525 Linc

Exterior of 525 Linc in Allston
  • Exterior of 525 Linc in Allston
  • Ground floor lounge at 525 Linc in Allston
  • Common Room at 525 Linc in Allston
  • Common Lounge at 525 Linc in Allston
  • Outdoor space at 525 Linc in Allston
RENTAL LOTTERY

525 Linc

525 Lincoln Street Allston, MA 02134

525 Linc is a six-story building at the corner of Lincoln Street and Cambridge Street that offers a mix of 10 compact studios & 80, 3- and 4-bedroom units. The 3- and 4-bedroom apartments contain 269 residential "single room occupancy" (SRO) suites rented by the bedroom and share the unit common space with other by-the-bedroom unit renters. 46 of these units and 2 compact studios are designated 'income restricted' and will be rented to households earning at or less than the 70% Area Median Income (AMI) and 100% AMI. Imagine an all-access pass to a built-in community: a place where people want to connect. Skip the stress of utility bills and furniture shopping, at 525 Linc, it’s all included. You’ve got a lot to navigate; moving should be easy and apartment living should be uncomplicated.

As a project developed under the City of Boston’s Compact Living Policy Pilot, 525 Linc residents will not be allowed to obtain residential parking permits. They will be notified of this before signing a lease by Management. Per the Policy, “Developers of projects with Compact Living units must notify prospective residents about the inability to obtain residential parking permits before signing a lease or purchasing a unit.”

THE DEADLINE FOR THIS LOTTERY WAS:
September 19, 2023

Thank you for your interest in 525 Linc. Click below to see our current affordable apartment rental opportunities. 

CURRENT AVAILABILITY

If you applied to this lottery, Maloney will contact you by email with regular status updates after the lottery drawing. If you did not provide an email address, we’ll contact you by USPO at the mailing address you provided.

 

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.

FEATURES

Elevator
Bike Storage
Garage Parking (additional fees apply)
Furnished Apartments
All Utilities Included (with high-speed internet)
Fitness Center
BlueBikes Station
Community Kitchen & Work Room
Outdoor Patio
EV Chargers
Work-From-Home Lounge
Rooftop Deck

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NEIGHBORHOOD

525 Linc was built for easy living – that’s why our Allston location is minutes from Harvard School of Engineering and Applied Sciences and Harvard Business School, the Boston Landing commuter rail stop and the Packards Corner Green Line stop. Close to Trader Joe’s, bars, restaurants, music venues and everything else that makes Allston Allston.

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 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.

FAQ / FREQUENTLY ASKED QUESTIONS

Income Questions:

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 Questions:

What are the move-in fees? First month’s rent, $150 Lock & Key Fee, and $500 security deposit (for standard acceptance) or full month’s rent deposit & last month’s rent deposit (for conditional acceptance).

What utilities are included in the rent? Electricity (cooking & heating/cooling), water/sewer, & internet. Tenants are responsible for cable (optional). Gas is not a utility at this property.

Is the stove electric or gas? Electric.

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

Is parking available? 30 garage parking spaces are available on a first-come, first-serve basis for an additional $250/month.

As a project developed under the City of Boston’s Compact Living Policy Pilot, 525 Linc residents will not be allowed to obtain residential parking permits. They will be notified of this before signing a lease by Management. Per the Policy, “Developers of projects with Compact Living units must notify prospective residents about the inability to obtain residential parking permits before signing a lease or purchasing a unit.”

Is storage available? Additional storage is not included nor available to rent/purchase.

What is the pet policy? Pets are not allowed.

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

Tel: (617) 639-3064 Ext 792 – US Relay 711
Email: 525Linc@MaloneyProperties.com