Maverick Shipyard Condos
A collection of sophisticated homes exemplifying comfort and functionality in the heart of East Boston’s Jeffries Point. Smart features and offer modern convenience while warm interiors embellished with wood tones and polished stone create a timeless appeal. Gather around a sun-lit kitchen island in a spacious open concept floor plan. Relax with sunsets on an expansive roof top lounge. Enjoy evening strolls along miles of green space and outdoor dining overlooking Boston Harbor. Return home to a quintessential Boston brick facade ornate with cast stone detail, bay windows and dramatic arched entrances. Welcome to Maverick Shipyard.
Pet Friendly with on-site pet wash
Mobile access smart intercom
Follow East Boston’s shoreline for miles and discover waterfront parks, distinctive restaurants, harbor amenities and unparalleled views of the Boston skyline. Whether you’re exploring the neighborhood for the first time or a current resident, check out these local spots and experience why East Boston feels like home.
JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY
There was a lottery for 3 income-restricted homeownership units.
There were no applicants from the lottery that applied to the 1 bedroom unit that was built out for people with mobility impairments.
We are now advertising the 1 bedroom unit on a First Come, First Serve (FCFS) basis until April 13, 2022. If there are no applicants that require a unit built out for mobility impairments, then the unit will be offered to the applicants from the lottery list that do not require these features.
The details of the unit that is available are as follows:
Purchase Price: $202,900
The unit is built out for Households that require the ADA Mobility features
BPDA Maximum Income Limit: 80% AMI
Please see the maximum income table below to find out if your household is eligible.
Maximum Asset Limit: $75,000 (80% AMI)
Includes retirement and real estate.
If you would like to apply for this FCFS opportunity, please complete the application here.
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|
BPDA Income Limits for 2022
|Household Size||70% AMI||80% AMI||90% AMI||100% AMI||110% AMI||120% AMI||150% AMI|
APPLICATION DISTRIBUTION PERIOD:
Applications will be distributed between the dates stated above. Applications will be made available online, by mail, and in-person during the scheduled distribution times. Applicants that prefer to submit a hard copy of the application (versus the online application) are required to mail the completed application back to Maloney Properties, Inc. The application must be postmarked on or before the application deadline date. Applications will not be accepted by email.
1. Applicants who submit a complete application by the deadline will then be entered into the lottery.
2. All applicants will receive an application number.
3. The application number is used for the lottery to keep the identity of applicants confidential.
4. The Boston Fair Housing Commission will then conduct a lottery and each applicant will then be assigned a lottery number (lottery #1 being first).
5. Following the lottery, we will then show the units to the top applicants based on the lottery number and preferences. At this stage, we will begin to request supporting documentation (paystubs, bank statements, taxes, etc.).
Please note that entry in the Lottery Drawing does not constitute qualification or eligibility. Applicant’s eligibility will be determined post lottery.
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 factors – not just the Lottery Number.
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 included, available for purchase.
Is storage available? No
What is the pet policy? Yes, two max per unit.