Comments on: Closings begin at The 1850 http://www.bostonreb.com/2008/07/closings-begin-at-the-1850/ Boston real estate, Boston condos, Boston luxury condos, Boston luxury real estate, Back Bay condos, Back Bay real estate, Back Bay luxury condos, Boston Back Bay condos Mon, 06 Feb 2012 05:38:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: John A Keith http://www.bostonreb.com/2008/07/closings-begin-at-the-1850/comment-page-1/#comment-5158 John A Keith Tue, 22 Jul 2008 17:23:28 +0000 http://bostonreb.com/2008/07/21/closings-begin-at-the-1850/#comment-5158 There may be "affordable housing" units included in the building. These aren't "low-income" units, but units that are set aside for sale to people within certain income groups. Guidelines vary, but often you can make up to $50,000 to $60,000 and still qualify. Every developer has to agree to this. The options are: contribute money to the city; build affordable housing onsite; or, build affordable housing offsite. Wilkes Passage, for example, has affordable housing units. The existence of affordable housing units has had no effect on resale value, at all. Rollins Square is different, in that it has a condo portion and a rental portion, and the rental portion is set aside for people on public assistance. I would recommend that anyone looking to buy use a real estate agent. Perhaps with his / her help, you can get better service from the sales team. There may be “affordable housing” units included in the building. These aren’t “low-income” units, but units that are set aside for sale to people within certain income groups. Guidelines vary, but often you can make up to $50,000 to $60,000 and still qualify.

Every developer has to agree to this. The options are: contribute money to the city; build affordable housing onsite; or, build affordable housing offsite.

Wilkes Passage, for example, has affordable housing units. The existence of affordable housing units has had no effect on resale value, at all.

Rollins Square is different, in that it has a condo portion and a rental portion, and the rental portion is set aside for people on public assistance.

I would recommend that anyone looking to buy use a real estate agent. Perhaps with his / her help, you can get better service from the sales team.

]]> By: SouthEndStyle http://www.bostonreb.com/2008/07/closings-begin-at-the-1850/comment-page-1/#comment-5157 SouthEndStyle Tue, 22 Jul 2008 16:37:35 +0000 http://bostonreb.com/2008/07/21/closings-begin-at-the-1850/#comment-5157 Looking on masslandrecords.com, it shows that other units have already closed to (~12 or so), but some of these look like they are low-income housing. The sales team there have been very rude to my partner and I every time we've gone to visit or asked about the building, but we really, really love these lofts. How does having low-income housing in the same building as regular condos affect future resale? Thanks! Looking on masslandrecords.com, it shows that other units have already closed to (~12 or so), but some of these look like they are low-income housing. The sales team there have been very rude to my partner and I every time we’ve gone to visit or asked about the building, but we really, really love these lofts. How does having low-income housing in the same building as regular condos affect future resale? Thanks!

]]>