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SCC is still accepting application from income-eligible, first-time homebuyers for condominiums at our new development at 163 Glen Street in Somerville!

Download The Application Here! – EnglishEspañolPortgués, Kreyòl Ayisyen

Flyer with more information is available here in EnglishEspañolPortuguês, and Kreyòl Ayisyen.

More details on the condos, eligibility requirements, and application procedures are below.

If you want to apply to purchase one of the condos, you can get all of the information on eligibility requirements and application procedures along with the application here – EnglishEspañolPortgués, Kreyòl Ayisyen.

General Information:

The Somerville Community Corporation is pleased to announce the sale of one (1) deed restricted condominiums to income eligible, first-time homebuyer households at a below market price with support from the City of Somerville Community Preservation Act. The unit will be offered to households earning between 81% and 110% of the Area Median Income.

The building is located between Union Square and Assembly Row with shopping and restaurants right at your fingertips. It is also only 700 ft from the future Washington Street Green Line Stop and walking distance to neighborhood schools.

The unit has extra high ceilings, oversized windows, modern white kitchen cabinetry, stainless steel appliances, laminate wood flooring, tiled shower/bath combo, in-unit laundry, and private patio or balcony. All units include one parking space per unit. The parking spaces cannot be sold separately from the unit. The condo has two-bedrooms and is only available to households with a minimum of a two people. These units are adaptable and will be ready for occupancy upon closing, which is anticipated for Summer 2021.

Unit Information1 and Sales Prices

Floor

Unit #

Local Pref.1

Bedroom Count

Minimum Household Size

Square Feet

% AMI

Sales Price

Monthly Condo Fee2

Estimated Taxes3

Minimum Required Down Payment

1

102

Open

2

2

780

110

$397,300.84

$208.38

$334.00

$19,865.04

1 Certain units will be designated as local preference units – Residents of Somerville and people who work full time in Somerville will be given preference in the lottery for units with a designated local preference. There will no preference for Somerville residents or people who work full time in Somerville for units not designated as having a local preference.

2 Monthly condo fees are set for the initial year but are subject to change thereafter by the 163 Glen Street Condo Association. The fees are based on the condo budget and percentage interest associated with the value of the home.

3 This is a monthly estimate for taxes. Households are eligible to apply with the City of Somerville’s Assessing Department for an exemption after residing in this unit and filing taxes there. With an exemption your taxes will decrease according to then current rate. For fiscal year 2019 the residential tax rate proposed is $10.09 per thousand dollars value. The condominiums are not a market rate unit and will not be valued according to the market, but instead according to the below market rate price listed in the table above. For more information on taxes, contact the Assessing Department.

SEE CONDO FLOOR PLANS

Eligibility Requirements: 

    • Households must meet the household size requirements
    • Household income must exceed the minimum gross annual income requirement and be below the maximum gross annual income limit for that unit
    • Household assets must be below the asset limit
    • Households must get a pre-approval letter for a 30-year, fixed mortgage
    • All members of the household must be first time homebuyers
    • Heads of household cannot be full-time students

Application materials and information are here 

Information packets and applications also available at 337 Somerville Ave., Somerville, MA 02143 inside the door on your left.

Applications can be submitting in the following ways:

    1. Deliver to the Somerville Community Corporation mailbox located on the 1st floor of 337 Somerville Ave., Somerville, MA 02143 on your left when you enter the door.
    2. Email to abob@somervillecdc.org
    3. Mail to:
      Attention: SCC Real Estate Department, 337 Somerville Ave. 2nd Floor, Somerville, MA 02143.
Learn the story of SCC - watch the mini documentary:

Members of the community in Somerville, MA come together for an illuminated walk to bring attention to gentrification and housing affordability in East Somerville. Produced in collaboration with the Somerville Community Corporation and Mister Francis. Written, directed, and edited by Andrew Eldridge. Produced by Elizabeth Eldridge, Andrew Eldridge.

For tenants of the 100 Homes program, if you are in need of an urgent repair please call 1-617-863-2391. For life-threatening or other emergencies please call 911.

Somerville sits on the original homelands of the Massachusett, Wampanoag, Naumkeag, and Nipmuc tribal nations. We acknowledge the painful history of genocide and forced removal from this territory, and we honor and respect the many diverse Indigenous peoples still connected to this land on which we live and work.

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