Grove Street Landing, Phase 2
Grove Street Landing is a residential development in Salem consisting of 124 units. 12 of the units are designated as income-restricted, and rented to households earing at or below 80% AMI (Area Media Income). The Phase 2 Lottery will have 4 units.
FEATURES
Elevator
On-Site Parking (additional fees apply)
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
JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY
- Program: 40B
- Number of Income-Restricted Apartments: 12 (Six, 1-Bedroom Units, & Six, 2-Bedroom Units). Phase 2 has 4 units (Two, 1-Bedroom Units & Two, 2-Bedroom Units)
- Apartment Sizes: 1-Bedroom & 2-Bedroom
- Income-Restricted, ADA-Accessible Apartments: 1 (One, 1-Bedroom Unit built out for Households with Mobility Impairments). Phase 2 does not have any ADA units
- Maximum Income Limit: 80% AMI (Area Median Income) — Based on HUD Limits
- Asset Limit: No Asset Limit for 40B
Income limits 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
2026 HUD Income Limits
| Household Size | 50% | 60% | 65% | 80% | 120% |
|---|---|---|---|---|---|
| 1 Person | $60,000 | $72,000 | $78,000 | $96,000 | $138,264 |
| 2 Person | $68,600 | $82,320 | $89,180 | $109,700 | $158,016 |
| 3 Person | $77, 150 | $92,580 | $100,295 | $123,400 | $177,768 |
| 4 Person | $85,700 | $98,760 | $111,410 | $137,100 | $197,520 |
| 5 Person | $92,600 | $111,120 | 120,380 | $148,100 | $213,322 |
| 6 Person | $99,450 | $119,340 | 129,285 | $159,050 | $229,123 |
NEXT STEPS
APPLICATION DISTRIBUTION PERIOD: August 10, 2026 – October 9, 2026
APPLICATION DEADLINE: October 9, 2026
To download a PDF application to be mailed, faxed, or dropped off, please follow THIS LINK
Join the Wednesday, September 9, 2026, 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 under 18 and other dependents in school full-time is not counted the same as other sources of income. Any such earnings above $480 in annual income would not be counted towards the income limit.
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 while 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
