Affordable Housing Opportunity – 2 & 3 BR Units – Lexington, MA
New Construction – Affordable 2 & 3 -Bedroom Units for the purchase at 93 Bedford Street, Lexington, MA are being offered via lottery.
Applicants must secure approval for a mortgage loan, submit evidence of such approval together with the application, and be ready to buy.
Click HERE for the Flyer
Click HERE for the Application
Key milestones for this housing opportunity:
- Application Period Opens:
Monday, February 23, 2026
- Open House:
Sunday, March 15, 2026 – 10:30AM – 12:00PM
- Information Session:
Tuesday, March 17, 2026 – 6:00PM
https://us02web.zoom.us/j/84253942501
- Application Deadline:
Friday, April 24, 2026, 1:00PM
- Lottery:
Wednesday, May 20, 2026 -11:00AM, via online meeting
*Details for joining meeting provided to eligible applicants via email*
Project description
The Lex is a 32-unit condominium community, consisting of 30 units within a newly constructed three-story building, and 2 units within a historic house. The new building offers eighteen two-bedroom units and twelve two-bedroom units with an office/den that is an optional 3rd bedroom. The historic two-family home will be renovated to include two one-bedroom residences and a bicycle shed. There will be a newly constructed, free standing exercise pavilion with bathroom for use by residents. The development is within walking distance to Lexington Center and a quarter mile to the Worthen/Bedford Street shopping area and Minuteman Bikeway with great schools nearby.
When complete, the 30-unit condominium building will include 4 affordable dwelling units, 39 underground parking spaces including 2 ADA spaces and 3 EV charger spaces as well as 15 surface level parking spaces.
The four (4) affordable units being offered by way of a lottery will consist of 3 two-bedrooms and 1 three-bedroom as follows:
- Unit 102 – 1,642 SF, three bedrooms on first floor level
- Unit 204 – 1,413 SF, two bedrooms on second floor level
- Unit 209 – 1,420 SF, two bedrooms on second floor level
- Unit 305 – 1,420 SF, two bedrooms on third floor level
The four affordable units will include two bathrooms, an open kitchen, an open living/dining area, balcony, laundry room, mudroom and an underground parking space. The Lex is an all-electric building with state-of-the-art energy efficiency features. The interiors will feature modern millwork and solid core doors. The kitchens consist of shaker style painted cabinetry, granite countertops, GE stainless steel refrigerator, dishwasher, electric range and microwave. Flooring will be hardwood in the living and kitchen areas, tile in the bathrooms, and carpet in the bedrooms. Each unit will have its own circuit breaker panel and individual electric meter. Prewiring for one electric car outlet near underground space, outlet installation and car charger supplied/installed by buyer. Switches and outlets will be decora style white. The laundry will include a washing machine and electric dryer.
The purchase price to an eligible buyer for a 2BR is $312,500 and for a 3BR is $345,000 and set to be affordable to a buyer at or below 80% of the Boston Area Median Income. Homeowners are also required to pay monthly real estate taxes, and the Lexington tax rate is $12.25 per $1,000 of valuation. The estimated monthly property tax for a 2-bedroom is $319 and for a 3-bedroom is $352. The condominium fee is currently $150/month for the 2BR unit and $185/month for the 3BR unit, and the Condominium Association has rules and regulations for all owners that describe the operation of the condominium.
This property is offered at a discounted rate and, as such, this and all future sales of the property will be in accordance with those guidelines and Deed Rider to the unit. This property will be sold below the market price with deed restrictions which protect the property in perpetuity using resale price limitations.
We invite you to read this information and submit an application, with the supplemental information. This application can be downloaded from the RHSO website and can be sent to you upon request.
The Regional Housing Services Office (RHSO) will act as the resale lottery agent for this unit on behalf of the Town of Lexington.
Please return the application to the RHSO Office at the address below and/or contact the RHSO with any questions.
Jenicia Pontes
Regional Housing Services Office
37 Knox Trail, Acton, MA 01720
(978) 287-1091
JenP@rhsohousing.org
