Trimount Place
Welcome to Trimount Place, home to 56 delightful residences. Experience homeownership in Boston’s fastest changing neighborhood: South Boston! From sunrise to sunset, Trimount Place stands above the neighbors as a monument of excellency. Take pride in what you’ve earned. Purchase your place in Boston’s skyline. 9 of the units are designated as income-restricted and will be sold to households earning at or below 80% AMI or 100% AMI (Area Median Income).
FEATURES
Elevator
Fitness Center
Two Rooftop Decks (with grilling areas & 360 views)
Sky Lounge
Community Room
Wi-Fi Lounge (with conference room)
Additional Lounge Space (on every floor)
Relaxing Courtyard
Pet Spa
NEIGHBORHOOD
Named after the historic Trimount Street, which later became Tremont Street, Trimount Place stands on the former site where you could once catch glimpses of Beacon Hill, Piedmont Hill, and Mount Vernon. These hills were used to fill in Back Bay over a century ago. Trimount Place pays homage to this rich history - a nod to the past while embracing the future.
Once a hub of industry and manufacturing, Old Colony has transformed into a vibrant Live-Work-Play community. With a mix of R&D, labs, offices, and retail spaces, Trimount Place is at the heart of this transformation. Positioned between upcoming developments, the revitalization of Joe Moakley Park & the breathtaking Carson Beach - Trimount Place is the gateway between the beach and the city. As this neighborhood evolves, you'll be at the forefront of Boston's exciting growth into Southie.
Trimount Place is located near the following points of interest: 0.3 miles away from the MBTA Red Line stop at Andrew Square & 0.9 miles from the Broadway stop, adjacent to several bus lines, including 5, 10 & 11, 0.7 miles from Foodies Grocery Store & 1.4 miles from Whole Foods at Ink Block, & 1.3 miles from the Seaport District.
JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY
- Program: Boston and Planning Development Agency (BPDA)
- Number of Income-Restricted Condominiums: 9 (One, 80% 1-Bedroom Unit, Four, 80% 2-Bedroom Units, One, 100% 1-Bedroom Unit, & Three, 100% 2-Bedroom Units)
- Condominium Sizes: 1-Bedroom & 2-Bedroom
- Income-Restricted, ADA-Accessible Condominiums: 0
- Maximum Income Limits: 80% AMI & 80%-100% AMI (Area Median Income)
- Asset Limit: $100,000 (80% AMI & 100% AMI)
Asset Limit does not include retirement but does include the assessed value of real estate owned by applicants.
Income and purchase price limits are determined by the BPDA on an annual basis. To find out more about the current year’s limits, please visit this link.
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 |
BPDA Income Limits for 2024
| Household Size | 70% AMI | 80% AMI | 90% AMI | 100% AMI | 110% AMI | 120% AMI | 150% AMI |
|---|---|---|---|---|---|---|---|
| 1 Person | $80,010 | $91,440 | $102,870 | $114,300 | $125,730 | $137,160 | $171,450 |
| 2 Person | $91,420 | $104,480 | $117,540 | $130,600 | $143,600 | $156,720 | $195,900 |
| 3 Person | $102,830 | $117,520 | $132,210 | $146,900 | $161,590 | $168,940 | $220,350 |
| 4 Person | $114,240 | $130,560 | $146,880 | $163,200 | $179,520 | $187,680 | $244,800 |
| 5 Person | $123,410 | $141,040 | $158,670 | $176,300 | $193,930 | $202,750 | $264,450 |
| 6 Person | $132,580 | $151,520 | $170,460 | $189,400 | $208,340 | $217,810 | $284,100 |
NEXT STEPS
APPLICATION DISTRIBUTION PERIOD:
November 22, 2024 – December 8, 2024
APPLICATION DEADLINE:
December 8, 2024
To download a pdf application to be mailed, faxed, or dropped off, please follow this link
Join the Tuesday, December 3, 2024, 3pm Information Session Here
For a list of First-Time Homebuyer Best Practices, please follow this link
Email: TrimountPlace@MaloneyProperties.com Phone: (617) 531-7123 Ext 737 | 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 factors.
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? The condo fees are TBD.
What utilities/services are included in the condo fee? Master Insurance, Common Electric, Common Gas, Elevator Maintenance, Snow Removal, Fire Safety (sprinkler inspection, fire alarm monitoring/inspection, & extinguisher/e-light inspection), Building WiFi, Phone Line for elevator and intercom, Trash Removal, Cleaning, Gym Equipment, lntercom, Security Cameras, Management Fee, Parking Lift Maintenance, Reserve Contribution, & 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.
Is the washer/dryer included? Yes. In-unit (Electric).
Is parking available? Additional parking is not included nor available to rent/purchase. There is residential street parking on the street(s) surrounding the property with a Resident Parking Permit from the City.
Is storage available? Additional storage is not included nor available to rent/purchase.
What is the pet policy? Pets are allowed. Breed restrictions apply to some dog breeds.
If you have additional questions about this property, please contact us using the form or contact information below.
Email: TrimountPlace@MaloneyProperties.com