366 Broadway
366 Broadway is located off of Route 99 16 in Everett and consists of 24 units. 4 units are designated as income-restricted and will be rented to households earning at or below 80% AMI (Area Median Income).
The Link to the Lottery Results is HERE
FEATURES
Elevator
On-Site Surface Parking (additional fees apply)
Bike Storage
Fitness Center
Business Center
Theatre Room
Common Recreation Room
Pet Spa
NEIGHBORHOOD
366 Broadway is located near the following amenities: 1.3 miles from Revere Beach, 1.6 miles from the many shopping/dining options at The Gateway Center, 1.4 miles from Encore Boston Harbor, adjacent to multiple Bus Lines included Buses #97, 104, 109, 1.6 miles from the MBTA Blue Line station at Wonderland, & 1.4 miles from the MBTA Chelsea Commuter Station
FIRST COME, FIRST SERVED / PROCESS
Please note, this is not a lottery. Applications for 366 Broadway 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
366 Broadway 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: 4 (Two Studio Units, One, 1-Bedroom Unit, & One, 2-Bedroom Unit)
- Apartment Sizes: Studio, 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. 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: 366Broadway@MaloneyProperties.com Phone: (617) 531-7123 Ext 779 | 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) & last month’s rent.
What utilities are included in the rent? Water/Sewer. Tenants are responsible for all other utilities, including electricity (heating/cooling, hot water, laundry & cooking) and cable/internet (optional). Gas is not a utility at this property.
Is the stove electric or gas? Electric.
Is the washer/dryer included? Yes, In-Unit. (Electric).
Is parking available? Surface parking spaces are available to rent on a first-come, first-served basis for an additional $150/month.
Is storage available? Additional storage is not included nor available to rent/purchase.
What is the pet policy? Pets are allowed. Residents will be required to have pet insurance.
If you have additional questions about this property, please contact us using the form or contact information below.
Email: 366Broadway@MaloneyProperties.com
