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Homeownership
Development
Just-A-Start
develops affordable homes for first-time homebuyers. These
units are
affordable to families with incomes at 60% - 80% of the area median
income. All of the units are purchased pursuant to an
Affordable Housing
Agreement with the City of Cambridge,
allowing the City to repurchase the units when sold at a restricted
resale
price. Future housing opportunities from Just-A-Start include
823
Main Street Condominiums
a development of 10
condominium units currently under construction between Central Square
and Kendall Square.
823 Main Street Condominiums
The 10
units of housing being produced will be sold to eligible first-time
homebuyers
through a lottery in the late fall; applications will be available this
October.
Eligible applicants must earn below 80% of the Area Median Income, this
will
vary based on household size. Please see qualifying guidelines for a
complete
set of eligibility requirements. To be added to the mailing list,
please
contact the Project Manager Sharon Cowan at 617-494-0444 ext. 340 sharoncowan@justastart.org
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Projected
Occupancy
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May 2009
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Units
available
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10 (2-
one bedroom, 2-two bedroom & 6- three bedroom)
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Sale prices:
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Income Limits:
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One
Bedroom
Type A (+/- 915 SF)
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$145,000
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Two
Bedroom
Type B (+/- 1160 SF)
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$175,000
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Three
Bedrooms
(+/- 1390 SF)
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$200,000
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Family
Size
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Max Income
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1
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2
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$52,950
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3
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$59,550
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4
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$66,150
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5
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$71,450
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6
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$76,750
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This development
is made possible thanks to financing from the City of Cambridge,
the Cambridge Affordable Housing Trust, the Massachusetts Department of
Community Development, Harvard University, U.S.
Department of Housing Urban Development, and Cambridge Savings Bank.
If you
have any questions about the development, please contact Project
Manager,
Sharon Cowan at 617-494-0444 ext. 340 sharoncowan@justastart.org.
Other recent additions to the City of Cambridge
affordable housing stock developed by Just-A-Start include.
 Gateview
Condominium
The new affordable homes at Gateview Condominium located at 2495 and
2597 Massachusetts Avenue were fully occupied as of February 1, 2007.
With subsidy provided by the City of Cambridge Affordable Housing
Trust, and the Massachusetts Affordable Housing Trust Fund, 14 families
at 60 – 80% of the area median income have secured housing in a
beautifully designed complex nestled in an established North Cambridge
neighborhood.
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Rental Housing Development
 JAS
develops and owns affordable rental housing targeted for lower income
households. These units are managed by two management companies. SC
Management Company manages the 273-unit JAS-affiliated housing at 402
Rindge Avenue (shown right). This is a 100% HUD-funded building with a
waiting list that is controlled by HUD and MHFA. The waiting list is
opened periodically for applications by specific categories of
households, but it is generally closed to new applications. To inquire
about vacancies at 402 Rindge Avenue, please call SC Management at
617-876-5855.
All other JAS-affiliated rental units (269 total) are managed by LE
Smith Management Company. The waiting list for these properties are
open at all times for new applications. We particularly encourage
Section 8 mobile voucher holders to apply for these units. Please call
LE Smith Management Company at 617-661-7190 to inquire about an
application.
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