The project is located at 176-178 Washington Avenue in Chelsea. The building is a 3-story residential building containing 24 apartments. 4 units are allocated as income-restricted at the 80% AMI limit.
While it may be the smallest city in Massachusetts, Chelsea is one of its most populated. This busy city is three miles northeast of Boston, wrapped by the Mystic River. This historic city was first settled in 1624, and much of its history is still evident in its Victorian architecture and narrow streets. Chelsea is filled with charm and personality, from its corner markets and tree-lined streets to its blend of historic brick buildings and sleek, modern complexes. The property is located near Route 1 and Route 16, is within a half mile of the Chelsea MBTA Commuter Rail stop.
JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY
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: 1-Bedroom, 2-Bedroom
- Income-Restricted ADA-Accessible Apartments: 0
- Maximum Income Limit: 80% AMI (Area Median Income)
- Asset Limit: $75,000
Asset Limit does not include retirement but does include the assessed value of real estate owned by applicants.
Current Rental Availability
|Property||# Beds||Rent||Minimum Income||Income Limit (AMI)||Units Available||Accessible Units|
|660 Washington St.||Studio||$2,204||$98,150-$126,200.||120%||1||0|
|660 Washington St.||1-Bedroom||$2,136||$78,550-$100,950||100%||1||0|
|Lux at Stoughton||1-Bedroom||$1,975||$59,250||80%||1||0|
|The Overlook at St. Gabriel’s||2-Bedroom||$2,931||$87,930||150%||2||0|
|The Overlook at St. Gabriel’s||Studio||$2,204||$66,120||150%||1||0|
|55 West 5th||2-Bedroom||$2,426||$72,780||100%||2||0|
|Viridian||2-Bedroom||$2,426||$78,500 to $112,150||100%||1||0|
|Viridian||1-Bedroom||$2,136||$78,550 to $112,250||100%||1||0|
|Fenway Triangle||2-Bedroom||$2,931||$98,150 - $140,200||120%||1||0|
|Waterstone at Lexington||1- Independent Living||$2,983.33||$59,666.60||80%||12||0|
|Waterstone at Lexington||2- Independent Living||$3,356.66||$67,133.20||80%||6||2 units for households with mobility impairments|
|Waterstone at Lexington||1- Assisted Living||$3,915 1 Person HH, $4,475 2 Person HH||1 HH $58,725 | 2 HH $67,125||80%||3||0|
|7Ink||Single Room Occupancy (shared 2-4 bedroom apartments)||$1,078||$32,340||70%||31||4 - Built out for hearing impaired|
|Woburn Heights||2-Bedroom||$2,374||$75,510||80%||10||1 unit built out for households with Mobility Impairments|
|Alta Oxbow||2B + Den||$2,287||$68,010||80%||1|
|176-178 Washington Ave||1-Bedroom||$2,004||$60,120||80%||2||0|
|176-178 Washington Ave||2-Bedroom||$2,269||$68,070||80%||2||0|
|Terra On Lenox||Studio||$1,257||$37,710||70%||1||1 Unit built out for households with both Mobility and Hearing Impairments|
|Terra On Lenox||1-Bedroom||$1,473||$44,190||70%||1||0|
|Terra On Lenox||2-Bedroom||$1,417||$42,510||60%||1||1 Unit built out for households with Mobility Impairments|
|Terra On Lenox||3-Bedroom||$1,586||$47,580||60%||1||0|
2022 HUD Income Limits
APPLICATION DISTRIBUTION PERIOD: November 7, 2022 – January 6, 2023
APPLICATION DEADLINE: January 6, 2023
Email: 176Washington@MaloneyProperties.com Phone: (617) 639-3064 Ext. 747
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 also 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. Maloney Properties 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.
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.
LOTTERY QUESTIONS / FAQ
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.
Can I rent out my unit?You must agree to live in this property as your principal place of residence. In no event are you allowed to rent the property.
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 factors – not just the Lottery Number.
PROPERTY & COMMUNITY QUESTIONS / FAQ
What utilities are included in the rent? Trash removal. Tenants are responsible for all other utilities including cable/internet.
Is the stove electric or gas? Gas.
Is the washer/dryer included? In unit. Electric.
Is parking available? One garage parking spot is included with the rent. Additional garage parking spaces available for a rate estimated to be at $150/month.
Is storage available? There is no additional storage on-site.
What is the pet policy? One cat is allowed at no additional cost. Dogs less than 25 lbs. are permitted for an additional fee of $50/month.
If you have additional questions about this property, please contact us.