Current Affordable Housing Opportunities

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Affordable Rental Opportunities

No Rental Opportunites At This Time

 

Affordable Homeownership Opportunities

73 Walnut Street Unit 3, Newton

The City of Newton is accepting applications for 73 Walnut Street #3, Newton, MA 02460, Newton, MA 02464. This unit has approximately 731 square feet, 2-bedroom, 1 bath. Applications must be received by November 10, 2020 at 1:00 p.m. to be considered for eligibility.

Maximum Sales Price (the maximum sales price does not change based on an applicant’s income): $220,570.00

OPEN HOUSE:

11/1/2020 Sunday 12:00pm-2:00pm

11/8/2020 Sunday 12:00pm-2:00p

Buyers must have adequate funds for their down payment plus closing costs and a pre-qualification for a mortgage amount sufficient to purchase the unit. Down payment assistance may be available to eligible applicants. The property is deed restricted to ensure permanent affordability. Maximum Household Income Limits for this affordable unit:

HH Size

1-Person

2-Person

3-Person

4-Person

80% AMI Income Limit

$67,400

$77,000

$86,650

 

$96,250

 

You must include all income and asset documentation as directed within the application.

73 Walnut Street #3 Application 

Downpayment/Closing Cost Program Guidelines 

The Key milestones for this housing opportunity:

  • Application Period opens Tuesday, October 20, 2020
  • Application Deadline Tuesday, November 10, 2020
  • Open House Sunday November 1, and November 8: 12 – 2pm
  • Lottery Tuesday, November 24, 2020

Applications must be received by the Planning and Development Department at Newton City Hall by November 10, 2020 before 1 p.m. Applicants must hand deliver or mail applications and the appropriate documentation to the address below:

Newton City Hall, Planning and Development,

(2nd Floor) Housing and Community Development Division

Attention: 73 Walnut Street #3 1000 Commonwealth Avenue

Newton, MA 02459

 

Coming Soon!

429 Cherry Street, Newton

This project will contain 13 residential units. The project was permitted under inclusionary zoning and will have three units affordable exclusively to households at or below 65% of the Area Median Income. All three units are 2-bedrooms and contain approximately 1,020 square feet.

Other Affordable Housing Resources

Please visit the Affordable Housing Resources page, which lists information on other agencies providing affordable housing both in Newton and throughout the region.

Contact

If you have any questions or would like additional information about Current Affordable Housing Opportunities, please contact Malcolm Lucas, Housing Planner, at (617) 796-1149 or mlucas@newtonma.gov.

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