Category: House

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Cambridge affordable housing opportunities

City Hall Cambridge

City of Cambridge affordable housing is owned by non-profits,  Town Hall, and there are privately-owned affordable housing units. Low income applicants are charged 30% of their income for rent when selected into the program.  The Community Development Department (CDD) is accepting Preliminary Applications.  To be considered into the Inclusionary Housing Rental Program you must apply.  You can view the eligibility requirements here and download the application. 

Housing in the Middle-Income program is for households with an income between $60,000 to $100,000. The Maximum Income Program allows incomes between $90,000 and $150,000.

A number of departments and organizations are building and renting affordable housing in the City of Cambridge. Click here to view the list.

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Are you eligible for an Affordable Apartment. Yes, you probably are. Here’s why.

affordable rental living space forms

A household who earns from $22,650 to $200,000 a year can be eligible for below market rate rents and purchase prices. That household could be yours.

Here’s why.

Your Income Matters.  The Federal Housing and Urban Development Department established income guidelines for every region of the United States. These regulations are used to fix rental prices to what properties rent and sell for.  

The rules created an Income Eligibility Chart.

In most of Massachusetts and the Metro Boston area, a household with an income of at least $22,650 can rent a 30% AMI studio apartment for $470.  Each AMI level raises the amount of rent.

Where Section 8 can be used, you get a price break.

See Rents

See Income limits

View more charts here.

On the Market now 

SALE: deadline for app is May 8th, 2019
Address: 11 Iffley Road, Jamaica Plain MA 02130
3BR, home for sale – 65% AMI $192,000 apply here

Rental: deadline to apply is May 15, 2019
Keystone Apartments,  151 Hallet Street Dorchester
Rent is 30% of your adjusted Gross Income
1 BR – restricted to elderly.
income limit. $56,000-$64,000 – APPLY  
( 30% of $56,000/12 ) is the month rent

Affordable Housing Lottery
The Reserve at Burlington
20 Corporate Drive, Burlington, MA
Studios @ $1,293, 1BRs @ $1,470, 2BRs @ $1,632, 3BRs @ $1,792
Apply here before June 2019
*Rents subject to change.
Utilities not included.
Tenants will pay own Gas Heat, Gas Hot Water,
Electric Cooking, Electricity, Water and Sewer.



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A cool way to purchase a $500,000 house with a little help from Chan Zuckerberg.

bank cash

Let’s get right to it:

In high-priced housing markets, a home for $500,000 would require an ideal $100,000 down payment. Who has $100k laying around? Not too many people right. 

house with a huge porch in Newport RI

Well, if you are a teacher or eligible professional, here’s an option to consider:

  • If the house cost $500,000 in high priced market
  • Downpayment required is $50,000
  • You put $50,000 down
  • A Chan Zuckerberg co-funded LANDED initiative  pays $50,000
  • The balance is $400,000 ( ya need a mortgage )
  • The funder arranges the $400,000 mortgage
  • The mortgage is paid every month by ( Landed.com )
  • you live there MORTGAGE FREE, just pay utils, upkeep, overhead.
  • years pass by
  • House is sold for  for $550,000
  • Why not: teacher or busy professionals moves on
  • Profit is $50,000 ( $550,00 minus $500,000 original cost)
  • Landed.com keeps 75% of the sales profit
  • Teacher/Professional keeps 25% of the sales profit
  • That’s it!
  • # the end