loading1
loading2
Back To Listing
alt

Richmond Meadows Phase II

Application Period Is Currently Closed!

Important Documents

Rent

Unit Size50% AMI80% AMI100% AMI
Studios$955/moNA$1,725/mo
1BR$1,088/mo$1,546$2,319/mo
2BRNA$1,707/mo$2,577/mo
  • *These monthly rents are based on the 2021 HUD income limits. In addition to the monthly rent, Tenants will pay for their own Electricity (Heat, Hot Water, and Cooking are all electric). The Landlord will pay for Water and Sewer charges.

Overview:

The Richmond Meadows II (Phase 2A) and (Phase 2B) Rental Apartment Development Project is comprised of
24-unit and 16-unit phases of the total 225-unit rental apartment community located off Old South Road in
Nantucket. This lottery is for the series of 16 units of affordable apartment units which are scheduled to be
available for initial occupancy in the late spring or early summer of 2022). These 16 affordable rental apartments
will be made available through this application process and will be rented to households with the following
annual income limits and at the following monthly rents:

– Six (6) Units will be Rented to Households Earning 50% or Less of the Area Median Income (AMI)
– Four (4) Units will be Rented to Households Earning 80% or Less of the Area Median Income (AMI)
– Six (6) Units will be Rented to Households Earning 100% or Less of the Area Median Income (AMI)

The MAXIMUM Household Income Limits are as follows:

50% AMI Restricted Units:  $47,950 (1 Person), $54,800 (2 People)

80% AMI Restricted Units:  $65,950 (1 person), $75,350 (2 people), $84,750 (3 people) $94,150 (4 people),

100% AMI Restricted Units:  $95,270 (1 Person), $108,880 (2 People), $122,490 (3 People), $136,100 (4 People)

Units Remaining

  • 16

Key Dates

  • March 30, 2022: Info Session: starting at 6:00 pm via YouTube livestream at https://youtu.be/8TTU_zSYHzI (or just search for SEB Housing in YouTube) and via Conference Call – (425) 436-6200. Code: 862627. Households can also attend the livestream and conference call in the Community Room of the Public Safety Building at 4 Fairgrounds Road, Nantucket.
  • May 10, 2022: Application Deadline: Completed Applications and Required Income Documentation must be delivered, or postmarked, by 2:00 pm
  • May 23, 2022: Lottery Night! 6:00pm