Property Description

Mayor's Office of Housing (MOH) Income-Restricted Resale Condo in Chinatown. This corner unit 2-bedroom / 2-bathroom condo in a building with concierge service, common outdoor space, central air conditioning, bike storage, and close to the Orange and Silver Lines. Rental parking is available from the garage. Recently updated with a new washer / dryer. This condo is subject to MOH approval of the buyer's eligibility application. To purchase, a 1-person Household (HH) must earn under $138,960, a 2-person HH under $158,880, and a 3-person HH under $178,680. Please inquire for larger HH sizes. Buyer(s) must obtain a 30-year fixed-rate mortgage conforming to Fannie Mae guidelines, with a Loan-to-Value (LTV) ratio less than or equal to 97% of the maximum resale price. Buyer(s) must also have less than $100,000 in countable assets (excluding many retirement and education savings accounts). Eligible buyer(s) must be first-time homebuyers or have not owned property within the past three years.