Applications coming in for new Cambridge housing lottery
It’s all part of the city’s effort to reserve housing for the middle class.
Cambridge received dozens of applications Monday for a new lottery to provide affordable housing for families who earn as much as $118,200 a year, The Boston Globe reports.
It’s all part of the city’s effort to reserve housing for the middle class.
“You have to have a pretty good income to be here without any assistance,’’ Housing Director Chris Cotter told the Globe. “We want to create options.’’
The applicants are vying for a spot at the Vivo Apartment Homes on Third Street, where rents for the reserved units will range from $1,996 to $2,439 for a two-bedroom apartment, compared to the market-rate units in the building, which rent for $3,229 to $4,364.
Read the full story in the Globe.
Neighborhoods where home sellers get more than they asked for:
[bdc-gallery bgmp-legacy-id=”74912e04-5e1e-11e5-b6f3-b343d5fd9833″ id=””]
To comment, please create a screen name in your profile
To comment, please verify your email address
Conversation
This discussion has ended. Please join elsewhere on Boston.com