399,000

Mayor's Office of Housing (MOH) Income-Restricted Resale Condo in Chinatown. This 10th floor 1-bedroom condo includes in-unit washer/dryer, concierge building, common outdoor space, AC, bike storage, oak laminate floors, and near the Orange and Silver Line. This condo is subject to MOH approval of buyer's eligibility application. To purchase the condo a 1-person household (HH) must be under $120,000, a 2-person HH under $137,200, and a 3-person HH under $154,300. Please inquire for larger HH sizes. The buyer(s) shall obtain a 30-year fixed-rate mortgage loan conforming with Fannie Mae guidelines with a Loan-to-Value (LTV) ratio of less than or equal to 97% of the maximum resale price calculated. Buyer(s) shall have less than $100,000 in countable assets. The asset limit does not include many types of retirement accounts or education savings. The buyer(s) shall be a first-time homebuyer or someone who has not owned property in over three years.