Affordable Housing Lottery - 175 North Ave - Residences & Shops at Wakefield Station

Affordable Housing Lottery

Lottery Website:

http://s-e-b.com/property/the-residences-shops-at-wakefield-station/

The Residences & Shops at Wakefield Station

175 North Ave, Wakefield, MA

 

Overview:

Now Accepting Lottery Applications!

This is a lottery for the 8 affordable homes available at The Residences & Shops at Wakefield Station.  These 8 homes will be sold at affordable prices to households with incomes at or below 80% of the area median income.  It is anticipated that all the affordable homes will be ready between August and December 2017. Wakefield Station is an extraordinary mixed-use destination offering gorgeous condominiums atop desirable shops and restaurants in a charming Boston suburb less than a half mile from the popular Lake Quannapowitt and Wakefield’s vibrant downtown, and right across from the commuter rail station! These luxurious homes feature: hardwood floors, stainless steel appliances and energy-saving construction; Private fitness room equipped with cardio and weight lifting equipment; Dual four stop elevators; and Landscaped common outdoor patio area on second floor with natural gas grilles and seating.

Please read the Info Packet and Lottery Application below for more details on how to apply for the affordable units.  You can find details on the market-rate units and open house information on the property website here.

Number of Affordable Units Remaining:

  • 8

Sales Price

  • 1 Bedrooms: $176,100
  • 2 Bedrooms: $196,300
  • 1BR Condo Fees: $66/mo; 2BR Condo Fees: $86/mo

Maximum Allowable Household Income

  • 1 Person Household: $54,750
  • 2 Person Household: $62,550
  • 3 Person Household: $70,350
  • 4 Person Household: $78,150

Key Dates

  • May 10, 2017: 6 pm Info Session, 345 Main Street, Wakefield
  • June 12, 2017: 2 pm Deadline for 100% Completed Applications
  • July 11, 2017: The Lottery

Important Documents

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