2 Affordable Homeownership Opportunities – The Elohim, Lynn

Application deadline Friday, July 18th, at noon

1 BR/1BA (2D/Unit 204) – $210,000

• 446 sq. ft.
• condo fee $183.23

2 BR/2 BA (3F/Unit 306) – $240,000

• 908 sq. ft.
• condo fee $209.41

Applicable to both units:

• Street parking
• Storage unit and garage parking for purchase, subject to availability
• Washer/dryer hook-ups, stove, refrigerator, microwave, dishwasher.
• FY25 real estate tax $10.36 per $1,000.
• Pets: Dogs and cats (2 max), aquarium fish, caged birds.  Breed restrictions apply for dogs.  $300 pet security deposit.
• Accessibility: Elevator in building.
• These are deed-restricted, affordable units. Restrictions include that the unit must be occupied by owner and limitations on resale price and transfer.

Link to City of Lynn deed restriction:  13 nahant deed rider final

Please note:

• Photos below are from unit 2D only.  Unit 3F has the same finishes.
• If you have questions about viewing the units during the application period, please contact Jenna DeRose at NextGen Realty (jderose@nextgenrealty.com, 617-991-3360).

Information on Zoom on Monday, June 16th, at 7:00 p.m. to answer questions about the units and provide an overview of the application process.  Attendance is not mandatory.  Meeting ID: 829 2958 1324, Passcode: 016439.

Income restrictions apply (2025 60% Area Median Income):

• 1 person:  $69,480
• 2 persons:  $79,440
• 3 persons:  $89,340
• 4 persons:  $99,240
• 5 persons:  $107,220
• 6 persons:  $115,140

Household assets may not exceed $150,000.

Scroll down to read information package (important!) and apply online.  If you have trouble accessing the application or information package, please email stefanie@metrowestcd.org.

Click the download button to review the important information about this permanently deed-restricted unit before you submit an application. There are permanent rules regarding the future sale of this unit that you need to understand.

Click the apply button for the eligibility pre-application. All complete pre-applications must be submitted before the deadline to be included in the lottery. Mortgage pre-approval letter is required for pre-application to be considered complete. Applying for the lottery does not obligate you to purchase the home. Incomplete pre-applications will not be entered into the lottery.