The Residences at 566 Columbus

566 Columbus Avenue South End, MA 02118

Introducing The Residences At 566, a collection of 66 new construction homes offering the finest finishes and design features, representing the height of turn-key sophistication that embraces active living and health. The Residences at 566 prioritize a contemporary desire for active living, health, and technology and will enjoy a state-of-the-art fitness center, highlighted by an outdoor gym area and rooftop yoga deck. Revel in skyline views from the rooftop lounge featuring a sun deck, outdoor kitchen, dining areas, and gas fireplace. Additional amenities include a concierge with package receiving and grocery storage, pet spa, herb garden, bike storage, touchless elevators, oxidation air filtration systems, and separate HVAC units. 11 units are allocated as income-restricted.

**Applicants must be BPDA-Certified Artists or be in the process of receiving certification in order to apply.**

FEATURES

Elevator
Additional Storage
Bike Storage
Concierge (with package receiving & grocery storage)
Fitness Center (with outdoor gym area & rooftop yoga deck)
Rooftop Lounge (featuring sun deck, outdoor kitchen and dining areas, & gas fireplace)
Community Room
Pet Spa
Herb Garden

https://www.maloneyaffordable.com/wp-content/uploads/2022/10/566-Columbus-Rooftop-Deck.png

NEIGHBORHOOD

The Residences at 566 are conveniently located near the many dining and shopping destinations in the South End and only 0.2 miles from the MBTA Train at Massachusetts Ave Orange Line Station and 0.3 miles from the MBTA Train at Symphony Orange Line Station.

JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY

  • Program: Boston and Planning Development Agency (BPDA)
  • Artist Restriction: All condominiums are restricted to applicants who are Certified Artists through the City of Boston. To learn more about obtaining the certification, please click here.
  • Number of Income-Restricted Condos: 11
  • Condo Sizes: 1-Bedroom, 2-Bedroom
  • Income-Restricted, ADA-Accessible Condos: 0
  • Maximum Income Limits: 80%, 80%-100% AMI (Area Median Income)
  • Asset Limit: $100,000 Asset Limit does not include retirement but does include the assessed value of real estate owned by applicants.

 

**Applicants must be BPDA-Certified Artists or be in the process of receiving certification in order to apply.**

CLICK HERE TO LEARN ON MORE BECOMING A CERTIFIED ARTIST

 

 

Current Condo Listings

Property# BedsPriceIncome Limit (AMI)Units AvailableAccessible Units
Cable Mills1-Bedroom$155,00080%10
Cable Mills2-Bedroom$185,00080%10
The Post1-Bedroom + Study$192,43880%10
The Post2-Bedroom$214,89480%10
The Post2-Bedroom$312,831Minimum 80% - Maximum 110%10
566 Columbus Ave1-Bedroom$213,70080%30
566 Columbus Ave2-Bedroom$252,00080%30
566 Columbus Ave2-Bedroom$326,000Minimum 80% - Maximum 100%50

BPDA Income Limits for 2022

Household Size70% AMI80% AMI90% AMI100% AMI110% AMI120% AMI150% AMI
1 Person$68,750$78,550$88,350$98,150$107,950$117,800 $147,250
2 Person $78,550$89,750$101,000$112,200 $123,400$134,600$168,250
3 Person$88,350$100,950$113,600$126,200$138,800 $151,450$189,300
4 Person$98,150$112,150$126,200$140,200$154,200$168,250$210,300
5 Person$106,050$121,150$136,300$151,450$166,550$181,750$227,150
6 Person$113,900$130,100$146,400$162,650$178,900$195,200$243,950

NEXT STEPS

The next step is to request an application.

APPLICATION DISTRIBUTION PERIOD:
January 13, 2023 – January 30, 2023

APPLICATION DEADLINE:
January 30, 2023 

 

Zoom Informational Session:

Thursday, January 19th, 2023 @ 7pm

https://maloneyproperties.zoom.us/j/82597670699?pwd=dDVWTWFBdWFpNWdUM1RKTHpvaWV2dz09

Meeting ID: 825 9767 0699

Passcode: 291040

One Tap Mobile
+13052241968,,82597670699#,,,,*291040# US
+13092053325,,82597670699#,,,,*291040# US

 

Email: 566Columbus@MaloneyProperties.com   Phone: (617) 639-3064 Ext. 746

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.

 

Property Questions:

What utilities are included in the condo fee? Water/Sewer. Owners are responsible for all other utilities including cable/internet.

Is the stove electric or gas? Electric.

Is the washer/dryer included? Yes. In-unit.

Is parking available? Parking is not included or available for purchase.

Is storage available? Bike storage is available for free.

What is the pet policy? 1 pet per unit with breed and weight restrictions. 

If you have additional questions about this property, please contact us.

Tel: (617) 639-3064 Ext. 746 – US Relay 711
Email: 566Columbus@MaloneyProperties.com