16 Laurel
16 Laurel Street, Income Restricted Apartment Rentals, is a new residential development located in Everett, MA. The property is nestled directly near the Northern Strand Bike Trail and close proximate to the Gateway Shopping center, the Encore Casino Development and Wellington Station (Orange Line).
FEATURES
In Unit Laundry
Parking
Walkable distance to Wellington station
Convenient to bus lines
Joyful bike path to the Northern Strand Community Trail
NEIGHBORHOOD
The city of Everett was settled in 1630 as part of Charlestown. It became an independent city in 1892. Though much of Everett is comprised of charming residential living, West Everett encompasses the more engaging and entertaining part of town. Breweries, restaurants, and a diverse mix of rentals line the roads off Main Street. The area itself is extremely walkable, putting the whole of Downtown Everett just a few minutes’ walk in either direction.
If you choose to rent an apartment in Everett, you'll be about four miles from Revere Beach. You'll also be less than three miles from Downtown Boston, with the MBTA Orange Line available for car-free commuting.
FIRST COME, FIRST SERVED / PROCESS
Please note, this is not a lottery. Applications for 16 Laurel 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
16 Laurel 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
- Apartment Sizes: Studio, 1 bedroom, 2 bedroom
- ADA-Accessible Apartments: 3 – (2) 1- Bedrooms and (1) 2-bedroom
- Maximum Income limits: 80% AMI (Area Median Income) – based on HUD limits
- Asset limit: No asset limit for 40B
Current Rental Availability
| Property | # Beds | Rent | Minimum Income | Income Limit (AMI) | Units Available | Accessible Units |
|---|---|---|---|---|---|---|
| The Indie | Studio (Certified Artist) | $1,130 | $33,900 | 60% | 1 | 0 |
| The Artemis at Arlington Heights | 1-Bedroom | $2,250 | $67,500 | 80% | 3 | 0 |
| The Charley | Studio | $967 | $29,010 | 50% | 2 | 0 |
| The Charley | Studio | $1,383 | $41,490 | 70% | 4 | 1 Unit built out for Households with Mobility Impairments |
| The Charley | 1-Bedroom | $1,621 | $48,630 | 70% | 7 | 1 Unit built out for Households with Mobility Impairments |
| The Charley | 2-Bedroom | $1,837 | $55,110 | 70% | 2 | 1 Unit built out for Households with Mobility Impairments |
| The Charley | 1-Bedroom (ADA-M Unit) | $2,107 | $63,210 | 90% | 1 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
| The Charley | 3-Bedroom | $2,683 | $80,490 | 90% | 1 | 0 |
| The Basin | Studio | $2,051 | $54,147 | 80% | 1 | 0 |
| The Basin | 1-Bedroom | $2,301 | $60,747 | 80% | 7 | 0 |
| The Basin | 2-Bedroom | $2,541 | $67,083 | 80% | 3 | 1 Unit built out for Households with Mobility Impairments |
| The Basin | 3-Bedroom (ADA-M Unit) | $2,766 | $73,023 | 80% | 1 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
| 402-410 Washington Street | 1-Bedroom | $2,100 | $63,000 | 80% | 2 | 0 |
| Maxwell | 1-Bedroom | $2,150 | $64,500 | 80% | 1 | 1 Unit built out for Households with Mobility Impairments |
| The Tremont | 2-Bedroom | $2,746 | $82,380 | 80% | 1 | 0 |
| Cable Mills | 2-Bedroom Condo | $185,000 (Purchase Price) | - | 80% | 1 | 0 |
| The Cove | 2-Bedroom | $2,587 | $77,610 | 80% | 1 | 0 |
| The Cove | 1-Bedroom | $2,195 | $65,850 | 80% | 1 | 0 |
| Beacham Street Apartments | 1-Bedroom | $2,100 | $63,000 | 80% | 4 | 0 |
| Essex Landing | 1-Bedroom | $2,100 | $63,000 | 80% | 2 | 0 |
| Jefferson Station | 1-Bedroom | $2,324 | $69,720 | 80% | 1 | 0 |
| Jefferson Station | 2-Bedroom | $2,739 | $82,170 | 80% | 1 | 0 |
| 536 Broadway | 1-Bedroom | $2,100 | $63,000 | 80% | 1 | 0 |
| 536 Broadway | 2-Bedroom | $2,567 | $77,710 | 80% | 1 | 0 |
| Prynne Hills | 1-Bedroom | $2,227 | $66,810 | 80% | 1 | 0 |
| Prynne Hills | 2-Bedroom | $2,441 | $73,230 | 80% | 1 | 0 |
| The Overlook at St. Gabriel's | 2-Bedroom | $3,704 | $111,120 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | 1-Bedroom | $3,079 | $92,370 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | Studio | $2,833 | $84,990 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | Studio | $2,683 | $80,490 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | Micro Studio | $2,533 | $75,990 | 150% | 1 | 0 |
| Mason | 1-Bedroom | $2,288 | $68,640 | 80% | 2 | 1 |
| The Huntington | 2-Bedroom | $2,746 | $82,380 | 80% | 1 | 0 |
| Halstead Burlington | Studio | $2,050 | $55,350 | 80% | 1 | 0 |
| Halstead Burlington | 1 - Bedroom | $2,200 | $59,400 | 80% | 1 | 0 |
| Halstead Burlington | 2 - Bedroom | $2,550 | $68,850 | 80% | 1 | 0 |
| The Reserve at Burlington | Studio | $2,000 | $52,800 | 80% | 2 | 0 |
| The Reserve at Burlington | 1-Bedroom | $2,250 | $59,400 | 80% | 1 | 0 |
| Ellington Metro West | 1-Bedroom | $1,803 | $54,090 | 80% | 1 | 0 |
| Ellington Metro West | 2-Bedroom | $1,978 | $59,340 | 80% | 2 | 0 |
| 176-178 Washington | 1-Bedroom | $2,100 | $63,000 | 80% | 1 | 0 |
| Arlington 360 | 1-Bedroom | $2,265 | $67,950 | 80% | 1 | 0 |
| Gateway at Millis | 2-Bedroom | $2,472 | $74,160 | 80% | 1 | 0 |
| Essex Street Lofts | Studio | $1,492 | $44,760 | 80% | 3 | 0 |
| Essex Street Lofts | 1-Bedroom | $1,685 | $50,550 | 80% | 4 | 1 Unit built out for Households with Mobility Impairments |
| Essex Street Lofts | 2-Bedroom | $1,862 | $55,860 | 80% | 1 | 0 |
| Lux | 1-Bedroom | $1,981 | $59,430 | 80% | 1 | 0 |
| Lux | 2-Bedroom | $2,361 | $70,830 | 80% | 2 | 0 |
| The Nines | Studio | $2,172 | $65,160 | 80 | 1 | 0 |
| The Nines | 1-Bedroom | $2,465 | $73,950 | 80% | 1 | 0 |
| Arris | 2-Bedroom | $2,646 (Minimum Income $91,201) | $91,201 | 110% | 1 | 0 |
| Prospect Union Square | Studio | $2,211 (Minimum Income $91,201) | $91,201 | 110% | 2 | 1 Unit built out for Households with Mobility Impairments |
| 7Ink | Single Room Occupancy (SRO) | $1,214 | $36,420 | 70% | 1 | 0 |
| 525 Linc | Single Room Occupancy (SRO) | $1,138 | $34,140 | 70% | 3 | 0 |
| Oxbow Wayland | 1-Bedroom (Age-Restricted 55+) | $2,150 | $64,500 | 80% | 1 (Age-Restricted 55+) | 0 |
| South Standard | Studio | $2,350 | $56,400 | 150% | 1 | 0 |
| Anthem Everett | 1-Bedroom (ADA-M Unit) | $2,140 | $64,200 | 80% | 1 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
| The Aven at Newton Highlands | 2-Bedroom | $2,626 | $78,780 | 80% | 3 | 0 |
| Helix | Studio | $2,178 | $57,499 | 80% | 1 | 0 |
| Essex Landing | 1 - Bedroom | $2,100 | $63,000 | 80% | 2 | 0 |
| Hamilton Green | 2 - Bedroom | $2,044 | $61,320 | 80% | 1 | 0 |
2024 HUD Income Limits
| Household Size | 50% | 80% | 120% |
|---|---|---|---|
| 1 Person | $57,100 | $91,200 | $125,076 |
| 2 Person | $65,300 | $104,200 | $142,944 |
| 3 Person | $73,450 | $117,250 | $160,812 |
| 4 Person | $81,600 | $130,250 | $178,680 |
| 5 Person | $88,150 | $140,700 | $192,974 |
| 6 Person | $94,700 | $151,100 | $207,269 |
NEXT STEPS
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
What utilities are included in the rent? Water
Is the stove electric or gas? Gas
Is the washer/dryer included? Yes In Unit
Is parking available? Yes, each apartment comes with 1 parking space
Is storage available? Yes, $30/month
Is there a monthly pet fee? Pets allowed, breed restrictions may apply
What is due at signing? 1st month’s rent plus $500 security deposit
If you have questions about this property, please contact us.
Email: 16Laurel@maloneyproperties.com