The Guild
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
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!
FIRST COME, FIRST SERVED / PROCESS
Please note, this is not a lottery. Applications for The Guild are processed on a first come, first served basis, as apartments become available (see the Current Availability table in the next section below).
If there is no current availability, applications are added to the waiting list and are reviewed upon receipt to ensure completion and proper documentation only. Applications will then be reviewed for eligibility when they are reached on the waiting list.
Applicants will be emailed upon receipt of their application and upon each application review. Please check your email regularly.
JOIN OUR COMMUNITY / AVAILABILITY & ELIGIBILITY
The Guild is a mixed-income community offering affordable apartment rentals. Eligibility and income restrictions apply. Find current availability and income limits in the table below.
Minimum income limits apply unless the household receives mobile housing assistance (including, but not limited to: VASH, Section 8 and MRVP).
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
(Somerville 50% AMI, 51%-80% AMI, 81%-110% AMI)
| Household Size | 50% AMI | 51% AMI - 80% AMI | 81% 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 | # Beds | Rent | Minimum Income | Income Limit (AMI) | Units Available | Accessible Units |
|---|---|---|---|---|---|---|
| James and Harrison Court | 1-Bedroom | $1,378 | $49,608 | 60% | 1 | 0 |
| Maxwell | Studio | $2,064 | $61,920 | 80% | 1 | 0 |
| 11-15 Market Street | 2-Bedroom | $1,703 | $51,090 | 60% | 5 | 0 |
| The Tremont | 2-Bedroom | $2,746 | $94,242.72 | 80% | 1 | 0 |
| The Nines | 1-Bedroom | $2,465 | $73,950 | 80% | 1 | 0 |
| The Guild | Studio | $2,088 | $91,201 | 81% (Minimum) - 110% (Maximum) | 1 | 0 |
| Maxwell | 1-Bedroom (ADA-M Unit) | $2,327 | $69,810 | 80% | 1 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
| 436 Washington Street | 1-Bedroom | $1,900 | $57,000 | 80% | 5 | 0 |
| 400 West Broadway | 1-Bedroom (ADA-M Unit) | $1,621 | $48,630 | 70% | 1 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
| Oxbow Wayland | 1-Bedroom | $2,150 | $64,500 | 80% | 3 | 0 |
| Anthem Everett | Studio (ADA-M Unit) | $1,903 | $57,090 | 80% | 1 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
| Orchards | 2-Bedroom | $2,154 | $51,696 | 80% | 2 | 1 Unit built out for Households with Mobility Impairments |
| Cable Mills | 2-Bedroom Condo | $185,000 (Purchase Price) | - | 80% | 1 | 0 |
| Village Green | 1-Bedroom | $1,950 | $58,500 | 80% | 1 | 0 |
| Village Green | 2-Bedroom | $2,296 | $68,880 | 80% | 1 | 0 |
| The Cove | 2-Bedroom | $2,587 | $77,610 | 80% | 2 | 0 |
| The Cove | 1-Bedroom | $2,195 | $65,850 | 80% | 1 | 0 |
| Halstead | 2-Bedroom | $2,900 | $78,300 | 80% | 2 | 0 |
| Beacham Street Apartments | 1-Bedroom | $2,100 | $63,000 | 80% | 4 | 0 |
| The Avens | 1-Bedroom | $2,464 | $73,920 | 80% | 1 | 0 |
| Emery Flats | 1-Bedroom | $2,263 | $67,890 | 80% | 1 | 0 |
| Emery Flats | Studio | $2,063 | $61,890 | 80% | 1 | 0 |
| Essex Landing | 1-Bedroom | $2,100 | $63,000 | 80% | 1 | 0 |
| Jefferson Station | 1-Bedroom | $2,324 | $69,720 | 80% | 1 | 0 |
| 536 Broadway | 1-Bedroom | $2,100 | $63,000 | 80% | 1 | 0 |
| 536 Broadway | Studio | $1,925 | $57,750 | 80% | 1 | 0 |
| 536 Broadway | 2- Bedroom | $2,746 | $67,710 | 80% | 1 | 0 |
| The Indie | Studio (Certified-Artist Unit Only) | $1,130 | $33,900 | 60% | 1 (Certified-Artist Only Unit) | 0 |
| 16 Laurel | 1-Bedroom | $2,100 | $63,000 | 80% | 1 | 1 Unit built out for Households with Mobility Impairments |
| 16 Laurel | 2-Bedroom | $2,400 | $72,000 | 80% | 1 | 1 Unit built out for Households with Mobility Impairments |
| Prynne Hills | 1-Bedroom | $2,227 | $66,810 | 80% | 3 | 0 |
| 404 Lowell Street | 2-Bedroom | $2,689 | $80,670 | 80% | 1 | 0 |
| 525 Linc | Micro Studio | $1,908 | $57,240 | 80% | 1 | 0 |
| 525 Linc | SRO | $1,138 | $34,140 | 80% | 1 | 0 |
| Portside | 1-Bedroom | $2,800 | $84,000 | 150% | 2 | 0 |
| Heritage at Stone Ridge | 2-Bedroom | $2,100 | $63,000 | 80% | 1 | 0 |
| One Newcomb Place | Micro 1-Bedroom | $1,459 | $43,770 | 70% | 1 | 0 |
| One Newcomb Place | 3-Bedroom | $2,057 | $61,710 | 70% | 1 | 0 |
NEXT STEPS
Email: TheGuild@MaloneyProperties.com Phone: (617) 639-3064 Ext 774 | US Relay 711
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.
PROPERTY & COMMUNITY QUESTIONS / FAQ
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.
Email: TheGuild@MaloneyProperties.com