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Thursday, June 7, 2012

24 Affordable Rental Units will Soon be Available at Maxwell’s Green via Lottery to Income-Eligible Households

Courtesy of MaxWellsGreen.Com
Available units will be studios, one-bedroom, two-bedroom, and three-bedroom apartments. Units will be available in phases, the first being late summer 2012 and subsequent units approximately every 2 months thereafter. Units will be available to households with total gross income that does not exceed 50% or 80% of Area Median Income, depending on the size of the household.

An Information Session will be held on
Thursday, June 14th, at 6 p.m.,
in the Somerville High School auditorium,
81 Highland Ave.
Applications will be available at the conclusion of the meeting.

Please RSVP for the information session to Vicki Wairi at vwairi@somervillema.gov or via phone at 617-625-6600 x 2577.

The chart below offers a guide of incomes by household size for households earning up to 50% or 80% of Area Median Income.


                                                           1            2            3               4             5
50% of Area Median Income $34,250 $39,150 $44,050 $48,900 $52,850
80% of Area Median Income $45,500 $52,000 $58,500 $65,000 $70,200
(1-5 represent the number of persons in the household)
                                                                 

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