Proximity Place- 386 Market Street

386-388 Market Street, Brighton, Boston, Massachusetts, USA

Proximity Place is a new luxury residential community in the heart of the vibrant and rapidly transforming neighborhood of Brighton.
Featuring 17 well-equipped one- and two-bedroom units with a variety of floorplans, Proximity Place offers best-in-class amenities, including
underground garage parking, key fob security, an elevator and private, secure storage areas. With nine different layouts, units range from studio
to one bedroom, one bathroom to two-bedroom, two bathroom. All have a sleek, modern look with contemporary flooring, recessed lighting, in-unit
laundry, and eat-in kitchens featuring state-of-the-art stainless-steel appliances, granite countertops and handcrafted cabinetry. This development has 2 income-restricted units.

FEATURES

No amenities in the building.
Storage additional $50 per/month.
Garage Parking $200 per/month.
No Pets Allowed.

NEIGHBORHOOD

Proximity Place is within walking distance of Boston Landing, a sprawling new 15-acre campus that features shops, restaurants, New Balance’s world headquarters, the Boston Bruins’ practice facility, Warrior Arena, and the Boston Celtics’ practice facility, the Auerbach Center. Boston Landing also includes a new MBTA commuter rail station that is just three stops from downtown Boston and one stop to Fenway Park, home of the Boston Red Sox.

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: Boston and Planning Development Agency (BPDA)
  • Number of income-restricted apartments: 2
  • Apartment sizes: Studio,  1 bedroom
  • Income restricted ADA accessible apartments: None
  • Maximum Income limits: 70% (Area Median Income)
  • Asset limit: $75,000
    Asset Limits do not include retirement but do include the assessed value of real estate owned by applicants. For households in which all members are over 65, the asset limit is $250,000 (including retirement).

 

Current Rental Availability

Property# BedsRentMinimum IncomeIncome Limit (AMI)Units Available
319 & Park3$1,789$53,67070%1
319 & Park2$1,597$47,91070%2
319 & Park1$1,410$42,30070%3
Prynne Hills 1$1,844$44,25680% 3
Wakefield Vista2$2,111$63,33080%2
The Orchards2$1,992$47,80880%1
Halstead Burlington Studio$1,707$46,08980%1
Arthaus - Certified Artist Restricted1$1,410$39,54070%7
Arthaus - Certified Artist RestrictedStudio$1,203$33,75070%1
Arthaus - Certified Artist Restricted2$1,597$44,76070%1
Portside2$2,322$69,660100%1
Alta Oxbow1$1,693$50,79080%19
Alta Oxbow1 - Age Restricted - 55+$1,693$50,79080%8
Alta Oxbow2$1,858$55,74080%19
Alta Oxbow2 - Age Restricted - 55+$1,858$55,74080%9

 

   

BPDA Income Limits for 2021

Household Size70% AMI80% AMI90% AMI100% AMI110% AMI120% AMI150% AMI
1 Person$59,200$67,700$76,100$84,600$93,050$101,500$126,850
2 Person $67,650$77,350$87,000$96,650$106,350$116,000$145,000
3 Person$76,100$87,000$97,850$108,750$119,650$130,500$163,100
4 Person$84,550$96,650$108,700$120,800$132,900$144,950$181,200
5 Person$91,350$104,400$117,400$130,500$143,550$156,550$195,700
6 Person$98,100$112,150$126,100$140,150$154,200$168,150$210,200

NEXT STEPS

The next step is to request a lottery application, and then complete and submit your application by the deadline. 

APPLICATION DISTRIBUTION PERIOD: February 14, 2022 – March 2, 2022

APPLICATION DEADLINE: March 2, 2022

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 that 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 not 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. The Boston Fair Housing Commission 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

What utilities are included in the rent? Water/Sewer

Is the stove electric or gas? Gas

Is the washer/dryer included? Yes

Is parking available? Garage Parking $200/month – Prices subject to change.

Is storage available? Yes, $50 a month additional.

What is the pet policy?  No Pets Allowed.

Is there a monthly pet fee? No

Tel: (617) 531-7123 Ext 719 – US Relay 711
Email: 386Market@maloneyproperties.com