Watertown Square Apartments
Watertown Square income-restricted apartment rentals, in Watertown, MA. These apartments are newly renovated homes with updated flooring and finishes, stainless steel appliances and stunning private terraces where you can enjoy the crisp fresh air. The community offers an array of amenities which includes a 24 hour fitness center and a movie screening room. Conveniently located around the corner from Watertown's Main Street and its amazing collection of dining, shopping and entertainment.
FEATURES
EV Charging Stations
Easy Highway and Transit Access
15-minutes to Dog Park
Reserved Parking
Business Center with iMacs
Resident Social Events
Extra Storage Available
24-hour Fitness Center
Access Controlled Community
Package Service with 24-hour Access
On-site Management
Wi-Fi in Common Areas
Zipcar Vehicles On-site
Bike Trails Across the Street
Leisure Nails Salon On-site
Comcast Gigabit Data Speed Available
NEIGHBORHOOD
Watertown Square Apartments is located in Watertown and on the site of the Paul Revere House. It is the perfect blend of city and suburban living. It's easy to hop on a bus from Watertown to downtown Boston in 20 minutes, or hop on the Mass Pike and drive into the city. Watertown residents have plenty of options outside Boston city limits, too. Whether you'd like to walk along the Charles River trails and take in the changing seasons, or head down to Watertown's Main Street and visit the local businesses and restaurants, your opportunities are endless.
FIRST COME, FIRST SERVED / PROCESS
Please note, this is not a lottery. Applications for Watertown Square Apartments 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
Watertown Square 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).
- Program: 40B
- Number of Income-Restricted Apartments: 13
- Apartment Sizes: Studio, 1-Bedroom, 2-Bedroom
- Income-Restricted, ADA-Accessible Apartments: N/A
- Maximum Income Limits: 70% and 90% AMI (Area Median Income) — Based on HUD Limits
- Asset Limit: No asset limit for 40B.
| Household Size | 70% AMI | 90% AMI |
|---|---|---|
| 1 | $78,841 | $101,367 |
| 2 | $90,104 | $115,848 |
| 3 | $101,367 | $130,329 |
| 4 | $112,630 | $144,810 |
| 5 | $121,640 | $156,395 |
| 6 | $130,651 | $167,980 |
Current Rental Availability
NEXT STEPS
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
What utilities are included in the rent? No utilities included. Tenants pay for electric, gas, water and sewer.
Is the stove electric or gas? – Gas
Is the washer/dryer included? Yes – Gas
Is parking available? Yes – Resident parking is assigned underground parking. Affordable residents receive the first space free. Additional spaces are $125 per month.
Is storage available? Yes – $35 per month
What is the pet policy? Max 3 pets per unit. Breed restrictions apply.
Is there a monthly pet fee? Dogs are $75/month & cats are $50/month. $250 pet deposit.
What is due at Lease Signing? 1st month’s rent + security deposit + $750 up to a full month’s rent + $54 non refundable key fee
If you have questions about this property, please contact us.
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