Boston: Affordable Homeownership Opportunities in Dorchester: 270 Talbot Avenue

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~ A new condominium building is set to open on Talbot Avenue, offering a variety of units for potential buyers. The 18-unit building features a mix of studios, one-bedroom, two-bedroom, and three-bedroom condos, all equipped with central heat and air conditioning, stainless steel appliances, and laundry hookups.

The sales prices for these condos are determined by the buyer's annual income, which must be equal to or below 80%, 90%, or 100% of the Area Median Income (AMI). Interested buyers can refer to the City and MHP Funded Homeownership Programs table or see below for the current income limits.

There are currently three studios available at $180,599 (80%), $210,223 (90%), and $239,784. Nine one-bedroom units are also up for grabs at varying prices: three at $220,111 (80%), three at $254,616 (90%), and three at $289,121. For those in need of more space, there are three two-bedroom units available at $259,560 (80%), $299,112 (90%), and $335,780 (100%). Additionally, there are three three-bedroom units priced at $299,009 (80%), $340,106 (90%), and $379,555 (100%).

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Two of the condos in the building are ADA accessible. However, monthly condo fees will apply to all units. To ensure that potential buyers fully understand the deed restrictions associated with these condos before making a purchase decision, it is highly recommended that they attend a virtual information session on February 20th from 6:00 - 7:00 PM. Interested individuals can register for the session online.

It is important to note that buyers will be selected through a lottery system. The deadline for lottery applications is February 26th. Don't miss out on this opportunity to own a beautiful condo in this new building. Apply now for a chance to call 270 Talbot Avenue your new home.

Filed Under: Government, City

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