Mayor Katjana Ballantyne and the Somerville Office of Strategic Planning and Community Development (OSPCD), in partnership with 717-719 Washington St, LLC, are pleased to announce an income-restricted rental opportunity of two (2) 2-bedroom apartments.

Located at 205 Beacon St in the Cobble Hill neighborhood, these apartments will be available to income-eligible households with a combined annual gross income at or below 50% of the Area Median Income (AMI) and 80% of the Area Median Income (AMI).  

 

Address + Unit Number	Bedrooms	Monthly Rent	Utilities Included	Approx. Area (SF)
205 Beacon Unit 102	2	$1,194	Electric, Water/Sewer, Heating	948
205 Beacon Unit 202	2	$2,090	Electric, Water/Sewer, Heating	947

 

Unit Number	AMI Tier	2 people	3 people	4 people	5 people
Unit 102	Tier R1 50% AMI	$28,665 –  $65,300	$28,665 –  $73,450	$28,665 –  $81,600	$28,665 –  $88,150
Unit 202	Tier R2 51-80% AMI	$65,301 –  $104,200	$73,451 –  $117,250	$81,601 –  $130,250	$88,151 –  $140,700

 

Pre-lottery applications are available through 2:00 p.m., Wednesday, June 26, 2024, electronically on the City of Somerville Inclusionary Housing Program website.   

 

A complete application must be delivered to the Housing Division by 2:00 p.m. on Wednesday, June 26, 2024. Applications may be mailed or dropped off to the Inclusionary Housing Program (Housing Division) located at 50 Evergreen Ave., Somerville, MA 02145 (must be received by this date, not post-marked), emailed to inclusionary@somervillema.gov or faxed to the Inclusionary Housing Program at 617-591-3235. A lottery including complete and eligible applications submitted prior to the deadline will be held virtually at 2:00 p.m on Wednesday, July 3, 2024, over Zoom. The lottery will be streamed live, recorded, and posted on the city’s YouTube page and Housing Division’s website along with the lottery results. 

 

205 Beacon St. is a four-story apartment building in the Cobble Hill neighborhood that includes eleven (11) apartments including eleven (11) 2-bedrooms. One unit in this building is owner-occupied and not for rent. Parking is available in a garage under the building and on street for no fee per month. This property only allows assistance animals. 

 

These apartments will be offered to income eligible households through a pre-lottery application, lottery, and income certification process. Interested renters should be prepared to proceed with an income certification. The Housing Division recommends households begin collecting their past most recent (2023) W2s, 1099s, and federal tax returns, including all schedules and pages, and the most recent three (3) complete, consecutive months of all income and asset statements. The city reserves the right to request more income/asset information during the income certification. 

 

These apartments are restricted in perpetuity to eligible households and subject to annual income certifications.  Units may not be used for Airbnb, Homeaway or other short term rentals platforms or services and cannot be subleased. Units must be used as the primary and principal residence of the household.