Grove Street Landing
Grove Street Landing, consisting of 124 residential units across 3 buildings, is a vibrant, brand-new community designed for modern living. Immerse yourself in a neighborhood where innovation meets comfort, and every corner is crafted with your needs in mind. 12 of the units are designated as income-restricted, and rented to households earing at or below 80% AMI (Area Media Income).
This property is broken up into three (3) lottery phases. Phase 1 has 4 units available. Breakdown is in the 'Eligibility' Section below!
FEATURES
Elevator
Additional, On-Site Parking (additional fees apply)
Additional On-Site Storage (additional fees apply)
EV Chargers (for every parking spot)
Package Room
Fitness Center
Co-Working Stations
Community Room (with lounge seating, kitchen, fireplace, & TV)
Common Rooftop Terrace (with grilling stations, lounge seating, gas fireplace, & TV)
Dog Park
NEIGHBORHOOD
Salem, Massachusetts is not just a historic gem; it’s a culinary paradise waiting for you to explore! With more than 50 fantastic restaurants, you’ll find a flavor for every palate and occasion. Whether you’re craving fresh seafood, delectable Italian dishes, innovative vegan options, or cozy cafes with homemade pastries, Salem has it all. There is nearby public transit 0.5 miles away (Bus Stop for Bus #450 and #456) and the MBTA commuter rail is 0.9 miles away.
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, & MRVP).
- Program: 40B
- Number of Income-Restricted Apartments: 12 (Six, 1-Bedroom Units, & Six, 2-Bedroom Units). Phase 1 has 4 units (Two, 1-Bedroom Units & Two, 2-Bedroom Units)
- Apartment Sizes: 1-Bedroom & 2-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, typically changes are made in Spring. To find out more about the current year’s limits, please visit this link.
Current Rental Availability
| Property | # Beds | Rent | Minimum Income | Income Limit (AMI) | Units Available | Accessible Units |
|---|---|---|---|---|---|---|
| 366 Broadway | Studio | $2,117 | $63,510 | 80% | 2 | 0 |
| 366 Broadway | 1-Bedroom | $2,395 | $71,850 | 80% | 1 | 0 |
| 366 Broadway | 2-Bedroom | $2,652 | $79,560 | 80% | 1 | 0 |
| Verra | Studio | $550 | $16,500 | 30% | 1 | 0 |
| Verra | 1-Bedroom | $650 | $19,500 | 30% | 2 | 0 |
| Verra | Studio | $759 | $22,770 | 40% | 1 | 0 |
| Verra | 1-Bedroom | $892 | $26,760 | 40% | 1 | 0 |
| Verra | Studio | $967 | $29,010 | 50% | 2 | 0 |
| Verra | 1-Bedroom | $1,135 | $34,050 | 50% | 2 | 0 |
| Verra | 2-Bedroom | $1,281 | $38,430 | 50% | 1 | 0 |
| Verra | Studio | $1,175 | $35,250 | 60% | 2 | 1 Unit built out for Households with Mobility Impairments |
| Verra | 1-Bedroom | $1,378 | $41,340 | 60% | 2 | 0 |
| Verra | 2-Bedroom | $1,559 | $46,770 | 60% | 1 | 0 |
| Verra | Studio | $1,383 | $41,490 | 70% | 17 | 0 |
| Verra | 1-Bedroom | $1,621 | $48,630 | 70% | 23 | 1 Unit built out for Households with Mobility Impairments |
| Verra | 2-Bedroom | $1,837 | $55,110 | 70% | 8 | 3 (1 Unit built out for Households with Mobility Impairments; 2 Units built out for Households that are Deaf/Hard of Hearing) |
| Verra | Studio | $2,009 | $60,270 | 100% | 10 | 2 (1 Unit built out for Households with Mobility Impairments; 1 Unit built out for Households that are Deaf/Hard of Hearing) |
| Verra | 1-Bedroom | $2,351 | $70,530 | 100% | 11 | 2 Units built out for Households with Mobility Impairments |
| Verra | 2-Bedroom | $2,670 | $80,100 | 100% | 2 | 0 |
| West Of Center Apartments | 1-Bedroom | $1,648 | $49,440 | 80% | 1 | 0 |
| 25 Gardner Street | 1-Bedroom | $1,621 | $48,630 | 70% | 2 | 0 |
| 25 Gardner Street | 3-Bedroom | $2,057 | $61,710 | 70% | 1 | 0 |
| Grove Street Landing | 1-Bedroom | $2,391 | $71,730 | 80% | 2 | 0 |
| Grove Street Landing | 2-Bedroom | $2,649 | $79,470 | 80% | 2 | 0 |
| 93 Centre Street | Studio | $1,623 | $54,690 | 80% | 1 | 0 |
| The Cove | 1-Bedroom | $2,248 | $67,440 | 80% | 3 | 0 |
| Beacham Street Apartments | 1-Bedroom | $1,900 | $57,000 | 80% | 4 | 0 |
| Essex Landing | 1-Bedroom | $1,700 (reduced rent due to unit being above fitness center) | $51,000 | 80% | 1 | 0 |
| Essex Landing | 1-Bedroom | $2,100 | $63,000 | 80% | 2 | 0 |
| Jefferson Station | 1-Bedroom | $2,290 | $68,700 | 80% | 1 | 0 |
| Jefferson Station | 2-Bedroom | $2,714 | $81,420 | 80% | 1 | 0 |
| Prynne Hills | 1-Bedroom | $2,227 | $66,810 | 80% | 4 | 1 - unit built out for households with mobility impairment |
| Prynne Hills | 2-Bedroom | $2,441 | $73,230 | 80% | 2 | 0 |
| The Overlook at St. Gabriel's | 2-Bedroom | $3,704 | $111,120 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | 1-Bedroom | $3,079 | $92,370 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | Studio | $2,833 | $84,990 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | Studio | $2,683 | $80,490 | 150% | 1 | 0 |
| Tremont | 1-Bedroom | $2,467 | $74,010 | 80% | 1 (ADA-M Unit) | 1 Unit built out for Households with Hearing Impairments |
| Huntington | 1-Bedroom | $2,467 | $74,010 | 80% | 1 | 0 |
| Huntington | 2-Bedroom | $2,746 | $82,380 | 80% | 1 | 0 |
| Halstead Burlington | Studio | $2,050 | $55,350 | 80% | 2 | 0 |
| Halstead Burlington | 1-Bedroom | $2,500 | $67,500 | 80% | 1 | 0 |
| Halstead Burlington | 2-Bedroom | $2,900 | $78,300 | 80% | 1 | 0 |
| Ellington | 2-Bedroom | $1,987 | $59,610 | 80% | 1 | 0 |
| Essex Street Lofts | Studio | $1,492 | $44,760 | 80% | 2 | 0 |
| Essex Street Lofts | 1-Bedroom | $1,685 | $50,550 | 80% | 1 | 0 |
| Lux | 1-Bedroom | $1,998 | $59,430 | 80% | 1 | 0 |
| 7Ink | Single Room Occupancy (SRO) | $1,214 | $36,420 | 70% | 1 | 0 |
| 16 Laurel | 1-Bedroom | $2,100 | $63,000 | 80% | 1 | 1 Unit built out for Households with Audio Visual Impairments |
| 16 Laurel | 2-Bedroom | $2,400 | $72,000 | 80% | 1 | 1 Unit built out for Households with Mobility Impairments |
| Oriole Landing | 1-Bedroom | $2,100 | $63,000 | 80% | 2 | 0 |
| Gateway at Millis | 2-Bedroom | $2,472 | $74,160 | 80% | 2 | 1 Unit built out for Households with Mobility Impairments |
| Tidewater | 2-Bedroom | $2,585 | $77,550 | 80% | 1 | 0 |
| The Artemis | 1-Bedroom (ADA-M Unit) | $2,250 | $67,500 | 80% | 1 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
| 598 - 600 North Ave | 2-Bedroom | $2,532 | $75,960 | 80% | 1 | 0 |
| Bremen 282 | 2-Bedroom (Certified-Artist Only Unit) | $1,559 | $46,770 | 60% | 1 | 0 |
| 436 Washington Street | 1-Bedroom | $1,900 | $57,000 | 80% | 5 | 0 |
2025 HUD Income Limits
| Household Size | 50% | 80% | 120% |
|---|---|---|---|
| 1 Person | $57,900 | $92,650 | $135,156 |
| 2 Person | $66,200 | $105,850 | $154,464 |
| 3 Person | $74,450 | $119,100 | $173,772 |
| 4 Person | $82,700 | $132,300 | $193,080 |
| 5 Person | $89,350 | $142,900 | $208,526 |
| 6 Person | $95,950 | $153,500 | $223,973 |
NEXT STEPS
APPLICATION DISTRIBUTION PERIOD: May 26, 2025 – July 25, 2025
APPLICATION DEADLINE: July 25, 2025
Join the Wednesday, June 18, 2025 12pm Information Session Here
Email: GroveStreetLanding@MaloneyProperties.com Phone: (617) 531-7123 Ext 705 | US Relay 711
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), a security deposit equal to one month’s rent, & a $250 lock and key fee.
What utilities are included in the rent? None. Tenants are responsible for all utilities, including gas (heating/cooling, hot water, laundry, & cooking), electricity (general), water/sewer, & cable/internet (optional).
Is the stove electric or gas? Gas.
Is the washer/dryer included? Yes In-unit (Gas).
Is parking available? On-site parking is available to rent on a first-come, first-served basis. Garage parking is an additional $75/month, and surface parking is an additional $35/month. Pricing is subject to change.
Is storage available? Additional, on-site storage is available to rent on a first-come, first-served basis. The fee is TBD.
What is the pet policy? Pets are allowed with a max of 2 pets per apartment for an additional $50/month per pet. The fee is subject to change. Service animals are permitted for no additional fees with proper documentation.
If you have additional questions about this property, please contact us using the form or contact information below.
Email: GroveStreetLanding@MaloneyProperties.com