CWB HOMEOWNERSHIP - ACTIVE LOTTERY

The Overlook At Coes

The Overlook At Coes is a residential development in Worcester consisting of 10 units. All units are designated as income-restricted and will be sold to households earning at or below 80% AMI (Area Median Income).

Online Application

52-54 Circuit Avenue South, Worcester, MA 01603

Total Homes

1–2

Bedrooms

$190,000

Starting From

Mon, Oct 26, 2026

Application Deadline

Free language assistance and reasonable accommodations for persons with disabilities are available.
Call (617) 531-7123 Ext 760 (US Relay 711) or email TheOverlookAtCoes@MaloneyProperties.com

Available Homes

10 Income-Restricted Units

80% AMI Units

Unit Count	Condo Size	Estimated Square Feet	Price	Estimated Condo Fees	Accessibility Units
2	1-Bedroom	704-712	$190,000	$300/month	—
8	2-Bedroom	1,004-1,046	$215,000	$300/month	2 Mobility

Eligibility

Maximum Income Limits

Set by HUD. Based on Household Size & AMI%

Program: CommonWealth Builder (CWB)

View Deed Restrictions

Asset Limit

$155,000

Excludes Retirement accounts; includes Real Estate.

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
1-Person	$73,750
2-Person	$84,300
3-Person	$94,850
4-Person	$105,350
5-Person	$113,800
6-Person	$122,250

2026 Area Median Incomes for Worcester County - FMR

The Overlook At Coes entrance with residents outside

Building Features

Amenities

Thoughtfully designed spaces and features for modern condo living in the heart of Worcester

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Bike Storage

Each building has bike storage for all residents

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In-Unit Laundry

Washer & dryer included in every unit

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Energy-Efficient Building

Gas is not a utility. Electric-only building

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On-Site Surface Parking Included

One parking space per unit is included in the purchase price

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Kitchen Appliances

Refrigerator, microwave, dishwasher, & garbage disposal all included

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Common Playground

On-site playground for residents to use

Frequently Asked Questions

Your Questions, Answered

What are the condo fees?+

The condo fees are estimated to be $300/month. Fees are subject to final pricing and beneficial ownership.

What utilities/services are included in the condo fees?+

Payroll, common area repairs and maintenance, common area utilities, snow removal, trash removal, master insurance, admin fees, replacement reserve, & water/sewer. Owners will be responsible for all other utilities, including electricity (heating/cooling, hot water, cooking, & laundry) & cable/internet (optional). Gas is not a utility at this property.

Is parking included with the purchase?+

One on-site surface parking spot is included in the purchase price. There will be on-street parking on the street(s) surrounding the property.

Is storage included with the purchase?+

Additional on-site storage is neither included nor available for rent/purchase.

What is the pet policy?+

Pet policy is TBD. It will be finalized before the income verification process. Service animals are permitted with no additional fees with proper documentation.

Who is eligible to apply to the lottery?+

All households are eligible to apply to the lottery! Once the lottery is held and we begin income verification, households whose total income falls at or below the maximum income limits for their household size and whose assets do not exceed $155,000 (excluding retirement accounts) are eligible to purchase a unit.

Do I have to attend the information session and/or the lottery drawing presentation?+

No. Attendance is not required for either. Both the info session and lottery drawing presentation will be recorded and available for at-request viewing while the lottery results will be sent out via email or letter 1-3 business days after the lottery drawing date.

How does the lottery work?+

Applications will be distributed between the dates stated below. 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) must mail the completed application back to Maloney Properties 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.
Maloney Properties will then conduct a lottery, where each applicant will be assigned a randomized lottery number.
Following the lottery, we will then show the units to the top applicants based on their ranking, which factors in preferences then the 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 there Deed Restrictions?+

Yes. You may view the deed restrictions here.

How can I request a Reasonable Accommodation?+

Free language assistance and reasonable accommodations for persons with disabilities are available upon request. Call (617) 531-7123 Ext 760 (US Relay 711) or email TheOverlookAtCoes@MaloneyProperties.com.

Should you have additional questions about this property, please contact us at TheOverlookAtCoes@MaloneyProperties.com.

Information Session