436 Washington Street

436 Washington Street Westwood, MA 02090

436 Washington Street is a residential development located in Westwood, MA consisting of 5 rental units. All 5 units are designated as income-restricted and will be rented to households earning at or below 80% AMI (Area Median Income).

FEATURES

Bike Storage
Parking Included
Common Greenspace

https://www.maloneyaffordable.com/wp-content/uploads/2024/07/436-Washington-Town-Sign.png

NEIGHBORHOOD

Westwood is a small knit community located 12 miles southwest of Boston. It is situated at the junction of Route 95/128 and 93 and provides an excellent location for its residents with easy access to Boston, but with all the elements of a beautiful suburban community. Westwood also has two commuter rail lines and full MBTA bus service on Routes 1 and 1A (Washington Street). Westwood also encourages and maintains many recreational areas and facilities, including numerous conservation areas, playgrounds, ball fields and an indoor pool facility. It has two libraries, a senior center, Youth & Family Services, and numerous community-sponsored events for its residents.

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: 5 (Five, 1-Bedroom Units)
  • Apartment Sizes: 1-Bedroom
  • Income-Restricted, ADA-Accessible Apartments: 0
  • Maximum Income Limit: 80% AMI (Area Median Income) — Based on HUD Limits
  • Asset Limit: No asset limit for 40B

Income and rent limits are determined by HUD on an annual basis. To find out more about the current year’s limits, please visit this link.

 

Current Rental Availability

Property# BedsRentMinimum IncomeIncome Limit (AMI)Units AvailableAccessible Units
The Tremont2 Bedroom$2,746$94,242.7280% 10
The Nines1 Bedroom $2,465$73,95080% 10
The GuildStudio$2,088$91,20181% (Minimum) - 110% (Maximum)10
Maxwell1 Bedroom (ADA-M Unit)$2,327$69,81080%1 (ADA-M Unit)1 Unit built out for Households with Mobility Impairments
Presidential PointStudio$1,765$52,95080%10
Presidential Point1 Bedroom$1,875$56,25080%62 Units built out for Households with Mobility Impairments
Presidential Point2 Bedroom$2,232$66,96080%30
436 Washington Street1 Bedroom$1,900$57,00080%50
402-410 Washington Street1 Bedroom$2,485$74,55080%20
402-410 Washington Street2 Bedroom$2,772$83,16080%10
West Of Center Apartments1 Bedroom$1,648$56,502 (Rent cannot exceed 35% of income)80%30
West Of Center Apartments2 Bedroom$1,966$67,405 (Rent cannot exceed 35% of income)80%20
West Of Center Apartments3 Bedroom$2,245$76,971 (Rent cannot exceed 35% of income)80%10
400 West Broadway1 Bedroom (ADA-M Unit)$1,621$48,63070%1 (ADA-M Unit)1 Unit built out for Households with Mobility Impairments
Oxbow Wayland1 Bedroom $2,150$64,50080%30
Anthem EverettMicro 1 Bedroom$2,149$64,47080%30
Anthem EverettStudio (ADA-M & ADA-MH Units)$1,903$57,09080%4 (ADA-M & ADA-MH Units)3 Units built out for Households with Mobility Impairments; 1 Unit built out for Households with Mobility Impairments and/or that are Deaf/Hard of Hearing
Anthem Everett1-Bedroom (ADA-M Unit)$2,140$64,20080%1 (ADA-M Unit)1 Unit built out for Households with Mobility Impairments
Cedar Place1-Bedroom$2,058$61,74080%10
Orchards2-Bedroom$2,154$51,69680%21 Unit built out for Households with Mobility Impairments
Cable Mills 2-Bedroom Condo$185,000 (Purchase Price)-80%10
Village Green1-Bedroom$1,950$58,50080%10
Village Green2-Bedroom$2,296$68,88080%10
The Cove2-Bedroom$2,587$77,61080% 20
The Cove1-Bedroom$2,195$65,85080% 10
Halstead2-Bedroom $2,900$78,30080%20
Beacham Street Apartments 1-Bedroom $2,257$67,71080% 51 Unit built out for Households with Mobility Impairments
The Avens1-Bedroom$2,464$73,92080%10
Emery Flats 1-Bedroom$2,263$67,89080% 10
Essex Landing 1-Bedroom$2,100$63,00080%10
Jefferson Station 1-Bedroom$2,324$69,72080% 10
536 Broadway 1-Bedroom$2,100$63,00080% 10
536 Broadway Studio$1,925$57,75080% 10
The IndieStudio ( Certified Artist) $1,130$33,90060%10
Canton Woods2-Bedroom$2,610$78,30080% 10
16 Laurel1- Bedroom$2,100$63,00080% 1
Portside1 Bedroom$2,600$78,000120%10
Prynne Hills1- Bedroom$2,22780%30

 

   

2024 HUD Income Limits

Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area
Household Size50%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

The next step is to request a lottery application, and then complete and submit your application by the deadline.

APPLICATION DISTRIBUTION PERIOD: September 16, 2024 – November 15, 2024

APPLICATION DEADLINE: November 15, 2024

Join the Wednesday, October 16, 2024 12pm Information Session Here

Email: 436Washington@MaloneyProperties.com Phone: (617) 531-7123 Ext 736 | US Relay 711

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

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 who 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

Property Questions:

What are the move-in fees? First month’s rent (prorated), last month’s rent, & a security deposit equal to one month’s rent.

What utilities are included in the rent? None. Tenants are responsible for all utilities including electricity (heating/cooling, cooking, hot water, & laundry), water/sewer, & cable/internet (optional). Gas is not a utility at this property.

Is the stove electric or gas? Electric.

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

Is parking available? Each unit comes with a designated parking space.

Is storage available? On-site storage is not included nor available to rent/purchase.

What is the pet policy? Pets are allowed with a limit of one per unit and a weight limit of 30 pounds.

If you have additional questions about this property, please contact us using the form or contact information below.

Tel: (617) 531-7123 Ext 736 – US Relay 711
Email: 436Washington@MaloneyProperties.com