4A Cragmore Road, Newton, MA

The City of Newton is accepting applications for 4A Cragmore Road. This unit is a condominium in an 8-unit development with 3 bedrooms and 2 baths. The condominium fee is currently $108.00 per month, and the buyer will also pay an estimate of $10.18 per thousand or $243.00 per month in property taxes.

Buyers must have adequate funds for their down payment plus closing costs and a pre-qualification for a mortgage amount sufficient to purchase the unit.

The City of Newton is offering a Down Payment/Closing Cost Assistance grant of $10,000 to eligible applicants for the purchase of 4A Cragmore Road, Newton, MA.

The unit is deed restricted to ensure permanent affordability. It will be made available through an application and lottery process and sold to a household with an income at or below 80% of the Area Median Income. See the maximum household income limits below.

MAXIMUM Household Income Limits:

1-Person Household: $82,950

2-Person Household: $94,800

3-Person Household: $106,650

4-Person Household: $118,450

Application Period Opens: Monday, February 12, 2024

Open House: 74B Webster Park – Saturday, February 24, 2024, 2pm-4pm

Application Deadline: Thursday, March 7, 2024, 1:00 p.m.

Lottery: Thursday, March 28, 2024, 4pm via Zoom

Applications are due on March 7, 2024, 1:00 P.M.

Applications received after the March 7, 2024; date will not be accepted.