Cable Mills

  • Courtyard of Cable Mills in Williamstown
  • Side Exterior view of Cable Mills in Williamstown
  • River view of Cable Mills in Williamstown
  • Lounge courtyard of Cable Mills in Williamstown
  • open concept kitchen with white cabinets and stainless steel appliances
  • open concept living area with large windows, brick wall and beam across ceiling
  • white bathroom with modern updates and tub with tile wall
  • closet with shelves adjacent to bathroom
  • common area with sitting area, and a kitchen area
  • lobby style area with chairs and table
  • common area with sitting area, and a kitchen area
HOMEOWNERSHIP LOTTERY

Cable Mills

160 Water Street Williamstown, MA 02167

Cable Mills is a residential development located at 160 Water Street in Williamstown, MA located near Route 7 and Route 2. Built in 2016, Cable Mills consists of 61 condominiums including a mix of one-bedrooms, two-bedroom and three-bedroom units. 2 of the units will be designated as income-restricted, as defined by the U.S. Department of Housing & Community Development (HUD). and sold to households earning up to 80% AMI (Area Median Income).

These two units are being sold on a First-Come, First-Serve basis!

FEATURES

Elevator
Indoor Bike Storage
On-Site Storage (additional fees apply)
Fitness Room
Outdoor Living Room
Riverwalk
Community Room

https://www.maloneyaffordable.com/wp-content/uploads/2022/12/Cable-Mills-Amenities-Photo.jpg

NEIGHBORHOOD

Williamstown rests in a high valley between the Green Mountains (in Vermont) and the Taconics (in New York) — a college town in an old farming community in the homeland of the Mohican people — a home for world-class art where you’ll find mountain laurel on the Appalachian trail. In summer, the Clark Art Institute expands from its collection of Impressionists into contemporary and global work and welcomes visitors to roam their hiking trails and meditate along their reflecting pools. Winter comes in with the downtown Holiday Walk, a weekend of traditional New England flair, from old- fashioned caroling to horse-drawn carriage rides and the beloved ReinDOG Parade. Don’t just visit Williamstown… Discover Williamstown!

JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY

  • Program: AHTF/EOHLC (Affordable Housing Trust Fund/Executive Office of Housing and Livable Communities)
  • Number of Income-Restricted Condominiums: 2
  • Condo Size: 1-Bedroom
  • Income-Restricted ADA Accessible Condos: None
  • Maximum Income Limits: 80% AMI (Area Median Income) – Based on HUD Limits
  • Asset Limit: $75,000

Asset Limit includes retirement and the assessed value of real estate owned by applicants.

 

2024 HUD Income Limits

Berkshire County, MA - HMFA
Household Size80% AMI
1$61,350
2$70,100
3$78,850
4$87,600
5$94,650
6$101,650

Current Condo Listings

Property# BedsPriceIncome Limit (AMI)Units AvailableAccessible Units
Cable Mills1-Bedroom$155,00080%20
Gloucester Pier Condominiums3-Bedroom$293,95080%10
71 Bow Street2-Bedroom$229,41080%20
71 Bow Street1-Bedroom + Study$278,64981% (Minimum) - 110% (Maximum)10
71 Bow Street2-Bedroom$335,83481% (Minimum) - 110% (Maximum)10
68 Church Green2-Bedroom$216,00080%40
68 Church Green2-Bedroom$282,000100%260
44 Ellery Street2-Bedroom$258,50080%10
44 Ellery Street2-Bedroom$334,70080% (Minimum) - 100% (Maximum)10
44 Ellery Street2-Bedroom$404,200100% (Minimum) - 120% (Maximum)10

NEXT STEPS

The next step is to request an application.

Request Application

APPLICATION DISTRIBUTION PERIOD:
–

APPLICATION DEADLINE:
 

 

This is a First Come, First-Served Opportunity

Email: CableMills@MaloneyProperties.com Phone: (617) 639-3064 Ext 759 | US Relay 711

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.

LOTTERY PROCESS

FAQ / FREQUENTLY ASKED QUESTIONS

Income 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.

Property Questions:

What are the condo fees? $204/month.

What utilities are included in the condo fee? All common maintenance, common area utilities, professional management, snow plowing, elevator,  insurance, & water/sewer. Owner is responsible for gas (cooking), electricity, & cable/internet (optional).

Is the stove electric or gas? Gas.

Are the washer/dryer included? Yes, in unit.

Is parking available? The condo comes with one deeded parking space.

Is storage available? There is additional, on-site storage in the building starting at $50/month.

What is the pet policy? Pets are allowed, with some breed restrictions.

If you have additional questions about this property, please contact us.

Tel: (617) 639-3064 Ext 759 – US Relay 711
Email: CableMills@MaloneyProperties.com