Published December 4, 2020
MELROSE — People have until Monday, Jan. 4 at 4 p.m. to apply to for one affordable, 2-bedroom unit at 8 Greenleaf Pl., a new three-story, residential condominium development in Melrose with six units.
The affordable unit with approximately 1,500 square feet of living space is being offered by lottery to eligible households earning up to 80% of the area median income. The unit has a maximum sales price of $288,200 and an initial monthly Home-Owner Association (HOA) fee of $178. A parking space is included with the sales price. Greenleaf Place is off Franklin Street.
A public information meeting was held on Thursday, December 3, 2020 at 5:00pm via Zoom to answer specific questions and provide an overview of the application process and purchase process. Link: https://us02web.zoom.us/j/84214865753?pwd=UUZtcW1pUXVhWStKSUx0cG9NYzFsZz09
If you are unable to attend the public information meeting and have any questions about the application requirements or process, please contact the Lottery Agent, Nancy Flynn-Barvick from Metro West CD, at nancy@metrowestcd.org. If you have any questions about the building or the unit, please contact the Developer, Raymond Boghos, at ray.boghos@boghosproperties.com.
PLEASE NOTE: All complete pre-applications must be received (by email) or postmarked (if mailed) on or before 4:00 p.m. on the application deadline date (January 4, 2021) to be included in the lottery. Applying for the lottery does not obligate you to purchase a home. The lottery will be held via Zoom and is tentatively scheduled for January 12, 2021. A mortgage pre-approval letter from an institutional lender familiar with affordable deed restrictions must be included with your pre-application for it to be considered complete.
The information packet/pre-application and flyer for the affordable housing lottery can be obtained on the City of Melrose’s website.
