The Preserve at Olmsted Green
IMPORTANT - The units 8 units available are being offered on a first come, first serve basis. These units are accessible for households with mobility impairments.
The Preserve at Olmsted Green is a one-of-a-kind 42-acre landscaped community located just 6 miles to downtown Boston, which offers apartments for rent, homeownership opportunity, and a mix of smartly designed flats and townhomes with private backyards and lush landscapes. Its uniquely designed neighborhoods feature abundant greenspace, landscapes, and lawns. 63 of the 80 condominiums are designated as income-restricted and will be sold to first-time homebuyers making at or below 80% AMI, 100% AMI, or 120% AMI (Area Median Income).
IMPORTANT – The units 8 units available are being offered on a first come, first serve basis. These units are accessible for households with mobility impairments.
FEATURES
Bike Storage
Parking Included (with free guest & overflow lots)
Fitness Center
Mail & Package Lockers
Clubhouse (with lounge & kitchenette)
Barbecue Patio
Walking Trails (along Audubon Nature Center)
Wood Plank Flooring
Granite Kitchen Countertops (with tile backsplash)
In-Unit Washer & Dryer
Private Patio or Balcony
NEIGHBORHOOD
The Preserve at Olmsted Green is the crown jewel residential neighborhood of the Emerald Necklace in Mattapan. Offering several unique living opportunities in a secluded neighborhood, it is a worthy investment for people who want to go home in a serene environment while still having access to the city. It creates the unique blend of being surrounded by acres of green space and access to nearby neighborhood squares, minutes away from Jamaica Plain, Forest Hills, Roslindale, Lower Mills and Dorchester.
The proposed properties will be located on the Olmsted Green West Campus on West Main Street via Morton Street and Harvard Street. Local access is provided by Blue Hill Avenue, American Legion Highway, Morton Street, and Harvard Street. These roads provide access to much of Boston as well as Interstates 90 and 93. Bus service is located nearby the subject’s location at the corner of Morton Street and Harvard Street. Residents have access to The Arnold Arboretum where nature and tranquility welcome you for a breath of fresh air.
JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY
IMPORTANT – The units 8 units available are being offered on a first come, first serve basis. These units are accessible for households with mobility impairments.
- Condo Sizes: 2-Bedroom & 3-Bedroom
- Income-Restricted, ADA-Accessible Condos: 8 (Two, 80% AMI 2-Bedroom units built out for Households with Mobility Impairments; Four 80% AMI 3-Bedroom units built out for Households with Mobility Impairments; Two, 100% AMI 3-Bedroom units built out for Households with Mobility Impairments)
- Maximum Income Limits: 80% AMI; 100% AMI; 120% AMI (Area Median Income)
- Asset Limits: $75,000 (80% AMI); $100,000 (100% AMI & 120% AMI)
Asset Limits do not include retirement but do include the assessed value of real estate owned by applicants.
The Preserve at Olmsted Green
| Household Size | 80% | 100% | 120% |
|---|---|---|---|
| 1 Person | $86,050 | $107,600 | $129,050 |
| 2 Person | $98,350 | $122,950 | $147,500 |
| 3 Person | $110,650 | $138,300 | $165,950 |
| 4 Person | $122,900 | $153,650 | $184,350 |
| 5 Person | $132,750 | $165,950 | $199,100 |
| 6 Person | $142,600 | $178,250 | $213,850 |
Current Condo Listings
| Property | # Beds | Price | Income Limit (AMI) | Units Available | Accessible Units |
|---|---|---|---|---|---|
| Trimount Place | 1-Bedroom | $228,280 | 80% | 1 | 0 |
| Trimount Place | 2-Bedroom | $268,840 | 80% | 4 | 0 |
| Trimount Place | 1-Bedroom | $298,896 | 80% (Minimum) - 100% (Maximum) | 1 | 0 |
| Trimount Place | 2-Bedroom | $348,088 | 80% (Minimum) - 100% (Maximum) | 3 | 0 |
| Northampton Residences | Studio | $293,140 | 100% | 16 | 0 |
| Northampton Residences | 1-Bedroom | $338,290 | 100% | 19 | 0 |
| Northampton Residences | 2-Bedroom | $383,440 | 100% | 7 | 0 |
| Northampton Residences | 3-Bedroom | $428,430 | 100% | 5 | 0 |
| Vesta | 2-Bedroom (ADA-M Unit) | $334,700 | 80% (Minimum) - 100% (Maximum) | 1 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
| 68 Church Green Townhomes | 2-Bedroom | $282,000 | 100% | Only 8 left! | 0 |
| Cable Mills | 1-Bedroom | $155,000 | 80% | 2 | 0 |
| The Preserve at Olmsted Green | 2-Bedroom (ADA-M Units) | $275,000 | 80% | 2 (ADA-M Units) | 2 Units built out for Households with Mobility Impairments |
| The Preserve at Olmsted Green | 3-Bedroom (ADA-M Units) | $300,000 | 80% | 4 (ADA-M Units) | 4 Units built out for Households with Mobility Impairments |
NEXT STEPS
APPLICATION DISTRIBUTION PERIOD:
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APPLICATION DEADLINE:
Email: OlmstedGreen@MaloneyProperties.com Phone (617) 639-3064 Ext 796 | US Relay 711
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*? Condo fees are estimated to be:
80% 2-Bedroom: $261.60 80% 3-Bedroom: $285.39
100% 2-Bedroom: $332.95 100% 3-Bedroom: $371.00
120% 2-Bedroom: $399.54 120% 3-Bedroom: $442.35
*These figures are estimated and are subject to change
What utilities/services are included in the condo fees?
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Administrative Expenses |
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Accounting |
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Legal |
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Management Fees |
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Insurance (Common Area) |
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Administrative |
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Operating & Maintenance |
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Landscaping Fees |
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Irrigation Repairs |
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Landscaping – Other |
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Snow Removal |
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Cleaning |
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Trash Removal |
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Fire System Contract |
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Security/Alarm |
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Electrical Repairs |
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Pest Control |
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Maintenance |
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Utility Expenses |
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Water/Sewer (billed to Condo and Charged to owner) |
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Electricity |
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Master Association |
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Common Area (Amenities) |
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Condo Reserve |
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Reserve Contribution |
Owner is responsible for all utilities including gas (cooking & laundry), electricity (heating & cooling), water/sewer, & cable/internet (optional).
Is the stove electric or gas? Gas.
Is the washer/dryer included? Yes. In-unit (Gas).
Is parking available? There are a total of 120 parking spaces. 80 spaces are assigned to the 80 units. 40 spaces are designated as guest parking and/or available for overflow parking for the unit owners.
Is storage available? Storage is not included nor available to rent/purchase.
What is the pet policy? No more than 2 pets per unit. Pets must be under 50 pounds.
For a list of First-Time Homebuyer Best Practices, please follow this link
If you have additional questions about this property, please contact us using the form or contact information below.
Email: OlmstedGreen@MaloneyProperties.com