A "Limited Equity Coop". Applicants purchase a share representing membership in the Cooperative, and pay a monthly amount that covers operating expensies, but the cooperative owns the building, land and any common areas. The 1BR Share (down payment) = $10,568; 2BR = $13, 978; 3BR = $17,194; 4BR= $20,464; 5BR $23,748. Members can also deduct their pro-rata share of the cooperative's mortgate interest and real estate taxes on thr personal federal income tax returns. Each applicant must pay a share, which is the amount that an applicant must pay to become a member of the cooperate. It is similar to a "down payment" but not exactly the same. The share value is valie for May 2005.
Just minutes from Dudley Square.
Great first time homebuyer's opprotunity!
erase what is not applicable: 1. Entrance is ground level, by ramp, lift or elevator accessible 2. No steps from the parking lot pathway to an entrance 3. Entrance with fewer than 5 steps 4. Public transit has pathway and entrance that is ground level 5. ENTER NUMBER of wheelchair accessible units that are located on the first floor
HousingWorks, Inc.
P.O. Box 231104
Boston, MA 02123