The Guild

154 Broadway Somerville, MA 02145

The Guild is apart of a new and improved way of living. It is Somerville's first fully certified, NET-Zero housing project with its high-performance and all electric design. It is a mixed-use building located at 154 Broadway consisting of a five-story mid-rise structure with forty-five (45) residential units. 9 of the units are designated as inclusionary housing, and will be rented to households making at or below 50% AMI, 80% AMI, or 110% AMI (Area Median Income).

FEATURES

Elevator
Bike Storage
Fitness Center
Common Lobby Area
Rooftop Terrace
Community Club Room (with kitchen & lounge)
Online Tenant Portal (for rent payments & maintenance requests)
Pet Spa
NET Zero-Certified

https://www.maloneyaffordable.com/wp-content/uploads/2024/06/Screenshot-2024-06-07-121812.png

NEIGHBORHOOD

Somerville, Massachusetts is a magical place to be apart of. Right next to Boston, you can experience all the food, culture, and beauty just right outside your front door. Easy access to transportation, shopping, restaurants, parks, grocery stores, and much more. Established in 1842, Somerville has been a fast growing community. Being named one of the best run cities in Massachusetts by The Boston Globe. Be apart of the history of this beautiful lively city!

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: Inclusionary Zoning
  • Number of Income-Restricted Apartments: 9 (Three, 50% Studio Units, One, 50% 3-Bedroom Unit, Three, 80% Studio Units, One, 110% Studio Unit, & One, 110% 3-Bedroom Unit)
  • Apartment Sizes: Studio & 3-Bedroom
  • Income-Restricted, ADA-Accessible Apartments: 2 (One, 50% Studio Unit built out for Households that are Deaf/Hard of Hearing; One, 50% 3-Bedroom Unit built out for Households with Mobility Impairments)
  • Maximum Income Limits: 50% AMI, 80% AMI, & 110% AMI (Area Median Income) — Based on HUD Limits
  • Asset Limit: $75,000

Asset Limit does not include retirement but does include the assessed value of real estate owned by applicants.

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.

2024 HUD Income Limits

Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area
(Somerville 50% AMI, 51%-80% AMI, 81%-110% AMI) 
Household Size50% AMI51% AMI - 80% AMI81% AMI - 110% AMI
1$57,100$57,101 - $91,200$91,201 - $125,664
2$65,300$65,301 - $104,200$104,201 - $143,616
3$73,450$73,451 - $117,250$117,251- $161,568
4$81,600$81,601 - $130,250$130,251 - $179,520
5$88,150$88,151 - $140,700$140,701 - $193,882
6$94,700$94,701 - $151,100$151,101- $208,243

Current Rental Availability

Property# BedsRentMinimum IncomeIncome Limit (AMI)Units AvailableAccessible Units
Beacham Street Apartments1-Bedroom$2,257$67,71080%51 Unit built out for Households with Mobility Impairments
536 BroadwayStudio$2,056$61,68080%10
536 Broadway1-Bedroom$2,324$69,72080%10
536 Broadway2-Bedroom$2,567$77,01080%10
404 Lowell Street2-Bedroom$2,689$80,67080%10
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
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
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%1 (ADA-M Units)1 Unit built out for Households with Mobility Impairments
Idyl1 Bedroom (ADA-M Units)$1,559$46,77070%11 Unit 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%41 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
Bremen 282Studio (Certified-Artists Only Units)$1,130$33,90060%4 (Certified-Artists Only Units)0
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%20
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$2,100$63,000120%10
27 Water St. 2-Bedroom$2,541$76,23080%10

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 1, 2024 – August 1, 2024

APPLICATION DEADLINE: August 1, 2024

简体中文应用

繁體中文應用

Aplicación en Español

Aplikasyon kreyòl ayisyen

नेपाली आवेदन

Aplicação em português brasileiro

Information Sessions:

Wednesday, July 3, 2024 at 12pm

Wednesday, July 10, 2024 at 6pm

Join the information sessions by clicking this link

Email: TheGuild@MaloneyProperties.com Phone: (617) 639-3064 Ext 774 | 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 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 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, security deposit equal to one month’s rent, & a $150 key fee. Last month’s rent may be collected, depending on credit screening.

What utilities are included in the rent? None. Tenants are responsible for all utilities including electricity (heating/cooling, hot water, cooking, & laundry), water/sewer, & cable/internet (optional). Gas is not a utility at this property.

Is the stove electric or gas? Electric.

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

Is parking available? Additional parking is not included nor available to rent/purchase.

Is storage available? Additional storage is not included nor available to rent/purchase.

What is the pet policy? Pets are allowed. Dogs must be under 40 pounds, with some breed restrictions. Each cat and dog are $50/month.

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

Tel: (617) 639-3064 Ext 774 – US Relay 711
Email: TheGuild@MaloneyProperties.com