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
319 & Park3$1,789$53,67070%10
319 & Park2$1,597$47,91070%20
319 & Park1$1,410$42,30070%31 unit built out for HH with mobility impairments
Prynne Hills 1$1,844$44,25680% 32 units built out for HH with mobility impairments
Wakefield Vista2$2,111$63,33080%21 unit built out for HH with mobility impairments
The Orchards2$1,992$47,80880%10
Halstead Burlington Studio$1,707$46,08980%10
Arthaus - Certified Artist Restricted1$1,410$39,54070%70
Arthaus - Certified Artist RestrictedStudio$1,203$33,75070%10
Arthaus - Certified Artist Restricted2$1,597$44,76070%10
Portside2$2,322$69,660100%10
Alta Oxbow1$1,693$50,79080%190
Alta Oxbow1 - Age Restricted - 55+$1,693$50,79080%81 unit built out for HH with hearing impairments
Alta Oxbow2$1,858$55,74080%192 units built out for HH with mobility impairments
Alta Oxbow2 - Age Restricted - 55+$1,858$55,74080%91 unit built out for HH with mobility impairments

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 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.

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, $100/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: info@maloneyrealestate.com