with mobility impairements|
|Maverick Shipyard Condos||1||$202,900||80%||1||1 unit for HH with mobility impairement|
|815 East Fifth Street/816 East Sixth Street Condominium||2||$240,800||80%||1|
|815 East Fifth Street/816 East Sixth Street Condominium||2||$314,000||80%-100%||1|
|Gallery Residences at Arthaus||1||$202,900||80%||1||No|
|425 Lagrange||1||$202,900||80%||1||unit built out for hh with mobility impairments|
|472 West Broadway||2||$240,800||80%||1||N/A|
|472 West Broadway||2||$314,000||80%-100%||1||N/A|
|Cadence On Leo||Studio||$164,600||80%||1||N/A|
|Cadence On Leo||1||$202,200||80%||3||N/A|
|Cadence On Leo||1||$269,200||80%-100%||2||N/A|
|Cadence On Leo||2||$240,800||80%||1||N/A|
|Cadence on Leo||2||$314,000||80%-100%||3||N/A|
|The Blake||2||$314,000||80%-100%||3||ADA-M (1)|
|The Parker||Studio||$164,800||80%||6||ADA-M/H (2)|
|The Parker||Micro 1 Bedroom||$182,600||80%||3||N/A|
|The Parker||Micro 1 Bedroom||$269,200||80%-100%||3||N/A|
|The Parker||1||$269,200||80%-100%||3||ADA-M (1)|
BPDA Income Limits for 2021
|Household Size||70% AMI||80% AMI||90% AMI||100% AMI||110% AMI||120% AMI||150% AMI|
APPLICATION DISTRIBUTION PERIOD:
April 25, 2022 – May 11, 2022
May 11, 2022
When is the lottery?
The lottery date will not be scheduled until after the application deadline. The lottery is scheduled and the lottery date is typically held 4-5 weeks after the application deadline. All applicants will receive notification of the date, time, and location of the lottery, as well as their application number. The lottery will be open to the public.
Do I have to attend the lottery?
No. All applicants will be notified of their lottery number after the lottery.
When will I be contacted?
We will begin contacting only the top applicants following the lottery drawing.
What is my Application Number and Lottery Number?
We will mail a letter to all Applicants entered in the Lottery Drawing providing their unique application Number. We will mail out a second notification letter after the lottery has taken place. The lottery number is assigned by the person who conducts the Lottery Drawing. Per the Fair Housing Commission guidelines, applications will be sorted by bedroom size and income level, then for preferences, followed by the lottery number. An Applicant’s “rank position” is determined by a combination of all the sorting factor.
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.
What utilities are included in the condo fee? Water/Sewer
Is the stove electric or gas? Gas
Is the washer/dryer included? Yes
Is parking available? Parking not available.
Is storage available? No
What is the pet policy? Pets allowed with restrictions.