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Framingham – Bancroft Lofts

Application Period Is Currently Closed!

Important Documents

Rent

80% AMI
Studio$1,360 - $1395 /mo
1 Bedrooms$1,519 - $1,565 /mo
2 Bedrooms$1,661 - $1,720 /mo
  • Prices vary given different utilities in the two buildings. Tenants will be responsible for paying costs of heating, hot water, cooking, electricity, water and sewer

Maximum Allowable Household Income

  • 1 Person Household: $67,400
  • 2 Person Household: $77,000
  • 3 Person Household: $86,650
  • 4 Person Household: $96,250

Overview:

Bancroft Lofts will offer 258 apartments within a renovated mill building and a new six-story podium building. There will be 26 affordable apartments ready for occupancy starting in Winter 2021 which will be rented to households with incomes at or below 80% of the area median income. The rehabilitated Bancroft Building will contain 160 unique loft-style units with large windows, high ceilings and exposed industrial features. A ground-up podium building will also contain 98 newly-constructed upscale units in four floors situated above a two-level parking garage. It will include a half-acre outdoor courtyard and amenity space with a pool, indoor/outdoor event space, and seating areas. There will also be a 4,500 SF amenity center that will house a large fitness studio, co-working and community meeting space, and a gallery/event space.

Key Dates

  • November 23, 2020: Info Session: 6pm via YouTube Live Stream https://youtu.be/1y2nnv_09vo or just search “SEB Housing” in YouTube and click the thumbnail for Bancroft Lofts Info Session, AND via conference call (425) 436-6200 Access Code: 862627
  • December 21, 2020: Application Deadline: 2pm, 100% complete applications must be received or postmarked
  • January 7, 2021: Lottery: 6:00pm via YouTube Live Stream https://youtu.be/PpMDb8sg0Vo or just search “SEB Housing” in YouTube and click the thumbnail for Modera Marshfield Lottery, AND via conference call (425) 436-6200 Access Code: 862627

Unit Remaining

  • 26