One Inman Square
One Inman Square is a residential development located in Somerville and consists of 32 units, 6 of the units are designated as income-restricted and will be sold to households earning at or below 80% AMI, 110% AMI, & 140% AMI (Area Median Income).
FEATURES
Elevator
On-Site Garage Parking (additional fees apply)
EV Charger-Ready Parking Spaces
Indoor & Outdoor Bike Storage
Community Rooftop Deck
Landscaped Front Entryway
NEIGHBORHOOD
5-Minute Drive to Harvard & MIT
6-Minute Walk to Union Square Green Line Station
Surrounded by Boston’s Top-Ranked Universities
JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY
- Program: Inclusionary Zoning
- Number of Income-Restricted Condominiums: 6 (One 80% One-Bedroom Unit, One 80% 2-Bedroom Unit, One 80% 3-Bedroom Unit, One 110% 1-Bedroom Unit, One 110% 3-Bedroom Unit, & One 140% 2-Bedroom Unit)
- Condo Sizes: 1-Bedroom, 2-Bedroom, & 3 Bedroom
- Income-Restricted ADA Accessible Condos: 0
- Maximum Income Limits: 80% AMI, 110% AMI, & 140% AMI (Area Median Income) – Based on HUD Limits
- Asset Limit: $105,574
Asset Limit does not include retirement, but does include the assessed value of real estate owned by applicants.
Income limits and purchase prices are determined by HUD and the city of Somerville on an annual basis. To find out more about the current year’s limits, please visit this link.
2026 HUD Income Limits (Somerville Homeownership)
(Somerville 50% AMI, 80% AMI, 81%-110% AMI, & 111%-140% AMI)
| Household Size | 80% AMI | 81% AMI - 110% AMI | 111%-140% AMI |
|---|---|---|---|
| 1 | $96,000 | $96,001 - $131,978 | $131,979 - $167,972 |
| 2 | $109,700 | $109,701 - $150,832 | $150,833 - $191,968 |
| 3 | $123,400 | $123,401 - $169,686 | $169,687 - $215,964 |
| 4 | $137,100 | $137,101 - $188,540 | $188,541 - $239,960 |
| 5 | $148,100 | $148,101 - $203,623 | $203,624 - $259,157 |
| 6 | $159,050 | $159,051 - $218,706 | $218,707 - $278,354 |
Current Condo Listings
| # Beds ↑ | Price ↕ | Income Limit (AMI %) ↕ | Units Available ↕ | Accessible Units ↕ |
|---|---|---|---|---|
| 1-Bedroom | $210,093 | 80% | 1 | None |
| 1-Bedroom | $311,857 | 81% (Minimum) - 110% (Maximum) | 1 | None |
| 2-Bedroom | $256,244 | 80% | 1 | None |
| 2-Bedroom | $467,297 | 111% (Minimum) - 140% (Maximum) | 1 | None |
| 3-Bedroom | $297,830 | 80% | 1 | None |
| 3-Bedroom | $400,855 | 81% (Minimum) - 110% (Maximum) | 1 | None |
NEXT STEPS
APPLICATION DISTRIBUTION PERIOD:
August 13, 2026 – September 14, 2026
APPLICATION DEADLINE:
September 14, 2026
简体中文应用
繁體中文應用
Aplicación en Español
Aplikasyon kreyòl ayisyen
नेपाली आवेदन
Aplicação em português brasileiro
Join the Wednesday, June 26, 2026 12pm & Wednesday, September, 2, 2026 6pm Info Sessions HERE
Join us at the On-Location Open House Showings on:
Thursday, June 27, 2026, 3pm-5pm & Saturday, August 29, 2026, 10am-12pm
Deed Rider for Somerville Homeownership Units is HERE
Email: OneInmanSquare@MaloneyProperties.com Phone: (617) 639-3064 Ext 763 | US Relay 711
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 under 18 and other dependents in school full-time is not counted the same as other sources of income. Any such earnings above $480 in annual income would not be counted towards the income limit.
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? Unit 102 (80% One-Bedroom): $133.58/month, Unit 107 (80% 2-Bedroom): $239.13/month, Unit 103 (80% 3-Bedroom): $265.52/month, Unit 205 (110% 1-Bedroom): $212.74/month, Unit 303 (110% 3-Bedroom): $277.06/month, & Unit 207 (140% 2-Bedroom): $239.13/month
What utilities/services are included in the condo fees? Master insurance, trash removal, snow removal, elevator maintenance & inspection, common area cleaning, repair, & maintenance (lobby, stairwells, carpets, & corridors), irrigation maintenance, landscaping, common electricity & heat, fire alarm monitoring, sprinkler system maintenance & inspection, intercom maintenance, phone line & internet, accounting services, supplies, legal fees, general maintenance & administrative services, & water/sewer. Owner is responsible for all other utilities, including electricity (heating/cooling, hot water, cooking, & laundry), & cable/internet (optional). Gas is not a utility at this property.
Is the stove electric or gas? Electric.
Are the washer/dryer included? Yes. In-Unit (Electric).
Is parking available? There are 18 garage parking spaces for purchase. Only buyers of Inclusionary Units 103, 207, & 303 shall have a right of first refusal to purchase one parking space per unit at a reduced cost of $50,000. If a parking space is bought, the $50,000 will be deducted from the purchase price.
Is storage available? Additional storage is not included nor available to rent/purchase.
What is the pet policy? Pets are allowed with a maximum of 2 pets per unit, exceeding no more than 75 pounds. Breed restrictions apply. Service animals are permitted for no additional fees with proper documentation.
If you have additional questions about this property, please contact us using the form or contact information below.
Email: OneInmanSquare@MaloneyProperties.com
