Maxwell

102 Mill Road Everett, MA 02149

Maxwell is the second phase of the residential development at 85 Boston Street, located in Everett's Commercial Triangle District. It is accelerating the transformation of the former industrial site into a modern, pedestrian-friendly neighborhood with new energy. Maxwell will help usher in a new era for the district, with transit-oriented residential, retail, and pedestrian corridors. Maxwell contains 330 units, with 29 of them being designated as income-restricted. They will be rented to households earning at or below 80% AMI (Area Median Income).

FEATURES

Elevator
On-Site Garage Parking (additional fees apply)
On-Site Storage (additional fees apply)
Bike Storage (with repair lounge)
Fitness & Wellness Center
Community Lounge (with kitchen, dining area, & TV/gaming areas)
Co-Working Space (with conference & work rooms)
Community Courtyards (with grilling stations & fireplace seating area)
Outdoor Pool (with lounge & cabanas)
Flex Tech Room

https://www.maloneyaffordable.com/wp-content/uploads/2024/06/Maxwell-Everett-Sign.png

NEIGHBORHOOD

Maxwell is located in Everett’s Commercial Triangle District. It is just 0.5 miles from the Chelsea MBTA station, which offers access to the Silver Line and Commuter Rail. Maxwell is also nearby the MBTA’s Wellington Orange Line station, the Encore Boston Harbor resort, & the Assembly Row District.

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 and MRVP).

  • Program: 40B
  • Number of Income-Restricted Apartments: 29 (Eight Studio Units, Twelve, 1-Bedroom Units, & Nine, 2-Bedroom Units)
  • Apartment Sizes: Studio, 1-Bedroom, & 2-Bedroom
  • Income-Restricted, ADA-Accessible Apartments: 7 (One Studio Unit, Four, 1-Bedroom Units, & Two, 2-Bedroom Units built out for Households with Mobility Impairments)
  • 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. To find out more about the current year’s limits, please visit this link.

 

Current Rental Availability

Property# BedsRentMinimum IncomeIncome Limit (AMI)Units AvailableAccessible Units
404 Lowell Street2-Bedroom$2,689$80,67080%10
Heritage at Stone Ridge2-Bedroom$2,297$60,640.80Income limits can vary, and can include no income restrictions51 Unit built out for Households with Mobility Impairments
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
Ellington Metro West 1-Bedroom$1,803$54,09080%10
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
400 West BroadwayStudio$1,330$39,90070%10
400 West Broadway1-Bedroom$1,559$46,77070%21 Unit built out for Households with Mobility Impairments
400 West Broadway2-Bedroom$1,766$52,98070%20
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%2 (ADA-M Units)2 Units built out for Households with Mobility Impairments
Idyl1-Bedroom (ADA-M Units)$1,559$46,77070%2 (ADA-M Units)2 Units 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%51 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
Ink Block1-Bedroom $1.559$46,77070%10
Bremen 282Studio (Certified-Artists Only Units)$1,130$33,90060%4 (Certified-Artists Only Units)0
The Artemis at Arlington Heights1-Bedroom$1,925$57,75080%10
The Artemis at Arlington Heights2-Bedroom$2,273$68,19080%10
The Artemis at Arlington HeightsStudio$1,834$55,02080%10
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%2
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 (ADA-M Unit)$2,100$63,000120%1 (ADA-M Unit)1 Unit built out for Households with Mobility Impairments

 

   

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 lottery application, and then complete and submit your application by the deadline.

APPLICATION DISTRIBUTION PERIOD: July 8, 2024 – September 6, 2024

APPLICATION DEADLINE: September 6, 2024

Join the Wednesday, July 24, 12pm Information Session Here

Email: TheMaxwell@MaloneyProperties.com Phone: (617) 531-7123 Ext 709 | US Relay 711

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.

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.

What utilities are included in the rent? Tenants are responsible for all utilities including gas (heating/cooling, hot water, and 1-Bedroom & 2-Bedroom cooking), electricity (laundry and Studio & ADA cooking), water/sewer, & cable/internet (optional).

Is the stove electric or gas? 1-Bedroom & 2-Bedroom Units will have gas cooking. Studio and ADA Units will have electric cooking.

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

Is parking available? There are 460 garage parking spaces and 8 surface area parking spaces available to rent on a first-come, first-served basis for an additional $200/month and $100/month respectively.

Is storage available? On-site storage lockers are available to rent on a first-come, first-served basis for an additional $100/month.

What is the pet policy? Pets are allowed, with a max of 2 pets per unit. Cats are an additional $50/month, dogs are an additional $75/month.

If you have additional questions about this property, please contact us using the form or contact information below.

Tel: (617) 531-7123 Ext 709 – US Relay 711
Email: TheMaxwell@MaloneyProperties.com