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Malden Affordable Homeownership Project Begins Application Process

Special to The Advocate

 

Applications are now open for five new affordable homeownership units at 272-274 Cross St. in Malden, Mayor Gary Christenson announced. The project, which was developed by The Neighborhood Developers (TND) with financial support from the City of Malden and MassHousing, includes three two-bedroom units for people earning no more than 100% Area Median Income (AMI) and two one-bedroom units for people earning no more than 80% AMI. Malden residents will receive a preference in the lottery. Applications and more information, including income limits, is available online at https://www.theneighborhooddevelopers.org/all-real-estate-projects/272cross. Applications are due by Tuesday, October 7, and the lottery will be held on Tuesday, October 21.

“For too many families, the dream of homeownership is out of reach. I am thrilled that our commitment to affordable housing has paid off, and a property that was once vacant and an eyesore has been transformed into five affordable homes for first-time homebuyers,” said Mayor Christenson. “I am grateful for The Neighborhood Developers’ continued partnership and shared commitment to this project. I encourage all interested income-eligible residents to apply for this housing opportunity.”

The new affordable homes are located on a previously vacant property. The City of Malden identified the site as an opportunity to build new affordable housing with support from MassHousing’s Neighborhood Hub initiative. The location provides excellent accessibility and convenience; it is situated near public transit, schools, shops and other neighborhood amenities that will serve future residents well. With significant local funding from the City of Malden’s Affordable Housing Trust Fund and Housing ARPA subcommittee, this project offers income-eligible, first-time homebuyers an excellent opportunity for affordable homeownership.

“The construction of 272-274 Cross Street is a welcome addition to Ward 7 that will bring needed affordable homeownership opportunities to our residents,” said Ward 7 Councillor Chris Simonelli. “The opening of the lottery process promises to provide first-time homebuyers and their families an exciting opportunity to own and further deepen their roots within Malden.”

“We’re proud to partner with MassHousing and the City of Malden to bring affordable homeownership to 272 Cross Street,” said TND Executive Director Rafael Mares. “This project shows what’s possible when we work together to turn a long-vacant property into something that strengthens the community. Thanks to support from the Neighborhood Hub initiative, five new families will soon have the chance to build roots and stability in Malden. With applications now open, this vision is becoming a reality — and we encourage individuals and families to apply.”

The lottery will be managed by WinnResidential. The application period began on Monday, July 7, and will run until Tuesday, October 7. The lottery will be taking place on Tuesday, October 21, at a yet to be determined location. To apply, residents can either:

  • Apply online at https://form.jotform.com/waitlistupdate/cross-street
  • Mail a paper application to Cross St Lottery c/o HousingWorks, P.O. Box 231104, Boston, MA 02123-1104
  • Drop-off a paper application to Winn Residential Office, 4 Gerrish Ave., Chelsea, MA 02150

Paper applications are available at WinnResidential’s office at 4 Gerrish Ave. in Chelsea, Mass., or at the Office of Strategic Planning and Community Development in Malden City Hall (215 Pleasant St., Room #350, Malden, Mass.).

There will be two informational sessions regarding the lottery process taking place at 6:00 p.m. in Room #105 at Malden City Hall — on both Tuesday, August 5, and Thursday, September 4. For more information regarding the lottery process, you can contact WinnResidential at 617-884-0692. For more information regarding the project, you can subscribe to updates by visiting cityofmalden.org/272Cross.

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