440 Broadway
440 Broadway is a residential development in Chelsea consisting of 28 units. All units are designated as income-restricted and will be sold to households earning at or below 80% AMI or 100% AMI (Area Median Income)
440 Broadway, Chelsea, MA 02150Free language assistance and reasonable accommodations for persons with disabilities are available.
Call (617) 639-3064 Ext 729 (US Relay 711) or email 440Broadway@MaloneyProperties.com
Available Homes
28 Income-Restricted Units
16 Units Left!
Pricing & Condo Fees vary by AMI% and Unit Size
80% AMI Units
| Unit Count | Condo Size | Estimated Square Feet | Price | Estimated Condo Fees | Accessibility Units |
|---|---|---|---|---|---|
| 4 | 1-Bedroom | 730 | $266,000 | $335.92/mo | — |
| 1 | 2-Bedroom | 950 | $301,500 | $380.61/mo | 1 Mobility |
| 2 | 3-Bedroom | 1,175 | $337,000 | $425.29/mo | — |
100% AMI Units
| Unit Count | Condo Size | Estimated Square Feet | Price | Estimated Condo Fees | Accessibility Units |
|---|---|---|---|---|---|
| 4 | 1-Bedroom | 730 | $299,000 | $378.02/mo | 1 Mobility |
| 4 | 2-Bedroom | 950 | $339,000 | $428.11/mo | — |
| 1 | 3-Bedroom | 1,175 | $385,000 | $487.14/mo | — |
Eligibility
Maximum Income Limits
Set by HUD. Based on Household Size & AMI%
Program: CommonWealth Builder (CWB)
Excludes retirement accounts; includes real estate.
Restricted to 11 80% AMI Units with HOME funding
Income Limits and Purchase Prices are determined by HUD on an annual basis. To find out more about the current year's Limits, please visit this link.
| Household Size | 80% AMI | 100% AMI |
|---|---|---|
| 1-Person | $96,000 | $120,000 |
| 2-Person | $109,700 | $137,200 |
| 3-Person | $123,400 | $154,300 |
| 4-Person | $137,100 | $164,600 |
| 5-Person | $148,100 | $185,200 |
| 6-Person | $159,050 | $198,900 |
2026 Area Median Incomes for Boston-Cambridge-Quincy MA-NH MSA
These documents summarize important restrictions on your right to sell, rent out, or refinance these homes should you buy them. Please read these documents carefully before buying a home.
Gallery
Property Photos
Bright, modern homes in the heart of Chelsea — take a look at the place you could call home
Building Features
Amenities
Thoughtfully designed spaces and features for modern condo living in the heart of Chelsea
Elevator Access
Full-building elevator service for every floor
In-Unit Laundry
In-Unit Hookups for your personal appliances.
Energy-Efficient Building
PassiveHouse-certified
On-Site Garage Parking
19 spaces available — $20,000/space + $50/month condo fee add-on.
Kitchen Appliances
Refrigerator, microwave, dishwasher, & garbage disposal all included
Close to Public Transit
Within 0.5 miles of Chelsea commuter rail & adjacent to Broadway corridor bus stops
Frequently Asked Questions
Your Questions, Answered
What are the condo fees?+
What utilities/services are included in the condo fees?+
Is parking included with the purchase?+
No, parking is not included. There are 19 garage parking spaces available to purchase for $20,000 on a first-come, first-served basis. If purchased, there is an additional $50/month added to the condo fee.
Please note - Owners at 440 Broadway will not be eligible for residential permit parking stickers.
Is storage included with the purchase?+
What is the pet policy?+
Who was eligible to apply to the lottery?+
Do I have to attend the information session?+
How did the lottery work?+
Applications will be distributed between the dates stated above. Applications will be made available online, by mail, and in person during the scheduled distribution times. Applicants who prefer to submit a hard copy of the application (versus the online application) are required to mail the completed application back to ACRES Consulting LLC. The application must be postmarked on or before the application deadline date. Applications will also be accepted by email.
- Applicants who submit a complete application by the deadline will then be entered into the lottery.
- All applicants will receive an application number.
- The application number is used for the lottery to keep the identity of applicants confidential.
- ACRES will then conduct a lottery, where each applicant will be assigned a randomized lottery number.
- Following the lottery, we will start showing the units to the top applicants based on their ranking, which factors in preferences and then their lottery number. At this stage, we will begin to request supporting documentation (paystubs, bank statements, taxes, etc.).
Please note that entry in the Lottery Drawing does not constitute qualification or eligibility. Applicant's eligibility will be determined post-lottery.
What is considered income?+
How is my income calculated?
The household income is calculated based on the gross income of the household. Commissions, bonuses and other regular payments are included and considered part of the gross annual income.
I didn't file taxes last year. What do I need to provide?
Individuals or households who did not file taxes must provide a verification of non-filing from the IRS in lieu of a tax return. To obtain the verification of non-filing, applicants should fill out a 4506-T form and file it by mail or hand-deliver it to an IRS office. The IRS will mail back a letter of verification which must be provided with the income materials given to the marketing agent. See the IRS website to download a 4506-T form.
I received a pay raise between the time I picked up an application and the time I was income certified and now I am over the income limit. What do I do?
Income is calculated at the time the applicant submits an application to the lottery agent, not during the application process or at the time of the lottery. Eligibility must be maintained from the time of the application pick up until after income certification verification. Unfortunately, if an applicant's income is over the income limit, the applicant will not be eligible for the particular unit for which they applied.
I have children in school/college, how does this affect my application?
Income from children in school/college under the age of 18 is not considered towards the income of the household.
Are student loans considered income?
Student loans are not considered income and may not be used to income qualify.
I am separated from my spouse, does this affect my application?
Legally married couples shall both be considered part of the household, even if separated. Applicants with additional questions regarding this policy must speak with the marketing agent/seller.
I would like to appeal a decision regarding income eligibility. How do I appeal?
Applicants who are rejected will receive a rejection letter in writing and will be given 7 days for the opportunity to appeal the decision.
Are reasonable accommodations available?+
Should you have additional questions about this property, please contact us at 440Broadway@MaloneyProperties.com.
HOW TO APPLY
First-Come, First-Served (FCFS) Registration Form
We have exhausted the lottery lists for the remaining units and are processing applications on a First-Come, First-Served (FCFS) basis.
If you would like to be considered for a unit, please apply using the methods below!
Attention: 440 Broadway FCFS
Wellesley, MA 02481
- Applications OpenedCurrently open for FCFS
- Application DeadlineFCFS - Accepting Applications Until Sold
Free language assistance and reasonable accommodations are available on request