Jennifer Woodsum or Maureen O'Hagan

978-456-8388

978-456-8986

711

Located on John Street, Waterfront Lofts at Boott Mill Condominium consists of 78 mixed-income residential units and 40,000 sq. ft. of commercial space in the historic Boott Cotton Mills complex in Lowell, MA. Ten one, two and three bedroom condominiums are available for eligible first time homebuyers (certain exceptions apply).  All affordable units are being converted from rental apartments to for sale condominiums. The one bedroom units include 1 bathroom.  The two and three bedroom units include 2 bathrooms. Some, not all, of the units include a den.  The den can not be used as a bedroom.  Pets are allowed, although there are size and breed restrictions.  This is a smoke free property, including in your unit.  All kitchen appliances are included along with a washer and dryer. 

Includes ownership units

No

1 - $62,600; 2 - $71,550; 3 - $80,500; 4 - $89,400; 5 - $96,600; 6 - $103,750

$75,000

First come, first served

All applicants must include a mortgage pre-approval letter from an institutional lender familiar with affordable deed restrictions, and complete financial documentation with the application. An application will be considered incomplete and will not be included in the lottery if a mortgage pre-approval letter and all financial documentation is not received on or before the application deadline. Applicants who submitted an incomplete application will be notified after the application deadline and will NOT be included in the lottery. FHA, VA and Quicken loans are not acceptable as they do not close on Deed Restricted properties.