St Louis Schoolhouse

403 Division Street
Fall River, MA 02721
United States

Price:
$189—263k
Bedrooms:
1—2
Accessible:
Yes
Accessible:
Yes
Main Listing Image

Property Overview

Property Facts:

Property Type:
Condominium Building
Condo Fees
247-369
Year Built:
2025

This is a lottery for the eighteen (18) affordable 1-bedroom and 2-bedroom units located within St. Louis Schoolhouse, a renovation of an existing school building in Fall River. Nine (9) of these units will be sold at affordable prices to households with incomes at or below 80% of the area median income (AMI), and Nine (9) of these units will be sold at affordable prices to households with incomes at or below 100% of area median income (AMI). Affordable homes are expected to be ready starting in the Summer of 2025. Units will feature LED recessed lighting with smart wi-fi light switches, mini split AC units, on demand hot water system, a video doorbell system, high end counter tops, contemporary cabinet design, in unit washer and dryer appliances, floating vanities, and more. The community will feature bike storage, security camera system, a mail and storage room, trash chute system, conference room and co-working space, elevator, an elevated outdoor balcony for common use, and 18 parking spaces.

Property Details

Unit Details

Basement:
No
Appliances:
Dishwasher
Microwave
Refrigerator
Stove/Oven
Washer/Dryer
Listing Garage Parking
Garage Parking:
There is no garage parking.
Off Street Parking:
Yes, there is 1 available space.
Heating type:
Gas
Electric
Air Conditioning:
No
Pets allowed:
Yes

Eligibility Information

Income limits:
To be eligible to apply for purchasing an affordable unit, the combined annual income for all income sources of all income-earning members in the household must be at or below eighty percent (80%) or one hundred percent (100%) of median income for the loc
Asset limits:
All households, with the exception of current recipients of HUD assistance, shall not have total gross assets exceeding $150,000 in value
Must be first time homebuyer:
Yes
Age Restrictions:
No restriction

Application Information

Application Type:
Lottery
Application Deadline:
May 20, 2025
 
Application Process:

Info Session: April 23rd, 2025 at 6:00 pm via Zoom. Go to zoom.com/join or call (646) 558-8656 and enter Meeting ID: 818 9317 7595, Passcode: 088159

Application Deadline: May 20th, 2025

Lottery: June 3rd, 2025 at 6:00pm via Zoom. Go to zoom.com/join or call (646) 558-8656 and enter Meeting ID: 857 2736 5609, Passcode: 276410

Monitoring/Lottery Agent or Property Manager
SEB Housing
Contact
SEB Housing