Property Description

City of Boston Inclusionary Development Unit / BPDA Income Restricted East Boston Loft / 1 bathroom condo on the 2nd floor with 2 levels. The building is a 217 unit, professionally managed elevator building with central AC and close access to the Airport Blue Line stop. The condo has an in unit washer/dryer and an outside parking space. The upper level could be used as a bedroom, home office, or media area. Sale is subject to BPDA approval of buyer eligibility (1 member household up to $144,000, 2 member household up to $164,640, 3 member household up to $185,160, and 4 member household up to $205,680). Ask for income limits for larger households. Buyers must have under $100,000 in liquid assets (excluding most retirement and education accounts) and obtain mortgage financing. The unit must be the buyer's primary residence. Buyers must complete an affidavit and be approved by the BPDA / MOH. BPDA requires buyers to contribute at least 1.5% of the purchase price from their own savings unless a VA loan is being used. After purchase, owners are encouraged to become as financially successful as possible! First showings at the Open House, Saturday, August 22nd 11:30AM - 1:00PM.