Presidential Point

33 Newport Avenue Quincy, MA 02171

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).

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

https://www.maloneyaffordable.com/wp-content/uploads/2024/09/Presidential-Point-Fitness-Center.png

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.

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: 10 (One Studio Unit, Six, 1-Bedroom Units, & Three, 2-Bedroom Units)
  • Apartment Sizes: Studio, 1-Bedroom, & 2-Bedroom
  • Income-Restricted, ADA-Accessible Apartments: 2 (Two, 1-Bedroom Units)
  • 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
Gatehouse 751-Bedroom (ADA-M Unit)$1,559$46,77070%1 (ADA-M Unit)1 Unit Built out for Households with Mobility Impairments
Via Studio (ADA-M Unit)$1,330$39,90070%1 (ADA-M Unit)1 Unit Built out for Households with Mobility Impairments
Presidential PointStudio$1,765$52,95080%10
Presidential Point1-Bedroom$1,875$56,25080%62 Units built out for Households with Mobility Impairments
Presidential Point2-Bedroom$2,232$66,96080%30
HelixStudio (ADA-M Unit)$1,967$51,92980%1 (ADA-M Unit)1 Unit built out for Households with Mobility Impairments
Helix1-Bedroom$2,327$61,43380%10
Mason1-Bedroom$2,288$68,64080% 31 Unit built out for Households with Mobility Impairments
436 Washington Street1-Bedroom$1,900$57,00080%50
402-410 Washington Street1-Bedroom$2,485$74,55080%20
402-410 Washington Street2-Bedroom$2,77283,16080%10
West Of Center Apartments1-Bedroom$1,648$56,502 (Rent cannot exceed 35% of income)80%30
West Of Center Apartments2-Bedroom$1,966$67,405 (Rent cannot exceed 35% of income)80%20
West Of Center Apartments3-Bedroom$2,245$76,971 (Rent cannot exceed 35% of income)80%10
400 West Broadway1-Bedroom (ADA-M Unit)$1,559$46,77070%1 (ADA-M Unit)1 Unit built out for Households with Mobility Impairments
Oxbow Wayland1-Bedroom 2150$64,50080%30
Anthem EverettMicro 1-Bedroom$2,149$64,47080%30
Anthem EverettStudio$1,903$57,09080%4Units built out for mobility/hearing impairment
Anthem Everett1-Bedroom (ADA-M Unit)$2,140$64,20080%1 (ADA-M Unit)1 Unit built out for Households with Mobility Impairments
Reserve at Burlington 1-Bedroom$2,150$56,76080%1
Reserve at Burlington Studio$2,048$54,06780%10
Reserve at Burlington 2-Bedroom$2,746$72,494.4080%10
Cedar Place1-Bedroom$2,058$61,74080%10
Orchards2-Bedroom$2,154$51,69680%21 Unit built out for Households with Mobility Impairments
Cable Mills 2-Bedroom Condo$185,000 (Purchase Price)-80%10
Village Green1-Bedroom$2,050$61,50080%10
Village Green2-Bedroom$2,296$68,88080%10
The BonMicro Studio$2,100$63,000120%10
The Cove2-Bedroom$2,587$77,61080% 20
The Cove1-Bedroom$2,195$65,85080% 10
Willets Landing2-Bedroom $1,766$52,98070%10
Willets Landing1-Bedroom (ADA-M Unit)$1,559$46,77070%1 (ADA-M Unit)1 Unit built out for Households with Mobility Impairments
Halstead2-Bedroom $2,900$78,30080%20
The Signal Building1-Bedroom (ADA-M Unit)$1,793$53,79080%1 (ADA-M Unit)1 Unit Built out for Households with Mobility Impairments
Beacham Street Apartments 1-Bedroom $2,257$67,71080% 11 unit built out for Households that have a mobility impairment
Heritage at Stone Ridge 2- Bedroom $2,100$63,00080%2 ( At least 1 member of HH needs to be 55+) 0
365 Western AvenueStudio$930$27,90070%11 unit built out for Households that have a mobility impairment
The Avens1-Bedroom$2,464$73,92080%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 lottery application, and then complete and submit your application by the deadline.

APPLICATION DISTRIBUTION PERIOD: September 23, 2024 – November 22, 2024

APPLICATION DEADLINE: November 22, 2024

Join the Wednesday, October 23, 2024 12pm Information Session Here

Email: PresidentialPoint@MaloneyProperties.com Phone: (617) 531-7123 Ext 776 | 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 $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.

Tel: (617) 531-7123 Ext 776 – US Relay 711
Email: PresidentialPoint@MaloneyProperties.com