Maplewood School Condominiums

120 Maplewood Avenue Gloucester, MA 01930

Maplewood School is Gloucester’s exciting new residential complex featuring 12 newly-constructed homes. The 1899 brick building has been transformed into stylish 1- 2- and 3-bedroom residences—all of which face south and have contemporary open-concept floor plans that blend seamlessly with period details retained from this landmark building.

FEATURES

Elevator
Sleek chef’s kitchens with stainless steel appliances
Office/study space
Extra loft space
Hardwood flooring throughout
12-foot high ceilings
In-unit laundry
Ground floor storage spaces
Parking spaces for two cars

https://www.maloneyaffordable.com/wp-content/uploads/2022/07/Gloucester.png

NEIGHBORHOOD

For years Gloucester has been, and continues to be, a destination for fishermen, artists, and vacationers. It sits between Ipswich Bay and Massachusetts Bay, and is bordered by Ipswich, Essex, and Manchester-by-the-Sea. Gloucester is made up of several areas, including Lanesville, Central, Annisquam, East Gloucester, West Gloucester, Magnolia, and others. Gloucester offers residents the ability to enjoy a humble, quiet lifestyle while calling the numerous parks and salt-water beaches along the stunning 60-mile coastline their backyard. Located only 50 minutes North of Boston, residents can hop on the commuter rail in Central Gloucester or drive on Route 128 or Route 1 to get into the city.

JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY

  • Program: 40B
  • Number of Income-Restricted Condos: 2
  • Condo Sizes: 1 bedroom, 2 bedroom
  • Income-Restricted ADA Accessible Condos: N/A
  • Maximum Income Limits: 80% (Area Median Income) – Based on HUD Limits
  • Asset Limit: $75,000
    Asset Limits do not include retirement but does include the assessed value of real estate owned by applicants.

Current Condo Listings

Property# BedsPriceIncome Limit (AMI)Units AvailableAccessible Units
101 Condor2$314,00080%-100%11 unit for HH with mobility impairements
30 Penniman2$240,80080%1
The QuinnStudio$164,80080%1
The QuinnStudio$221,700100%1
The Quinn1$202,90080%1
30 Penniman1$202,90080%2
30 Penniman1$269,20080%-100%1
30 Penniman2$314,00080%-100%2
Maverick Shipyard Condos1$202,90080%11 unit for HH with mobility impairement
815 East Fifth Street/816 East Sixth Street Condominium2$240,80080%1
815 East Fifth Street/816 East Sixth Street Condominium2$314,00080%-100%1
Gallery Residences at Arthaus1$202,90080%1No
EboStudio$164,80080%1No
EboStudio$221,700100%1ADA-Mobility
EboStudio$250,200110%1No
Ebo1$202,90080%1No
Ebo1$269,200100%1No
Ebo2$240,80080%1No
Ebo2$314,000100%1No
277 Border1$202,90080%1ADA-Mobility
277 Border1$269,20080%-100%1No
50 LeoStudio$164,80080%1None
50 Leo1$202,90080%1None
50 Leo1$269,20080%-100%1None
50 Leo2$240,80080%1None
50 Leo2$314,00080%-100%1None
50 Leo3$355,60080%-100%1None
425 Lagrange1$202,90080%1unit built out for hh with mobility impairments
425 Lagrange2$240,80080%2No
425 Lagrange2$314,00080%-100%2No
472 West Broadway2$240,80080%1N/A
472 West Broadway2$314,00080%-100%1N/A
Cadence On LeoStudio$164,60080%1N/A
Cadence On Leo1 $202,20080%3N/A
Cadence On Leo1 $269,20080%-100%2N/A
Cadence On Leo2$240,80080%1N/A
Cadence on Leo2$314,00080%-100%30
The Blake1$202,90080%10
The Blake2$240,80080%20
The Blake2$314,00080%-100%3ADA-M (1)
The ParkerStudio$164,80080%6ADA-M/H (2)
The ParkerStudio$221,70080%-100%10
The ParkerMicro 1 Bedroom$182,60080%30
The ParkerMicro 1 Bedroom$269,20080%-100%30
The Parker1$269,20080%-100%3ADA-M (1)
The Parker2$240,80080%20
The Parker2$314,00080%-100%40
Nevins Hill1$213,70080%10
Nevins Hill1$280,700100%10
Nevins Hill2$252,00080%30
Nevins Hill2$326,000100%10
Nevins Hill2$496,400150%10
Nevins Hill3$368,500100%10
69 Cummins Highway2$252,00080%10
Fieldstone Way1$305,50080%10
Forcaster 1211$271,459100%10
Townhomes at Charles Park3$290,30080%10
Townhomes at Charles Park3$368,500100%10
Maplewood School Condos1$260,00080%10
Maplewood School Condos2$269,50080%10
1710 Dorchester Ave1$213,70080%10
1710 Dorchester Ave2$326,000100%10

2022 HUD Income Limits

Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area
Household Size50%80%
1 Person$49,100$78,300
2 Person$56,100$89,500
3 Person$63,100$100,700
4 Person$70,100$111,850
5 Person$75,750$120,800
6 Person$81,350$129,750

NEXT STEPS

The next step is to request an application. 

APPLICATION DISTRIBUTION PERIOD: August 8, 2022 – October 7, 2022

APPLICATION DEADLINE: October 7, 2022 

 
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

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

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.

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What are the condo fees? Unit 102 – $409 per month. Unit 202 $231 per month.

What utilities are included in the condo fee? Gas, Water/Sewer. Owner is responsible for electric.

Is the stove electric or gas? Gas

Is the washer/dryer included? Yes

Is parking available? Each condo comes with a deeded parking space.

Is storage available? Yes. There is additional storage in the building’s lower level.

 

 

 

 

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

Tel: (617) 639-3064 Ext. 734 – US Relay 711
Email: MaplewoodSchoolCondos@MaloneyProperties.com