This beautiful new community offers luxury living with amazing amenities in a fantastic location. Each apartment features designer finishes, including granite countertops, modern plank flooring and stainless steel appliances. Close to shopping, dining and entertainment. Enjoy the great outdoors at several parks and Revere Beach. Make your new home at Essex Landing!
Stainless Steel Appliances
In-Unit Washer & Dryer
Heating / Air Conditioning
Parking - No fee for exterior parking areas adjacent to each apartment building. Such exterior parking is unassigned and on a first come first serve basis. Additional parking is available in the garage for residents for a monthly fee, $100 (subject to change)
Pet Friendly (2 pets, breed restrictions, pet fees may apply)
Make life easy! We're close to restaurants and bars that entice you to come in, dynamic fitness offerings, and ample outdoor space to run or walk your dog. Local shopping includes The Square One Mall, The Shops at Saugus, and The North Shore Mall. There's a wide range of restaurants all along Route 1, and the areas many parks offer walking, jogging and hiking trails. There are numerous golf courses, bowling alleys, and skating rinks (both ice and rolled). The famous Revere Beach is just a short distance away.
JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY
Essex Landing offers 40B income-restricted rental opportunities for households meeting the 80% AMI income restriction. There are a total of 26 affordable units, including 11 new one-bedroom apartments. The property consists of four buildings and is expected to be completed in early 2022.
Current Rental Availability
|Property||# Beds||Rent||Minimum Income||Income Limit (AMI)||Units Available|
|319 & Park||3||$1,789||$53,670||70%||1|
|319 & Park||2||$1,597||$47,910||70%||2|
|319 & Park||1||$1,410||$42,300||70%||3|
|Arthaus - Certified Artist Restricted||1||$1,410||$39,540||70%||7|
|Arthaus - Certified Artist Restricted||Studio||$1,203||$33,750||70%||1|
|Arthaus - Certified Artist Restricted||2||$1,597||$44,760||70%||1|
|Alta Oxbow||1 - Age Restricted - 55+||$1,693||$50,790||80%||8|
|Alta Oxbow||2 - Age Restricted - 55+||$1,858||$55,740||80%||9|
2022 HUD Income Limits
APPLICATION DISTRIBUTION PERIOD: December 14, 2021 – February 18, 2022
APPLICATION DEADLINE: February 18, 2022
Applications can be mailed to:
Maloney Properties, Inc.
Attn: Essex Landing Lottery
27 Mica Lane, Wellesley, MA 02481
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 not 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? Water/Sewer
Is the stove electric or gas? Electric
Is the washer/dryer included? Yes
Is parking available? No fee for exterior parking areas adjacent to each apartment building. Such exterior parking is unassigned and on a first come first serve basis. Additional parking is available in the garage for residents for a monthly fee, $100 (subject to change)
Is storage available? No storage available.
What is the pet policy? 2 Pets Allowed with Breed Restrictions, Additional fee may apply.
Is there a monthly pet fee? Yes