50 Balch Street, Beverly, MA 01915
Nine income-restricted senior homes for sale in Beverly, with 1 or 2 bedrooms, for households earning up to 80% of the area's median income.
- Type of listing
- For sale
- Price
- $333,400–$375,900
- Deadline
- No deadline
- How you get in
- First come
- How to apply
- By mail, in person or by email
- Listing page
- ma-concordrhso.civicplus.com ↗
Cost
| Size | Price This price is for households earning up to 80% of the area's median income, the middle income where you live. | Homes |
|---|---|---|
| 1 bedroom | $333,400 | 1 |
| 2 bedrooms | $375,900 | 8 |
Monthly fee after you buy (carrying charge)
| Size | Fee |
|---|---|
| 1 bedroom | $173 |
| 2 bedrooms | $195 |
Deposit
A small deposit is due when you sign the purchase and sale agreement
Other costs
Estimated property tax: $300 each.Storage room, optional: $400 to $1,200 a year.
Who can apply
Criteria
Age
55 or older
Income limits
| Household | Maximum income The most your whole household can earn in a year, before taxes. These limits are for the listing's highest income level, 80% of the area's median income. Some homes here may have lower limits. |
|---|---|
| 1 person | $96,000 |
| 2 people | $109,700 |
| 3 people | $123,400 |
| 4 people | $137,100 |
Other rules from the listing
- Asset limit: $275,000.
- You can't own other residential property.
- You need a current mortgage pre-approval and must be ready to buy.
- Down payment of at least 3% of the price, half from your own funds.
How to apply
By mail
Regional Housing Services Office
37 Knox Trail
Acton, MA 01720Submit your application.
37 Knox Trail
Acton, MA 01720Submit your application.
In person
Regional Housing Services Office, 37 Knox Trail, Acton, MA 01720
By email
jenp@
Documents you'll need
- Federal tax returns for 2023, 2024 and 2025 with W-2s
- Five most recent consecutive pay stubs
- Statements for other income
- Such as child support
- Social Security
- Pensions or unemployment
- Last 3 months of statements for every bank
- Investment and retirement account
- All pages
- Current mortgage pre-approval and proof of money for the down payment and closing costs
- Papers on any real estate you own or have an interest in
- If you have any
- Signed and notarized statement for each adult with no income
- If it applies
- Signed and notarized statement about child support
- Gift letter signed by the donor saying the gift needs no repayment
- Signed and dated minority self-declaration statement
Next steps
- Showings are by appointment, once your application and mortgage pre-approval are submitted.
- The state housing agency checks your income and assets; approved buyers get 3 days to agree to buy.
- Then you have 14 days to sign the purchase and sale agreement and pay a small deposit.
- Taking a first-time homebuyer class before closing is encouraged.
Contact
Contact person
Jenicia Pontes
Phone
Details
Good to know
Resale price limits and a deed restriction apply when you sell the home.The building is under construction and opens for move-in in fall 2026.Up to two parking spaces at no extra charge.
Last checked
Oct 14, 2026
Map
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