The City is interested in increasing affordable housing opportunities for those who would live to live in Newburyport. In addition to our Housing Rehabilitation Program, we work with developers to increase our supply of units that are reserved for people who are of low to median income, who might not otherwise be able to afford housing in the City.
Affordable Homeownership Resale Opportunities
There are several units within the City of Newburyport that are deed restricted as "affordable." When these units are placed on the market as a resale, the Newburyport Affordable Housing Trust (NAHT), is charged with helping to find eligible buyers.
Maritime Landing 
This property was developed by Portside Realty Development as an affordable housing project under Chapter 40B. As a result, 25% (29 total) of the 116 units have permanent deed restrictions on them which requires that they be made available for purchase by qualified, income-eligible applicants.
Foundry Square
This property was developed by Trinity Financial in conjunction with the City of Newburyport to provide affordable home ownership opportunities at the former DPW site on Merrimac Street. The project was completed in 2006 and provided the City with 13 affordable housing units.
ELIGIBILITY
In order to be eligible to purchase affordable resale units, household income must fall within the limits below (as of 5/10):
| Household Size |
1 |
2 |
3 |
4 |
| Income Limits |
$45,100 |
$51,550 |
$58,000 |
$64,400 |
RESALE UNITS AVAILABLE
| Site |
Price |
BRs |
Baths |
Amenities |
| Maritime Landing, 4th Floor |
$180,221 |
2 |
2 |
4th floor, elevator, surface parking, balcony off living room, central air-conditioning, hard wood floors, all kitchen appliances included. Includes large storage locker. |
| Maritime Landing, 1st Floor |
$166,755 |
1 |
1 |
First floor, 839 s.f. condo, balcony, central air, hard wood and tiled floors, crown molding, all kitchen appliances included. |
| Maritime Landing, 1st Floor |
$180,220 |
2 |
2 |
First floor, 1,130 s.f. condo. Central air, hard wood floors, flat-screen DVD in kitchen, all kitchen appliances, washer/dryer and custom blinds included. Extra parking space available for purchase. |
| The Foundry, 2nd Floor |
$172,978 |
1 |
1 |
FIRST TIME HOME BUYERS - built in 2005, second floor unit, parking, central air, walking distance to downtown |
| The Foundry, Townhouse |
$194,534 |
2 |
1.5 |
FIRST TIME HOME BUYERS - built in 2005, 1,265 s.f., three story townhouse, fully applianced kitchen, small rear patio, off street parking, central air-conditioning, walking distance to downtown |
Please call or email if you are interested in arranging a showing for any of these units. You may also email us to be put on our mailing list to be notified of future affordable resales.
Affordable Rental Housing
The Newburyport Housing Authority is the best place to inquire about local affordable rental opportunities. They own and manage developments at the Sullivan Building, Horton Terrace, and Kelleher Park, in addition to administering Section 8 vouchers, and other housing programs. You may also visit MassAccess to view affordable and barrier-free rental housing.
Links:
See MassAccess for other available affordable and accessible units.
Newburyport Housing Authority
Newburyport Subsidized Housing Inventory (SHI) (as of 1/20/10)
Department of Housing & Community Development (DHC/D)
U.S. Department of Housing & Urban Development (HUD)
Citizens' Housing and Planning Association (CHAPA)
First Time Homebuyers Courses
Mass. Housing Partnership's Soft Second Loan
Housing Trusts - M.G.L. Chapter 44 Section 55C
ROOF Over Head Collaborative |
