{"id":3447,"date":"2026-08-06T16:25:43","date_gmt":"2026-08-06T20:25:43","guid":{"rendered":"https:\/\/sudbury.ma.us\/housingtrust\/?p=3447"},"modified":"2026-08-06T16:32:11","modified_gmt":"2026-08-06T20:32:11","slug":"new-construction-affordable-1-2-bedroom-units-beverly-ma","status":"publish","type":"post","link":"https:\/\/sudbury.ma.us\/housingtrust\/2026\/08\/06\/new-construction-affordable-1-2-bedroom-units-beverly-ma\/","title":{"rendered":"New Construction &#8211; Affordable 1 &amp; 2 -Bedroom Units &#8211; Beverly, MA"},"content":{"rendered":"<p><span style=\"text-decoration: underline\"><strong>NEW CONSTRUCTION<\/strong><\/span><\/p>\n<p>Affordable 1 &amp; 2 -Bedroom Condominium Units for the purchase at <strong><a href=\"https:\/\/maps.app.goo.gl\/zyNpsWLLR3KN676r9\" target=\"_blank\" rel=\"noopener noreferrer\" data-link-type=\"web\">50 Balch Street Beverly, MA<\/a><\/strong> is being offered via lottery.<\/p>\n<p>Applicants must secure approval for a mortgage loan, submit evidence of such approval together with the application, and be ready to buy.<\/p>\n<p>Key milestones for this housing opportunity:<\/p>\n<ul>\n<li><strong>Application Period Opens:<\/strong><br \/>\nFriday, August 7, 2026<\/li>\n<\/ul>\n<ul>\n<li><strong>Information Session:<\/strong><br \/>\nTuesday, August 25, 2026 &#8211; 6:00PM via online Zoom meeting<br \/>\n<strong><a style=\"background-color: #ffffff;font-size: 1rem\" href=\"https:\/\/us02web.zoom.us\/j\/85077140607\" target=\"_blank\" rel=\"noopener noreferrer\" data-link-type=\"web\">https:\/\/us02web.zoom.us\/j\/85077140607<\/a><\/strong><\/li>\n<li><strong>Open Houses:<\/strong><br \/>\nWednesday, August 26, 2026 &#8211; 5:00PM &#8211; 6:00PM<br \/>\nSaturday, September 12, 2026 &#8211; 11:00AM &#8211; 12:00PM<\/li>\n<li><strong>Application Deadline:&nbsp;<\/strong> &nbsp; &nbsp;<br \/>\nFriday, October 7, 2026 &#8211; 1:00PM<\/li>\n<li><strong>Lottery:<\/strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br \/>\nFriday, October 23, 2026 &#8211; 11:00AM, via online Zoom meeting<br \/>\n*Details for joining meeting provided to eligible applicants via email*<\/li>\n<\/ul>\n<p><strong>Click <a href=\"https:\/\/www.rhsohousing.org\/DocumentCenter\/View\/1834\/Beverly-Landing-Lottery-Application-72026-FINAL?bidId=\" target=\"_blank\" rel=\"noopener noreferrer\" data-link-type=\"web\">HERE<\/a> for the Application Packet<\/strong> &#8211;&nbsp;The packet contains specific information for the lottery, including eligibility requirements, the selection process, and a lottery application.<\/p>\n<p><strong>Click <a href=\"https:\/\/www.rhsohousing.org\/DocumentCenter\/View\/1835\">HERE<\/a> for the Minority Self-Declaration Statement*&nbsp;<br \/>\n<\/strong>*Minority preference categories include only Native American or Alaskan Native, Black or African American, Asian, Native Hawaiian or Pacific Islander; or other (non-White); and the ethnic classification Hispanic or Latino. Requires a separate self-declaration document.&nbsp;<\/p>\n<p><strong><span style=\"text-decoration: underline\">Project description<\/span><\/strong><br \/>\n<a href=\"https:\/\/maps.app.goo.gl\/zyNpsWLLR3KN676r9\"><strong>Beverly Landing<\/strong><\/a> by Cummings is a brand-new, age-restricted condominium complex (55+) currently under construction by an affiliated entity of Cummings Properties of Woburn. The project will be available for occupancy in Fall 2026, and the development will ultimately comprise 60 ownership condominium units, including 9 affordable units, in a five-story residential building.<\/p>\n<p>The site is located along the northern edge of Cummings Center, a thriving and diverse commercial hub with restaurants, salons, a large fitness center, and more than 80 healthcare providers. There is a one-mile walking trail circling the scenic Upper and Lower Shoe Ponds, regular daytime bus service by the MBTA and Beverly Shuttle (currently operated by CATA).<\/p>\n<p>The affordable units will have a refrigerator, dishwasher, microwave, electric range, and a laundry hook-up with hot and cold water supply, drain, and ventilation. Owners will be responsible for supplying the washer and dryer. The kitchen area will include laminate countertops with Shaker-style cabinets. The kitchen, living room and bathroom will have vinyl plank flooring, and the bedrooms will be carpeted. Storage rooms are available to rent for $400 &#8211; $1,200 annually.<\/p>\n<p>All units will be equipped a dedicated heat pump unit that will provide both heating and air-conditioning. Any purchaser, including the affordable homeowners, will have the right to use up to two non-exclusive surface spaces at no additional charge.<\/p>\n<p>The purchase price to an eligible buyer for a 1BR is $333,400 and for a 2BR is $375,900 and is 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 Beverly tax rate is $10.81 per $1,000 of valuation. The estimated monthly property tax for a 1-bedroom is $300 and for a 2-bedroom is $339.<\/p>\n<p>The condominium fee is currently $173\/month for the 1BR units and $195\/month for the 2BR units, and the Condominium Association has rules and regulations for all owners that describe the operation of the condominium.<\/p>\n<p>The condominium fee covers:<br \/>\nAdmin Expense: Management Fee, Insurance Expense, Landscaping and Groundskeeping, Snow Plow, Legal, Pest Control, Professional Fees, Fire Sprinkler \/Alarm, Elevator, Trash Pickup, Common Electric, Water Irrigation.<\/p>\n<p>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.&nbsp;&nbsp;<\/p>\n<p>We invite you to read this information and submit an <strong><a href=\"https:\/\/www.rhsohousing.org\/DocumentCenter\/View\/1834\/Beverly-Landing-Lottery-Application-72026-FINAL?bidId=\" target=\"_blank\" rel=\"noopener noreferrer\" data-link-type=\"web\">application<\/a><\/strong>, with the supplemental information. This <strong><a href=\"https:\/\/www.rhsohousing.org\/DocumentCenter\/View\/1834\/Beverly-Landing-Lottery-Application-72026-FINAL?bidId=\" target=\"_blank\" rel=\"noopener noreferrer\" data-link-type=\"web\">application<\/a><\/strong> can be downloaded from the <strong><a href=\"https:\/\/www.rhsohousing.org\/1181\/Looking-for-Housing\" target=\"_blank\" rel=\"noopener noreferrer\" data-link-type=\"web\">RHSO website<\/a><\/strong> and can be sent to you upon request.<\/p>\n<p><a href=\"https:\/\/maps.app.goo.gl\/wyfWGesqxWVHUiyq7\" target=\"_blank\" rel=\"noopener noreferrer\" data-link-type=\"web\"><strong>The Regional Housing Services Office (RHSO)<\/strong><\/a> will act as the resale lottery agent for this unit on behalf of the City of Beverly.&nbsp;<\/p>\n<p>Please return the application to the<strong> <a href=\"https:\/\/maps.app.goo.gl\/wyfWGesqxWVHUiyq7\" target=\"_blank\" rel=\"noopener noreferrer\" data-link-type=\"web\">RHSO Office<\/a><\/strong> at the address below and\/or contact the RHSO with any questions.&nbsp;<\/p>\n<p><strong>Jenicia Pontes<\/strong><br \/>\n<strong>Regional Housing Services Office<\/strong><br \/>\n<strong><a href=\"https:\/\/maps.app.goo.gl\/wyfWGesqxWVHUiyq7\" target=\"_blank\" rel=\"noopener noreferrer\" data-link-type=\"web\">37 Knox Trail, Acton, MA 01720<\/a><\/strong><br \/>\n<strong>(978) 287-1091<\/strong><\/p>\n<p><strong><a href=\"mailto:JenP@rhsohousing.org\" target=\"_blank\" rel=\"noopener noreferrer\" data-link-type=\"email\">JenP@rhsohousing.org<\/a><\/strong><br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<\/p>\n<p>Este paquete contiene informaci\u00f3n espec\u00edfica para comprar una vivienda asequible de 2 dormitorios.<\/p>\n<p>\u672c\u8d44\u6599\u5305\u5305\u542b\u8d2d\u4e70\u7ecf\u6d4e\u9002\u7528\u578b\u4e24\u5c45\u5ba4\u4f4f\u5b85\u7684\u5177\u4f53\u4fe1\u606f\u3002<\/p>\n<p>Pak\u00e8 sa a gen enf\u00f2masyon espesifik pou achte yon kay 2 chanm ab\u00f2dab.<\/p>\n<p>Este pacote cont\u00e9m informa\u00e7\u00f5es espec\u00edficas para a compra de uma casa acess\u00edvel com 2 quartos.<\/p>\n<p>&nbsp;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<\/p>\n<p>If you need help with this application, please call:<\/p>\n<p>Jenicia Pontes, Regional Housing Services Office<\/p>\n<p>978-287-1091<\/p>\n<p>TTY\/TDD Relay 711<\/p>\n<p>Si necesita ayuda con esta solicitud, llame al Regional Housing Services Office<\/p>\n<p>\u5982\u679c\u60a8\u5728\u4f7f\u7528\u6b64\u5e94\u7528\u7a0b\u5e8f\u65f6\u9700\u8981\u5e2e\u52a9\uff0c\u8bf7\u81f4\u7535<\/p>\n<p>Si ou bezwen \u00e8d ak aplikasyon sa a, tanpri rele<\/p>\n<p>Se precisar de ajuda com este aplicativo, ligue para<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Construction &#8211; Affordable 1 &amp; 2 Bedroom Units &#8211; Beverly, MA offered via lottery. <a href=\"https:\/\/sudbury.ma.us\/housingtrust\/2026\/08\/06\/new-construction-affordable-1-2-bedroom-units-beverly-ma\/\" aria-label=\"Read full article about New Construction &#8211; Affordable 1 &amp; 2 -Bedroom Units &#8211; Beverly, MA\">Read full article<span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":48,"featured_media":3452,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1,114],"tags":[],"_links":{"self":[{"href":"https:\/\/sudbury.ma.us\/housingtrust\/wp-json\/wp\/v2\/posts\/3447"}],"collection":[{"href":"https:\/\/sudbury.ma.us\/housingtrust\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sudbury.ma.us\/housingtrust\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sudbury.ma.us\/housingtrust\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/sudbury.ma.us\/housingtrust\/wp-json\/wp\/v2\/comments?post=3447"}],"version-history":[{"count":8,"href":"https:\/\/sudbury.ma.us\/housingtrust\/wp-json\/wp\/v2\/posts\/3447\/revisions"}],"predecessor-version":[{"id":3460,"href":"https:\/\/sudbury.ma.us\/housingtrust\/wp-json\/wp\/v2\/posts\/3447\/revisions\/3460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sudbury.ma.us\/housingtrust\/wp-json\/wp\/v2\/media\/3452"}],"wp:attachment":[{"href":"https:\/\/sudbury.ma.us\/housingtrust\/wp-json\/wp\/v2\/media?parent=3447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sudbury.ma.us\/housingtrust\/wp-json\/wp\/v2\/categories?post=3447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sudbury.ma.us\/housingtrust\/wp-json\/wp\/v2\/tags?post=3447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}