Grove Street Landing
Grove Street Landing, consisting of 124 residential units across 3 buildings, is a vibrant, brand-new community designed for modern living. Immerse yourself in a neighborhood where innovation meets comfort, and every corner is crafted with your needs in mind. 12 of the units are designated as income-restricted, and rented to households earing at or below 80% AMI (Area Media Income).
This property is broken up into three (3) lottery phases. Phase 1 has 4 units available. Breakdown is in the 'Eligibility' Section below!
The Link to the Phase 1 Lottery Results is HERE
FEATURES
Elevator
On-Site Parking (additional fees apply)
On-Site Storage (additional fees apply)
EV Chargers (for every parking spot)
Package Room
Fitness Center
Co-Working Stations
Community Room (with lounge seating, kitchen, fireplace, & TV)
Common Rooftop Terrace (with grilling stations, lounge seating, gas fireplace, & TV)
Dog Park
NEIGHBORHOOD
Salem, Massachusetts is not just a historic gem; it’s a culinary paradise waiting for you to explore! With more than 50 fantastic restaurants, you’ll find a flavor for every palate and occasion. Whether you’re craving fresh seafood, delectable Italian dishes, innovative vegan options, or cozy cafes with homemade pastries, Salem has it all. There is nearby public transit 0.5 miles away (Bus Stop for Bus #450 and #456) and the MBTA commuter rail is 0.9 miles away.
FIRST COME, FIRST SERVED / PROCESS
Please note, this is not a lottery. Applications for Grove Street Landing are processed on a first come, first served basis, as apartments become available.
If there is no current availability, applications are added to the waiting list and are reviewed upon receipt to ensure completion and proper documentation only. Applications will then be reviewed for eligibility when they are reached on the waiting list.
Applicants will be emailed upon receipt of their application and upon each application review. Please check your email regularly.
JOIN OUR COMMUNITY / AVAILABILITY & ELIGIBILITY
Grove Street Landing is a mixed-income community offering affordable apartment rentals. Eligibility and income restrictions apply. Find current availability and income limits in the table below.
Minimum income limits apply unless the household receives mobile housing assistance (including, but not limited to: VASH, Section 8 and MRVP).
- Program: 40B
- Number of Income-Restricted Apartments: 12 (Six, 1-Bedroom Units, & Six, 2-Bedroom Units). Phase 1 has 4 units (Two, 1-Bedroom Units & Two, 2-Bedroom Units)
- Apartment Sizes: 1-Bedroom & 2-Bedroom
- Income-Restricted, ADA-Accessible Apartments: 1 (One, 1-Bedroom Unit built out for Households with Mobility Impairments)
- Maximum Income Limit: 80% AMI (Area Median Income) — Based on HUD Limits
- Asset Limit: No Asset Limit for 40B
Income and rent limits are determined by HUD on an annual basis, typically changes are made in Spring. To find out more about the current year’s limits, please visit this link.
Current Rental Availability
2025 HUD Income Limits
| Household Size | 50% | 60% | 80% | 120% |
|---|---|---|---|---|
| 1 Person | $57,900 | $69,480 | $92,650 | $135,156 |
| 2 Person | $66,200 | $79,440 | $105,850 | $154,464 |
| 3 Person | $74,450 | $89,340 | $119,100 | $173,772 |
| 4 Person | $82,700 | $99,240 | $132,300 | $193,080 |
| 5 Person | $89,350 | $107,220 | $142,900 | $208,526 |
| 6 Person | $95,950 | $115,140 | $153,500 | $223,973 |
NEXT STEPS
Email: GroveStreetLanding@MaloneyProperties.com Phone: (617) 531-7123 Ext 705 | US Relay 711
INCOME & ELIGIBILITY QUESTIONS / FAQ
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.
PROPERTY & COMMUNITY QUESTIONS / FAQ
Property Questions:
What are the move-in fees? First month’s rent (prorated), a security deposit equal to one month’s rent, & a $250 lock and key fee.
What utilities are included in the rent? None. Tenants are responsible for all utilities, including gas (heating/cooling, hot water, laundry, & cooking), electricity (general), water/sewer, & cable/internet (optional).
Is the stove electric or gas? Gas.
Is the washer/dryer included? Yes. In-Unit (Gas).
Is parking available? On-site parking is available to rent on a first-come, first-served basis. Garage parking is an additional $75/month, and surface parking is an additional $35/month. Pricing is subject to change.
Is storage available? Additional, on-site storage is available to rent on a first-come, first-served basis. The fee is TBD.
What is the pet policy? Pets are allowed with a max of 2 pets per apartment for an additional $50/month per pet. The fee is subject to change. 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: GroveStreetLanding@MaloneyProperties.com
