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Located at 20 Chestnut St., this unit will be available to income eligible first-time homebuyers through the City of Cambridge First-time Homebuyer program. This unit is a flat with two bedrooms, one bath and includes one deeded garage parking space. The unit is subject to resale, limited equity and primary residency restrictions. Priority will be given to Cambridge residents and families with children.
An information session concerning the Middle Income Unit will be held Monday, Mar. 16, 6-7:30 p.m., City Hall Annex, 2nd floor conference room, 344 Broadway, Cambridge.
Eligibility Requirements:
* Applicants must have adequate income and/or savings to qualify for a mortgage in an amount sufficient to purchase the property, down payment and closing costs.
* Applicants must have appropriate household size for available unit.
* Applicants must not exceed the maximum income and asset guidelines.
* Applicant must not have owned a home in the past three years.
Click here for more information or an application.
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