Suffolk Place

Lottery Complete | Homes Still Available

June 1st marked an exciting milestone as we conducted the public lottery for Suffolk Place! We are excited to begin working with the selected households as they move closer to purchase.
Remaining homes and future openings will be offered on a first-come, first-served basis in accordance with program requirements.

What is Suffolk Place?

Suffolk Place Residences is a new affordable homeownership development located at 408 Suffolk Street in Lowell, Massachusetts. The development is currently under construction and is expected to be completed in Summer 2026. It will include 33 condominium homes—30 one-bedroom units and 3 two-bedroom units—and is part of a larger mixed-use effort contributing to the continued revitalization of the Acre neighborhood.

This development is designed to create meaningful homeownership opportunities for income-eligible, first-time homebuyers earning at or below 100% of the Area Median Income (AMI). Through Suffolk Place, buyers have the opportunity to transition from renting to owning, build roots in the community, and create long-term stability.

Merrimack Valley Housing Partnership is serving as the lottery agent for the development and will also support applicants throughout the process—providing guidance, education, and resources to help first-time homebuyers successfully prepare for and sustain homeownership.

The Suffolk Place lottery has concluded, and applications are now being accepted on a first-come, first-served basis for remaining opportunities. Interested first-time homebuyers are encouraged to apply promptly. All homes remain subject to affordable housing restrictions, including resale limitations, to ensure long-term affordability.

Explore Suffolk Place
Learn more about Suffolk Place by browsing our property presentation, featuring renderings, floor plans, amenities, pricing, and community information. Whether you’re considering homeownership or simply interested in the development, this presentation provides an overview of what Suffolk Place has to offer.

Apply Today
To be considered, applicants must submit a complete application package, which includes:

• The Suffolk Place Application
• A mortgage pre-approval letter (pre-qualification letters are not accepted)
• A valid HUD-approved First-Time Homebuyer Certificate

Applications are being accepted on a first-come, first-served basis.

Don’t have a mortgage pre-approval or First-Time Homebuyer Certificate yet? We can help. Merrimack Valley Housing Partnership offers homebuyer education and counseling services to help you complete these requirements and prepare for homeownership.

Marketing Period
The marketing period for Suffolk Place began on March 23, 2026. This period ensures that all interested and eligible first-time homebuyers have adequate time to learn about the opportunity and apply before the lottery.

Income Limits

Pricing

Social Media Reel
We’ve released a first look at Suffolk Place. This video offers an inside look at a one-bedroom unit currently under construction, giving a preview of the layout, design, and progress being made on the development. It’s an exciting glimpse at what future residents can expect from this new space.

Floor Plans

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