When a developer in Boston builds a large condo project (over 10 units, I think), it has to agree to set aside a certain percentage of units as "affordable". This is somewhere in the 13% range. Whether or not this is a good thing is open to debate (to me, at least), but it does end up making home ownership possible for people who would otherwise be priced out of the Boston market. The good part is, if you are looking to buy one of these, the income restrictions are not as severe as you might fear - often, you can make $40,000, $50,000 or even up to $70,000 or $80,000 a year and s[...]
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[Source: The Money Blogs]
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