Affordable & Middle-Income Housing Lottery
150 Rivers Edge Drive, Medford, MA
First Units Ready For Occupancy In March 2017
Affordable Units (80% AMI): Five 1BRs @ $1,297*, Three 2BRs @ $1,430*
Middle-Income Units (120% AMI) Six 2BRs @ $2,435*
*Rents subject to change in 2017. Utilities not included. Tenants will pay own Gas Heat and Hot Water, Electricity (including cooking), and Water.
RE150 is a 282 unit rental apartment community. 8 of these apartments will be made available to households with incomes at or below 80% AMI (the affordable units) and 6 apartments will be made available to households at or below 120% AMI (the Middle-Income units). Unit features include fully applianced stainless kitchens, 42” designer kitchen cabinetry, solid surface counter and island tops, bathroom ceramic tile flooring and bath surround, in unit washers and dryers, and include one parking spot.
MAXIMUM Household Income Limits for AFFORDABLE units:
$51,150 (1 person), $58,450 (2 people), $65,750 (3 people), $73,050 (4 people)
MAXIMUM Household Income Limits for MIDDLE-INCOME units:
$82,404 (1 person), $94,176 (2 people), $105,948 (3 people), $117,720 (4 people)
Completed Applications and Required Income Documentation must be received, not postmarked, by 2 pm on January 17th, 2017.
A Public Info Session will be held on January 10th 2017 at 6:00 pm at the Medford Fire Department (0 Medford Street in the Arthur Dello Russo Community Room). The Lottery will be held in the same location on February 7th, 2017, at 6 pm.
For Lottery Information and Applications, or for reasonable accommodations for persons with disabilities, go to www.s-e-b.com/lottery or call (617) 782-6900 (x1 and then x2) and leave a message. Applications and Information also available at the Medford Public Library on 11 High St
Library Hours (M-Th 9-9, Fri 9-6, Sat 9-5)