Housing Information

          

The Town of Lexington strives to promote and maintain the socioeconomic diversity of Lexington by managing and implementing the Town’s efforts to meet the housing needs of low- and moderate-income residents, and develops initiatives to preserve and expand the Town's stock of affordable housing.  Our primary task in this arena is monitoring the more than 1,300 affordable units.  

Lexington is a member of the Regional Housing Services Office, which provides affordable housing support and information to member communities. If you are looking to learn more about affordable housing in Town, or if there are any opportunities in Lexington please head to the RHSO's webpage!

We work with:

We also work with private developers and owners to offer access to affordable units created through local permitting processes.

Please explore this page to learn more about how the Planning Department works to keep Lexington a vibrant place to live.


Housing Production Plan

We are pleased to publish the final draft of the Housing Production Plan. This effort was facilitated by the Metro West Collaborative Developers with the Metropolitan Area Planning Council responsible for the bulk of the drafting.


Determining Eligibility for Affordable Housing in Lexington

Listed below are the current maximum annual household incomes, adjusted by size, in order to be eligible to rent or purchase a restricted unit Lexington.  These figures are published by the U.S Department of Housing and Urban Development (HUD) and change every year as the change in the median income for the Boston area is reported.  Please note that due the particulars of federal law and HUD regulations, the figures reported below do not necessarily reflect straight percentage calculations, despite the use of percentages!

Affordable unit applicants must also meet any program-specific income and asset limits that may be applicable.  Most programs target households earning less than 80% of the Area Median Income, or AMI, while assets are typically capped at $75,000 (including bank accounts, stocks and bonds, retirement accounts, etc).  Generally to be considered affordable, the total housing costs for these units must not exceed 30% of the gross annual income of the owner or renter.

2016 Income Limits - Boston Cambridge-Quincy MSA
 Household Size
 123456

Very Low Income (50% AMI)

$34,340$39,250$44,150$49,050$53,000$56,900

Low Income (80% AMI)

$51,150$58,450$65,750$73,050$78,900$84,750

Area Median Income (100% AMI)

$68,680$78,500$88,300$98,100$106,000$113,800