7 Summer Street is a residential development located in Somerville, MA. It consists of 5 income restricted home ownership units.
Free language assistance is available for those whose primary language is not English or have limited English proficiency. For more information or reasonable accommodations for persons with disabilities, please contact us.
La asistencia gratuita en el idioma está disponible para aquellos cuyo idioma principal no es el inglés o tienen un dominio limitado del inglés. Para obtener más información o adaptaciones razonables para personas con discapacidades, comuníquese con nosotros: 7Summer@maloneyproperties.com or (617) 639-3064 Ext. 736
Asistans lang gratis disponib pou moun ki gen lang prensipal pa angle oswa ki gen yon konpetans limite nan lang angle. Pou plis enfòmasyon oswa aranjman rezonab pou moun ki andikape, tanpri kontakte nou 7Summer@maloneyproperties.com or (617) 639-3064 Ext. 736
A assistência linguística gratuita está disponível para aqueles cujo idioma principal não é o inglês ou têm proficiência limitada em inglês. Para obter mais informações ou acomodações razoáveis para pessoas com deficiência, entre em contato conosco 7Summer@maloneyproperties.com or (617) 639-3064 Ext. 736
To view all video videos, pictures and floor plans click here
Common roof deck
Located in Somerville's Prospect Hill neighborhood and only 0.4 miles from the Union Square Green Line MBTA stop.
JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY
- Number of Income-Restricted Condos: 5
- Condo Sizes: 1 bedroom, 2 bedroom
- Maximum Income Limits: 80% and 80%-110% (Area Median Income) – Based on HUD Limits
- Asset Limit: $75,000
Asset Limits do not include retirement or college savings
Wednesday, September 21, 2022 at 12:00PM
Wednesday, October 5, 2022 at 6:00PM
Meeting ID: 853 3857 9709
Dial in: +13092053325,,85338579709#,,,,*140474# US
|Household Size||80% AMI||110% AMI|
Current Condo Listings
|Property||# Beds||Price||Income Limit (AMI)||Units Available||Accessible Units|
|69 Cummins Highway||2||$252,000||80%||1||0|
|Townhomes at Charles Park||3||$290,300||80%||1||0|
|Townhomes at Charles Park||3||$368,500||100%||1||0|
|Maplewood School Condos||1||$260,000||80%||1||0|
|Maplewood School Condos||2||$269,500||80%||1||0|
|1710 Dorchester Ave||1||$213,700||80%||1||0|
|1710 Dorchester Ave||2||$326,000||100%||1||0|
|7 Summer Street||2 Bedroom||$264,691||80%||3||0|
|7 Summer Street||1 Bedroom||$331,283||Minimum 80% - Maximum 110%||1||0|
|7 Summer Street||2 Bedroom||$380,187||Minimum 80% - Maximum 110%||1||0|
The next step is to request an application.
Applicants will also be able to pick up an application at Somerville City Hall Annex located at 50 Evergreen Ave, Somerville, MA 02145 and Central Library located at 79 Highland Ave, Somerville, MA during business hours from September 9, 2022 – November 8, 2022.
Completed Applications with mortgage pre-approval letters must be delivered no later than
November 9, 2022
Applications can be sent through the following:
Maloney Properties, Inc.
Attention: 7 Summer Street Lottery
27 Mica Lane, Wellesley MA 02481
For translated applications in different languages, please click the links below:
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 are the condo fees? Condo fees include: property management, admin, snow removal, trash removal, common area electric, ground lease fee, capital reserves, property and liability insurance.
What utilities are included in the condo fee? Owners will be responsible for all utilities including electricity, gas, water/sewer, and cable/internet.
Is the stove electric or gas? Gas.
Is the washer/dryer included? Yes.
Is parking available? Yes. Off-street, uncovered parking is included.
Is storage available? No. There is no additional storage on site.
Condominium Fee: Estimated $300 per month
What is the pet policy? Pets are allowed.
If you have questions about this property, please contact us.