Essex Lofts

multi-story apartment building with brick exterior and large windows
  • multi-story apartment building with brick exterior and large windows
  • modern kitchen with hardwood floors and stainless steel appliances
  • open floor plan living room with hardwood floors
  • small beige bedroom with wood floors
  • bathroom with tiled stand up shower
APARTMENT RENTALS

Essex Lofts

217-221 Essex Street Salem, MA 01970

Essex Lofts, Income Restricted Apartments, are a new construction development situated in the heart of downtown Salem. These units feature an open floor plan, cathedral windows, and modern kitchen with an island. Unit comes with in-unit laundry, parking, gym located in building, lobby with a centrally located elevator. This beautiful building is heart of Salem, walk out you're building and enjoy the sights of Salem, walking distance to T-station, restaurants, Museums, shopping and Marina.

FEATURES

Gym
Elevator in Lobby
In Unit washer and dryer
Walking distance to T- Station

updated bathroom with modern shower and washer dryer in closet

NEIGHBORHOOD

Historic Downtown Salem is an iconic neighborhood with a plethora of tourist attractions based around the historic Salem Witch Hunt and Trials. Tour the Salem Witch Museum for an intriguing presentation of the history of the 20 innocent people put to death during the Witch Hysteria of 1692. Venture to 17th century Salem in the home of Witch Trials Judge Johnathan Corwin at the Witch House. Based on Salem’s rich history, the Hocus Pocus Tours is a major attraction where you can discover the Salem locations used in the iconic movie Hocus Pocus.

Deterring from the witch craze, Downtown Salem houses the Peabody Essex Museum with beautiful art exhibits as well as delicious local restaurants. Try the Howling Wolf Taqueria for unique Mexican cuisine with the freshest ingredients made from scratch daily. Nestled in the center of historic downtown, Tavern in the Square offers the largest outdoor patio on the North Shore and was voted #1 Sports Bar on the North Shore, as well.

FIRST COME, FIRST SERVED / PROCESS

Please note, this is not a lottery. Applications for Essex Lofts 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 are 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

Essex Lofts is a mixed-income community offering 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: 40B
  • Number of income-restricted apartments: 2
  • Apartment sizes: 1 bedroom, 2 bedroom
  • ADA accessible apartments:  1- Two- bedroom
  • Maximum Income limits: 80% AMI (Area Median Income) – based on HUD limits
  • Asset limit: No asset limit for 40B

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

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 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

Email: EssexLofts@MaloneyProperties.com Phone: (617) 639-3064 Ext 754

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? Water

Is the stove electric or gas? Electric

Is the washer/dryer included? Yes, electric

Is parking available? N/A

Is storage available? N/A

What is the pet policy?   Pets allowed

Is there a monthly pet fee? $150 one time fee, per pet ( charged first month of rental term)

 

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

Tel: (617) 639-3064 ext 754 – US Relay 711
Email: