40 Malvern Street

exterior building at 40 Malvern Street
  • exterior building at 40 Malvern Street
  • updated bathroom at 40 Malvern Street
  • spacious closets at 40 Malvern Street
  • elegant kitchen at 40 Malvern Street
  • spacious, open concept living room at 40 Malvern Street
BPDA APARTMENT RENTALS

40 Malvern Street

40 Malvern Street, Boston, MA, USA

40 Malvern Street, BPDA Income Restricted Apartments, located in the heart of Allston and convenient to countless restaurants, shops, nightlife, and Green T line access to anywhere in the city This apartment complex is just steps away from Packard's Corner, which features a new, modern building and offers amazing amenities and access to everything the city has to offer. Many of our spacious units offer skyline views, as well as stainless steel appliances, hardwood floors, and floor to ceiling windows, offering plenty of natural light.

FEATURES

Laundry Facilities
Controlled Access
Trash Pickup - Curbside
Recycling
Health Club Discount
Pet Play Area
Elevator
Lounge
Storage Space
Bike Storage
Spacious Closets

spacious closets at 40 Malvern Street

NEIGHBORHOOD

Best known for its rising student population due to its proximity to Harvard Business School, Allston’s diverse city and focus on academics make it a great town to live in. The city includes a ton of trendy bars, multicultural restaurants, and cool music venues. On Brighton Avenue, you’ll discover Brighton Music Hall which is down the road from the Paradise Rock Club.

When you rent an apartment here, you’ll have access to many MBTA rail stations to get you from point A to point B. Students enjoy a bike ride after class at Christian Herter Park, which has breathtaking views of the Charles River. Before class or work, grab a bite to eat at the Breakfast Club in an old-fashioned diner setting.

FIRST COME, FIRST SERVED / PROCESS

Please note, this is not a lottery. Applications for 40 Malvern Street 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 initially 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

40 Malvern Street is a mixed-income community offering BPDA 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: Boston and Planning Development Agency (BPDA)
  • Number of income-restricted apartments: 5
  • Apartment sizes:  1 bedroom, 2 bedroom
  • ADA accessible apartments: One- 1 bedroom
  • Maximum Income limits: 70% AMI (Area Median Income)
  • Asset limit: 70% AMI: $75,000 Asset Limits do not include retirement but do include the assessed value of real estate owned by applicants. For households in which all members are over 65, the asset limit is $250,000 (including retirement).

Current Rental Availability

Property# BedsRentMinimum IncomeIncome Limit (AMI)Units AvailableAccessible Units
Beacham Street Apartments1-Bedroom$2,257$67,71080%51 Unit built out for Households with Mobility Impairments
536 BroadwayStudio$2,056$61,68080%10
536 Broadway1-Bedroom$2,324$69,72080%10
536 Broadway2-Bedroom$2,567$77,01080%10
404 Lowell Street2-Bedroom$2,689$80,67080%10
The Signal BuildingStudio$1,531$45,93080%31 Unit built out for Households with Mobility Impairments
The Signal Building1-Bedroom (Certified-Artists Only Units)$1,793$53,79080%4 (Certified-Artists Only Units)0
The Signal Building1-Bedroom (ADA-H Unit)$1,793$53,79080%1 (ADA-H Unit)1 Unit built out for Households that are Deaf/Hard of Hearing
The Signal Building2-Bedroom$2,033$60,99080%10
HEW At 1515Studio (Certified-Artist Only Units)$930$27,90050%5 (Certified-Artists Only Units)0
HEW At 15151-Bedroom (Certified-Artists Only Units)$1,091$32,73050%2 (Certified-Artists Only Units)0
HEW At 15152-Bedroom (ADA-M Certified-Artists Only Unit)$1,232$36,96050%1 (ADA-M Certified-Artists Only Unit)1 Unit built out for Households with Mobility Impairments
HEW At 1515Studio$1,330$39,90070%20
HEW At 15151-Bedroom$1,559$46,77070%71 Unit built out for Households with Mobility Impairments
HEW At 15152-Bedroom$1,766$52,98070%20
HEW At 1515Studio (ADA-M & ADA-MH Units)$1,531$45,93080%2 (ADA-M & ADA-MH Units)1 Unit built out for Households with Mobility Impairments; 1 Unit built out for Households with Mobility Impairments and/or that are Deaf/Hard of Hearing
HEW At 15151-Bedroom$2,261$67,83080% (Minimum) - 100% (Maximum)10
HEW At 15152-Bedroom$2,567$77,01080% (Minimum) - 100% (Maximum)20
HEW At 1515Studio$2,333$69,990100% (Minimum) - 120% (Maximum)10
HEW At 15151-Bedroom$2,728$81,840100% (Minimum) - 120% (Maximum)10
MaxwellStudio$2,064$61,92080%70
Maxwell1-Bedroom$2,346$70,41080%80
Maxwell2-Bedroom$2,597$87,93080%70
MaxwellStudio (ADA-M Unit)$2,064$61,92080%1 (ADA Unit)1 Unit built out for Households with Mobility Impairments
Maxwell1-Bedroom (ADA-M Units)$2,327$69,81080%4 (ADA-M Units)4 Units built out for Households with Mobility Impairments
Maxwell2-Bedroom (ADA-M Units)$2,571$77,13080%2 (ADA-M Units)2 Units built out for Households with Mobility Impairments
7Ink 4-Bedroom Co-Living Unit$1,174$35,22070%4 (SRO Units)0
The GuildStudio$748$21,44250%31 Unit built out for Households that are Deaf/Hard of Hearing
The Guild3-Bedroom (ADA-M Unit)$874$32,16350%1 (ADA-M Unit)1 Unit built out for Households with Mobility Impairments
The GuildStudio$1,418$57,10151% (Minimum) - 80% (Maximum)30
The GuildStudio$2,088$91,20181% (Minimum) - 110% (Maximum)10
The Guild3-Bedroom$2,884$117,25181% (Minimum) - 110% (Maximum)10
Reserve at Burlington 1-Bedroom (ADA-M Unit)$2,467$65,12980%1 (ADA-M Unit)1 Unit built out for Households with Mobility Impairments
302 Broadway 1-Bedroom$2,346$70,38080% 10
IdylStudio (ADA-M Units)$1,330$39,90070%1 (ADA-M Units)1 Unit built out for Households with Mobility Impairments
Idyl1 Bedroom (ADA-M Units)$1,559$46,77070%11 Unit built out for Households with Mobility Impairments
Cedar Place1-Bedroom$2,058$61,74080%10
The Nines2-Bedroom$2,721$81,63080%20
The Nines1-Bedroom$2,465$73,95080%20
The NinesStudio$2,172$65,16080%10
Orchards2-Bedroom $2,154$51,69680%41 Unit built out for Households with Mobility Impairments
Emery Flats Studio (ADA-M Unit)$2,131$63,93080%1 (ADA-M Unit)1 Unit built out for Households with Mobility Impairments
Bremen 282Studio (Certified-Artists Only Units)$1,130$33,90060%4 (Certified-Artists Only Units)0
Prynne Hills1-Bedroom $1,899$56,97080%30
Prynne Hills2-Bedroom $2,199$65,97080%41 Unit built out for Households with Mobility Impairments
Essex Landing 1-Bedroom $2,257$67,71080%41 Unit Build out for Households with Mobility Impairments
Cable Mills 2-Bedroom Condo$185,000 (Purchase Price)-80%10
Village Green1-Bedroom$2,050$61,50080%20
Residences at 581 Salem Street 1-Bedroom$1,905$57,15080%10
Tremont 1-Bedroom $2,467$84,66780%10
Tremont 2-Bedroom $2,746$94,24380%10
The BonMicro Studio$2,100$63,000120%10
27 Water St. 2-Bedroom$2,541$76,23080%10

BPDA Income Limits for 2024

Household Size70% AMI80% AMI90% AMI100% AMI110% AMI120% AMI150% AMI
1 Person$80,010$91,440$102,870$114,300$125,730$137,160$171,450
2 Person $91,420$104,480$117,540$130,600$143,600$156,720$195,900
3 Person$102,830$117,520$132,210$146,900$161,590$168,940$220,350
4 Person$114,240$130,560$146,880$163,200$179,520$187,680$244,800
5 Person$123,410$141,040$158,670$176,300$193,930$202,750$264,450
6 Person$132,580$151,520$170,460$189,400$208,340$217,810$284,100

NEXT STEPS

The next step is to request a rental application, and then complete and submit your application. Applications will be processed on a first-come, first-served basis. If there is no current vacancy, you’ll be added to our waitlist in the order received.

Request Application

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.

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?

Is the stove electric or gas?

Is the washer/dryer included?

Is parking available? Yes,  market rate fee /month

Is storage available?

What is the pet policy?  Cats and dogs allowed

Is there a monthly pet fee? Yes, $75/month

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

Tel: 617-531-7123 Ext. 738 – US Relay 711
Email: