815 East Fifth Street/816 East Sixth Street Condominium

815 East Fifth Street, Boston, MA, USA

815 E 5th and 812 E 6th are two of South Boston's newest ultra luxury new developments located in desirable City Point. The two buildings combine to create 19 luxurious homes. Units have open concept floor plans and boast chef's kitchens with European-style custom cabinetry, Bosch Appliances, Calacatta Gold Quartz countertops, gas range tops, double ovens and oversized islands. Master bedrooms have en suite marble baths, double vanities and radiant heated floors. Units have walnut engineered hardwood throughout. Both buildings will share a beautiful common courtyard and have elevators, bike storage and storage units. Many units also have private outdoor space.

FEATURES

Common Green Area

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NEIGHBORHOOD

Located a short distance to the many shopping and restaurant options in South Boston. 0.4 miles from M Street Beach.

JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY

 

  • Program: Boston and Planning Development Agency (BPDA)
  • Number of income-restricted condos: 2
  • Condo sizes:  2 bedroom
  • Income restricted ADA accessible apartments: None
  • Maximum Income limits: 80% – 100% (Area Median Income)
  • Asset limit: $75,000 and $100,000
    Asset Limits do not include retirement but does include the assessed value of real estate owned by applicants.

ninja_tables id="3596" filter='815 East Fifth Street/816 East Sixth Street Condominium' columns="property,bedrooms,price,income_limit,minimum_income,units_available"

BPDA Income Limits for 2021

Household Size70% AMI80% AMI90% AMI100% AMI110% AMI120% AMI150% AMI
1 Person$59,200$67,700$76,100$84,600$93,050$101,500$126,850
2 Person $67,650$77,350$87,000$96,650$106,350$116,000$145,000
3 Person$76,100$87,000$97,850$108,750$119,650$130,500$163,100
4 Person$84,550$96,650$108,700$120,800$132,900$144,950$181,200
5 Person$91,350$104,400$117,400$130,500$143,550$156,550$195,700
6 Person$98,100$112,150$126,100$140,150$154,200$168,150$210,200

NEXT STEPS

The next step is to request an application.

APPLICATION DISTRIBUTION PERIOD:
February 22, 2022 – March 9, 2022

APPLICATION DEADLINE:
March 9, 2022 

 

Applications will be distributed between the dates stated above.  Applications will be made available online, by mail, and in-person during the scheduled distribution times. Applicants that prefer to submit a hard copy of the application (versus the online application) are required to mail the completed application back to Maloney Properties, Inc. The application must be postmarked on or before the application deadline date. Applications will not be accepted by email.

1. Applicants who submit a complete application by the deadline will then be entered into the lottery.

2. All applicants will receive an application number.

3. The application number is used for the lottery to keep the identity of applicants confidential.

4. The Boston Fair Housing Commission will then conduct a lottery and each applicant will then be assigned a lottery number (lottery #1 being first).

5. Following the lottery, we will then show the units to the top applicants based on the lottery number and preferences. 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.

Free language assistance is available for those whose primary language is not English or have limited English proficiency. For more information or reasonable accommodations for persons with disabilities, please contact us.

LOTTERY PROCESS

When is the lottery?
The lottery date will not be scheduled until after the application deadline. The lottery is scheduled and the lottery date is typically held 4-5 weeks after the application deadline. All applicants will receive notification of the date, time, and location of the lottery, as well as their application number. The lottery will be open to the public.

Do I have to attend the lottery?
No. All applicants will be notified of their lottery number after the lottery.

When will I be contacted?
We will begin contacting only the top applicants following the lottery drawing.

What is my Application Number and Lottery Number?
We will mail a letter to all Applicants entered in the Lottery Drawing providing their unique application Number. We will mail out a second notification letter after the lottery has taken place. The lottery number is assigned by the person who conducts the Lottery Drawing. Per the Fair Housing Commission guidelines, applications will be sorted by bedroom size and income level, then for preferences, followed by the lottery number. An Applicant’s “rank position” is determined by a combination of all the sorting factor

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 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.

What utilities are included in the condo fee? Water/Sewer

Is the stove electric or gas? Gas

Is the washer/dryer included? Yes

Is parking available? Parking not included, available for purchase.

Is storage available? No

What is the pet policy? Pet Policy: 2 pets allowed, any pet over 40 pounds need written consent of the Trustees.

 

Tel: (617) 531-7123 Ext 779 – US Relay 711
Email: 815East5th@maloneyproperties.com