Presidential Point
At Presidential Point, our mission is to provide a luxurious and secure living environment that exceeds our residents' expectations. We are committed to delivering unparalleled comfort, convenience, and community to create a home where every moment is exceptional. Presidential Point is a place where residents can truly experience luxury living at its finest. We aspire to become the premier choice for those seeking a sophisticated and secure apartment community. Presidential Point consists of 104 apartments, 10 units are designated as income-restricted and will be rented to households earning at or below 80% AMI (Area Median Income).
The link to the Lottery Results is Here
THE DEADLINE FOR THIS LOTTERY WAS:
November 22, 2024
Thank you for your interest in Presidential Point. Click below to see our current affordable apartment rental opportunities.
If you applied to this lottery, Maloney will contact you by email with regular status updates after the lottery drawing. If you did not provide an email address, we’ll contact you by USPO at the mailing address you provided.
FEATURES
Elevator
On-Site Garage Parking (additional fees apply)
EV Charging Stations
Package Room (with smart parcel lockers)
Bike Storage
Fitness Center
Shared Lobby (with lounge & TV)
Game Room
Meeting & Conference Room
Quiet Area (with library)
Common Courtyard (with grills, lawn games, lounge areas, & gas firepits)
Dog Park
Dog Wash & Grooming Station
NEIGHBORHOOD
Discover the unbeatable Quincy neighborhood surrounding Presidential Point, where convenience meets recreation. A mere 5-minute walk takes you to the North Quincy T Station, connecting you directly to the Red Line to get to the heart of Boston at South Station in just 27 minutes. If you prefer to drive, it is just short of 20 min to get to Boston. For outdoor enthusiasts, golf courses and tennis courts are right at your doorstep, along with lush parks for leisurely strolls with your pup. Supermarkets and convenience stores are within reach, ensuring your daily needs are effortlessly met. Satisfy your culinary cravings with an array of restaurants, eateries, pubs, and shacks, and indulge in retail therapy at the nearby shopping plaza. Here you’re at the crossroads of convenience and leisure, living in the heart of the action.
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.
FAQ / FREQUENTLY ASKED QUESTIONS
Income Questions:
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 Questions:
What are the move-in fees? First month’s rent (prorated) & security deposit equal to $500 or up to one month’s rent, dependent on credit score.
What utilities are included in the rent? Trash, hot water, & water/sewer. Tenants are responsible for all other utilities including gas, electricity (heating/cooling, cooking, & laundry), & cable/internet (optional).
Is the stove electric or gas? Electric.
Is the washer/dryer included? Yes. In-unit (Electric).
Is parking available? Garage parking spaces are available to rent on a first-come, first-served basis for an additional $150/month.
Is storage available? Additional storage is not included nor available to rent/purchase.
What is the pet policy? Pets are allowed with a maximum of 2 pets per unit and a weight limit of 80 pounds. Cats are an additional $50/month & dogs are an additional $75/month. Service animals are allowed.
If you have additional questions about this property, please contact us using the form or contact information below.
Email: PresidentialPoint@MaloneyProperties.com