The Overlook At Coes
The Overlook at Coes is a residential development located in Worcester and consists of 10 units. All of the units are designated as income-restricted and will be sold to households earning at or below 80% AMI (Area Median Income).
FEATURES
Included Surface Parking
Bike Storage
Common Playground
NEIGHBORHOOD
Worcester offers residents a convenient home base in one of Central Massachusetts’ most dynamic cities. Set in the South Worcester area, the neighborhood combines the character of an established residential community with easy access to the shopping, dining, recreation, education, and employment opportunities found throughout Worcester. Neighborhood businesses and grocery options including Shaw's on Stafford Street and numerous options along nearby Main Street, Park Avenue, and throughout Worcester’s growing downtown.
The city maintains an extensive network of parks and green spaces, including nearby recreational destinations such as Coes Pond Park and Cookson Field, giving residents opportunities to enjoy playgrounds, walking, sports, picnics, and time outdoors. Worcester is also home to renowned colleges and universities, major healthcare and employment centers, cultural attractions, restaurants, entertainment venues, and an evolving downtown. Its central Massachusetts location also provides convenient regional access for travel throughout the Commonwealth. Worcester provides an appealing location for those looking to make central Massachusetts home.
JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY
- Program: CommonWealth Builder (CWB)
- Number of Income-Restricted Condominiums: 10 (Two 1-Bedroom Units & Eight 2-Bedroom Units)
- Condo Sizes: 1-Bedroom & 2-Bedroom
- Income-Restricted ADA Accessible Condos: 2 (Two 2-Bedroom Units built out for Households with Mobility Impairments)
- Maximum Income Limit: 80% AMI (Area Median Income) – Based on HUD Limits
- Asset Limit: $155,000
Asset Limit does not include retirement, but does include the assessed value of real estate owned by applicants.
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.
2026 HUD Income Limits
| Household Size | 60% AMI | 80% AMI |
|---|---|---|
| 1 | $55,320 | $73,750 |
| 2 | $63,240 | $84,300 |
| 3 | $71,160 | $94,850 |
| 4 | $78,240 | $105,350 |
| 5 | $85,380 | $113,800 |
| 6 | $91,680 | $122,250 |
Current Condo Listings
| # Beds ↑ | Price ↕ | AMI % ↕ | # Units ↕ | Accessible ↕ | Additional Details ↕ |
|---|---|---|---|---|---|
| 1-Bedroom | $190,000 | 80% | 2 | — | — |
| 2-Bedroom | $215,000 | 80% | 8 | 2 Mobility | — |
NEXT STEPS
APPLICATION DISTRIBUTION PERIOD:
August 27, 2026 – October 26, 2026
APPLICATION DEADLINE:
October 26, 2026
Join the Wednesday, September 30, 2026 12PM Info Session HERE
To download a PDF application to be mailed, faxed, or dropped off, please follow THIS LINK
Email: TheOverlookAtCoes@MaloneyProperties.com Phone: (617) 531-7123 Ext 760 | US Relay 711
LOTTERY PROCESS
Applications will be available during the distribution period stated above and may be obtained by email, mail, or independently online. Applicants who choose to submit a paper application rather than apply through our digital methods must mail the completed application to ACRES Consulting LLC. Mailed applications must be postmarked on or before the application deadline to be entered into the lottery drawing. Completed applications may also be submitted by email or through the online application form.
1. Applicants who submit a complete application by the deadline will be entered into the lottery drawing.
2. All applicants will receive an application number along with the lottery drawing date 1-2 weeks after the application deadline (Application numbers are used for the lottery drawing to keep the identities of applicants confidential).
3. ACRES will then conduct a lottery drawing, where each applicant will be assigned a randomized lottery number.
4. Following the lottery drawing, we will sort and rank the lottery lists, which factor in the preferences allotted to that lottery and then the randomized lottery number.
5. Once we finalize the sorting and ranking, we invite the top applicants forward and show the units. 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.
FAQ / FREQUENTLY ASKED QUESTIONS
Income Questions:
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 under 18 and other dependents in school full-time is not counted the same as other sources of income. Any such earnings above $480 in annual income would not be counted towards the income limit.
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.
Property Questions:
What are the condo fees? The condo fees are estimated to be $300/month. These are subject to final pricing and beneficial ownership.
What utilities/services are included in the condo fee? Payroll, administrative fees, repairs and maintenance of building and common areas, snow removal, common utilities. Owner is responsible for all utilities, including electricity (heating/cooling, hot water, cooking, & laundry), water/sewer, & cable/internet (optional). Gas is not a utility at this property.
Is the stove electric or gas? Electric.
Are the washer/dryer included? Yes, In-Unit (Electric).
Is parking available? One on-site, surface parking space is included in the purchase price. There is also on-street parking on the street(s) surrounding the property.
Is storage available? Additional on-site storage is neither included nor available for rent/purchase.
What is the pet policy? Pet policy is TBD. Service animals are permitted for no additional fees with proper documentation.
If you have additional questions about this property, please contact us using the form or contact information below.
Email: TheOverlookAtCoes@MaloneyProperties.com
