STYLISH NEW HOMES PRICED JUST RIGHT FOR YOU!



Think You Have to Sacrifice Style to Buy an Affordable Home in Boston! Think Again.

The 1st Home Program provides a great opportunity for first-time homebuyers to purchase a new, rehabilitated or resale single or two-family homes or condominium.
View sales homes

FEATURES:

• Beautiful New Homes;
• Below Market Prices for Many Income Levels;
• Most have 2-3 Bedrooms, 1.5 Baths, Dining Area, basements, porches, off-street parking and yards.
  

BUYER BENEFITS:

• Affordable Homeownership
• Great Neighborhood Locations;
• Down payment and closing cost assistance for eligible buyers.

Who Can Buy These Homes?
Anyone meeting certain requirements is eligible to buy.  Applicants generally must:

• Be first time homebuyers
• Complete a certified homebuyer education class prior to purchasing a home.  Completion of this class may also qualify you to receive financial assistance for downpayment and closing costs through the Boston Home Certificate Initiative.  Call the Boston Home Center at 635-HOME (4663) to get more information on classes.
• Submit a 1st Home Property Application with all of the requested documentation.  Click here to get an online version (pdf format) of the application to print and fill out.
• Have enough savings to cover both closing costs and downpayment.  Through the Boston Home Certificate Initiative, low- and moderate-income applicants may be eligible for financial assistance to help with downpayment and closing costs.  Call the Boston Home Center at 635-HOME (4663) for more information.
• Meet certain income requirements.  Buyers must be of low or moderate income.  Households with incomes as high as $100,900 for a family of four are eligible to participate in the program.
• Have assets less than $75,000.  [see Asset Limitation Policy (pdf format)]

Buyers for all properties are selected from the pool of applicants by a random lottery.

Percentage of HUD Area Median Income
Adjusted For Household Size
Current as of March 2006

HOUSEHOLD SIZE	CDBG Low Mod	120% OF MEDIAN
1 Person	$46,300	$69,200
2 Persons	$52,950	$79,100
3 Persons	$59,550	$89,000
4 Persons	$66,150	$98,900
5 Persons	$71,450	$106,800
6 Persons	$76,750	$114,700
7 Persons	$82,050	$122,600
8 Persons	$87,350	$130,500

 

What Happens Next?
A qualified applicant will be automatically enrolled in any lottery for which that applicant meets the specific lottery requirements.  If your information changes after you submit your application to us, please notify us as soon as possible and send updated documents.  Also, depending on the age of your original application, we may periodically request that you update your information.  Applications may be good for up to one year.

Our Homes Have Character, Lots of Room to Grow and Complement the Many Different Neighborhoods in Which They are Built.

The Only Thing Missing ... Is You!

Click on the flyers below to view information about 1st Home Properties that are currently being marketed.

1st Home Properties for Sale Now:

South Boston - West 7th Street

Dorchester_Lawrence Ave  (Intervale)
These homes are available on a first-come first-served basis for qualified applicants. Download the application here or call the Boston Home Center at 617-635-4663

 

1st Home Information Sessions

Free 1st Home Information Sessions are scheduled monthly in neighborhood locations.  At the seminar learn about the 1st Home Program lottery, including the requirements, eligibility and the application process, as well as information about financial assistance that may help you to buy a new home. View the current workshop schedule. For more information, call the Boston Home Center at 617-635-HOME(4663)

Another affordable housing opportunity resource is the Boston Redevelopment Authority. The BRA is also committed to creating affordable homeownership and rental opportunities in the City of Boston. The link to the BRA’s website which offers information about these homeownership and rental opportunities follows: http://www.cityofboston.gov/bra/AffordHousing/AH.asp.

[Note: Some documents linked to this page are created in PDF format. In order to view and print documents in PDF format, you must download and install the Adobe Acrobat Reader utility.]
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