Vavel Apartments
Vavel Apartments is a residential development located at 602 Loring Avenue in Salem, MA. It consists of 20 total apartments, all of which are 2-Bedroom units. 2 units will be designated as affordable units and monitored through the City of Salem and Department of Housing and Community Development (DHCD). The units will be rented to households earning at or less than the 80% Area Median Income (AMI) based on the Boston, Cambridge, Quincy, MA-NH MSA income limits.
Unit 106:
Unit 202:
FEATURES
Elevator
Fitness Center
Mail & Package Room
Underground Garage
EV Charging Stations (in every garage parking space)
NEIGHBORHOOD
Vavel Apartments is located near Vinnin Square. It is located in downtown Salem, near many restaurants and shopping options.
FIRST COME, FIRST SERVED / PROCESS
Please note, this is not a lottery. Applications for Vavel Apartments are processed on a first come, first served basis, as apartments become available.
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
Vavel Apartments 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: 40B
- Number of Income-Restricted Apartments: 2
- Apartment Sizes: 2-Bedroom
- Income-Restricted, ADA-Accessible Apartments: 0
- Maximum Income Limit: 80% AMI (Area Median Income) — Based on HUD Limits
- Asset Limit: No asset limit for 40B
Current Rental Availability
2026 HUD Income Limits
| Household Size | 50% | 60% | 65% | 80% | 120% |
|---|---|---|---|---|---|
| 1 Person | $60,000 | $72,000 | $78,000 | $96,000 | $138,264 |
| 2 Person | $68,600 | $82,320 | $89,180 | $109,700 | $158,016 |
| 3 Person | $77, 150 | $92,580 | $100,295 | $123,400 | $177,768 |
| 4 Person | $85,700 | $98,760 | $111,410 | $137,100 | $197,520 |
| 5 Person | $92,600 | $111,120 | 120,380 | $148,100 | $213,322 |
| 6 Person | $99,450 | $119,340 | 129,285 | $159,050 | $229,123 |
NEXT STEPS
Email: Vavel@MaloneyProperties.com Phone: (617) 639-3064 Ext 780
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 under 18 and other dependents in school full-time is not counted the same as other sources of income. Any such earnings above $480 in annual income would not be counted towards the income limit.
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 utilities are included in the rent? None. Tenants are responsible for all utilities including cable & internet.
Is the stove electric or gas? Electric.
Is the washer/dryer included? Yes. In-unit.
Is parking available? There are 22 garage spaces within the building and 12 surface parking spaces. Every garage space has EV charging capabilities.
Is storage available? Additional storage is available for $40/month.
What is the pet policy? One small dog per apartment is permitted for $65/month. Fee does not apply to documented service animals. Small dog, breed and weight restrictions apply.
If you have additional questions about this property, please contact us.
Email: Vavel@MaloneyProperties.com
