Posted on

Good government mission for the affordable housing consumer.

BEVERLY Studio floorplan

The City of Boston can rightfully brag that it does better than most cities in the US when addressing the need for affordable housing inventory,

Take this message contained in the Boston Mayor’s State of the City 2019 speech where he said …

” We are committed to leaving no one behind. In Boston we’ve created more affordable homes than any time on record. We’ll create 1,000 new homeowners in the next five years by building more affordable homes and providing more financial help. We’ve housed over 1,600 chronically homeless people. A year ago we launched the Boston’s Way Home Fund and set a goal of raising $10 million over 4 years for supportive housing. After just 1 year, we have already raised $5 million.”


Housing policy wonks say the claim rings true, that Boston has put a larger “percentage of affordable rentals” on the market than most other cities of its size in the U.S, in recent years.

But the devil is in the details.

Politics is about the control of limited resources.  Land and money are limited resources. It takes both to create a housing unit, be it an expensive luxury apartment building or an affordable building of similar size.

And because land and money are limited, there may or will NEVER be enough affordable housing to meet everyone’s need in urban areas. Let’s face it. A substantial number of people have limited incomes. Its just the way it is.

What a housing lottery really is

A democracy is a hard thing to administer, therefore its political leadership invented THE HOUSING LOTTERY as an attempt to be fair.  This works for a lot of people. But when there are 6,000 applicants for a workforce priced building unit that has  200 openings, then the policy has not worked for 5,800 people who applied for the units.

This was the case at THE BEVERLY, a downtown Boston building near the North End that demonstrates an interesting way to fairly treat the pre-qualified affordable housing consumer. See chart below for the affordable rental rates in that new modern complex.

The Beverly’s affordable-housing units were offered in a housing lottery to households with annual incomes of $17,578 to $60,000, according to the developer. Rents were to start at $492 a month depending on income. It is a LUXURY apartment building complex that has 239 units. It offered 66 Affordable Price units in chart below.

Numbers like these are repeated at most Housing Lottery opportunities. But there is good news in the mix. When a building full of condos for sale to the income-restricted went to market with 11 available units, only 18 lottery applications were received by management.

Eleven people won a unit of 18 that applied. Probably, some of those 18 applications were rejected for technical reasons as they usually are.

 We spoke to one of the winners – a coffee shop manager in the Seaport. He said when it put in his application he didn’t expect to win,  but he thought “what do I have to lose” he said. The move enabled him to save hundreds of dollars a month less the going market rate. 

The $5 billion city plan

If Boston had won the Amazon Headquarters II  deal opportunity that plan called for the new construction of housing to meet the needs of  50,000 employees.  AMAZON valued the deal at $5 Billion 

Do you want to know who was going to build that new housing?  Guess no more, we have the document.
Click here to read it.

This writer would like to think that a BEVERLY-like solution with the scale of the Amazon buildout can be constructed.  The Affordable Housing industry uses a rough figure of $400,000 each to build a unit to meet standard requirements in urban areas. That cost is all inclusive of land, construction materials, finance cost, labor and all that. 

If it cost $400,000 a unit and there are 50,000 people looking to access affordable housing at the BEVERLY  income ranges stated above, then there is cash to work with. It would cost $20 Billion to build 50,000 affordable price units. 

The Beverly rent rates
at the 2018 lottery closing

Would an extra 50,000 affordable housing units take the pressure off? You bet it will! If you divided the $20B construction cost of 50,000 new units by the 50,000 people now in the market looking for a unit, you’ll arrive at a figure of $40,000 per person.

This simple math can be looked at any way you want, but from the calculations,  there appears to be enough regular cash flow coming from 50,000 renters to pay off the $20B construction cost, while holding tenant monthly housing cost to an amount no more than 40% income all inclusive. The Beverly affordable rent range started at $492/mo and ended somewhere north of $2,000 per unit scaled to income.

Eminent domain property taking is necessary to put up a new apartment complex of this magnitude. Boston mayors have unusual powers. They are tremendous.  

What does financing $20B over 15 years look like? Chances are with all the rent coming in against it, there would be a profit to be taken that can pay for building a few more 50,000 affordable unit packages where they need to go.  Look around Boston, don’t disturb the greenspace and figure how to do it. 

Letter from the Publisher
Smallwall.net
@movef Tweets

Posted on

Get your papers in soon for these housing lotteries.

Housing lottery units

Housing lotteries in Boston and Massachusetts will continue to offer apartments, condos and homes at reduced market rate prices to eligible applicants.  More are available in Brighton, Dorchester, South Boston, Roxbury and many other neighborhoods.

FYI: The most important links are the INFO links.

Alexan Wrentham – 
5 Ledgeview Way, Wrentham, MA 02093
Applications Available: 
Deadline:  February 26, 2019 at 2:00 PM
Lottery InfoLottery Info PacketLottery Application


Mayflower Manor
84 South Main Street, Middleborough, MA 02346
Applications Available:
Deadline: January 7, 2019 at 2:00 PM
Lottery InfoLottery Info PacketLottery Application

WAITLIST OPENINGS

100 Pier 4
100 Pier Four Boulevard
South Boston, MA 02210
(1) 1 Bedroom – $1,459
(2) 2 Bedroom – $1,667
Income Restricted at 70% AMI
First Come, First Served
Available Mid-February 2019
South Boston Rental Info


HUB25
25 Morrissey Boulevard, Dorchester, MA 02125
Studio – $1,094
Income Restricted at 70% AMI
Note: Waitlist is Open from 1/2/19 to 1/21/19
Rental Waitlist – Open; Dorchester Waitlist Info


Flats at 22
22 Gerrish Avenue, Chelsea, MA 02150
3 Bedroom – $1,450
Income Restricted at 60% AMI
First Come, First Served
Available March 2019
Chelsea Rental Info



2 BR Condo in Dorchester
21 Ferndale Street #2B, Dorchester, MA 02124
2 BR Condo Resale – $199,000
First Come, First Served
 Dorchester Resale Info

3 BR Condo in Dorchester
459 Columbia Road #2, Dorchester, MA 02125
3 BR Condo Resale – $243,396
First Come, First Served
Dorchester Resale Info

2 BR Condo in Jamaica Plain
285 Heath Street #285
Jamaica Plain, MA 02130
2 BR Condo Resale – $430,000
First Come, First Served
 Jamaica Plain Resale Info

Posted on

Twenty-three income restricted apartments open in Charleston

Hey! The Boston Planning & Development Agency (BPDA) Income Restricted Rental Opportunity announces that 480 Rutherford Avenue, Charlestown, MA 02129 is offering 23 Income Restricted Apartments. 

It’s a Housing Lottery. Apply Online.
INFORMATION

Households may request an application to be sent by email or mail from

Wednesday, Dec 5, 2018 – Friday, Dec 14, 2018

Apply Online

call: 781-992-5310

email your mailing address480Rutherford@maloneyproperties.com

480hood-charleston400

Posted on

These software apps help tenants manage Landlord problems.

Renters in New York are no different than Boston renters except they get less for their money.  This could be why volunteer software coders in New York  meet on a regular basis to make software apps for  tenants who have landlord problems.

One records renter problems with heat to help report bad landlords. https://heatseek.org/history/

Another one tracks buildings going through displacement. www.displacementalert.org

The app Who owns What helps tenants find exactly who owns buildings and rentable properties no matter how many LLC corporations the owners hide behind It does data science to compare common data between various public records.

Posted on

December 1 rolls in dozens of new affordable rental apartments to apply for.

Some can cover the rents for these affordable rental apartments and some cannot. But here’s the good news.  You’ll see rent rates and applications you need to apply with. There are brand new Studio and 1BR apartments that rent for $470 and $547 if you are homeless when you apply.

 The address is 206 West Broadway in South Boston – CLICK TO GET THE APPLICATION.

These units are on the radar of social service agencies and social workers. You must have someone certify you as homeless to get those rates.

Affordable units in the building rent for $1,094 to the non-homeless.  Double that figure to $2,200 or more if your income supports a market rate spend in that building.

CLICK THE LOTTERY INFO OR LOTTERY APPLICATION LINKS BELOW
MetroList entries

80 Rutherford – NEW THIS WEEK
480 Rutherford Avenue, Charlestown, MA 02129

  • Applications Available: December 5, 2018 – December 14, 2018
  • Application Deadline: December 21, 2018
  • Lottery Info

Liberty Tree Lofts – NEW THIS WEEK
630 Washington Street, Chinatown, MA 02111

  • Applications Available: December 5, 2018 – December 14, 2018
  • Application Deadline: December 21, 2018
  • Lottery Info

Warren House – NEW THIS WEEK
1600 Washington Street, West Newton, MA 02465

  • Applications Available: November 26, 2018 – December 10, 2018 at 12:00
  • Application Deadline: December 10, 2018 at 4:00 PM
  • Lottery InfoLottery Application

SMOC Baker Street – NEW THIS WEEK
Baker Street, Foxborough, MA 01702

  • Applications Available: December 3, 2018 – January 4, 2019
  • Application Deadline: January 4, 2019 at 5:00 PM
  • Rental Waitlist Reopening; Rental Waitlist Lottery Info

Sylvan – NEW THIS WEEK
114 Sylvan Street, Danvers, MA 01923

Riverview Meadows – NEW THIS WEEK
One Meadow Drive, Raynham, MA 02767

1943 DOT Ave
1943 Dorchester Ave, Dorchester, MA 02124

  • Applications Available: November 26, 2018 – December 10, 2018
  • Application Deadline: December 10, 2018
  • Lottery Info

 

WAITLIST – Click The Rental Info links for best results

Granite Lena Park Apartments – NEW THIS WEEK
754 Blue Hill Avenue, Dorchester, MA 02121

  • (2) 2 Bedroom – Rent Based on 30% Gross Income
  • Note: Income Restricted at 30% AMI
  • First Come, First Served; Available December 2018; Dorchester Rental Info

Douglass Park – NEW THIS WEEK
801 Tremont Street, South End, MA 02118

  • 1 Bedroom – $1,400
  • Income Restricted at 80% AMI
  • First Come, First Served; Available December 2018; South End Rental Info

Harborview at the Navy Yard – NEW THIS WEEK
250 First Avenue, Charlestown, MA 02129

  • 2 Bedroom – $2,150
  • Income Restricted at 120% AMI 
  • First Come, First Served; Available Mid-December 2018; Charlestown Rental Info

Savin Hill Apartments
130 Auckland Street, Dorchester, MA 02125

  • 1 Bedroom – Rent Based on 30% Gross Income
  • 3 Bedroom – Rent Based on 30% Gross Income
  • Income Restricted at 50% AMI 
  • Note: Savin Hill Apartments is an elderly / disabled community. In order to qualify, an individual must be at least 62 years of age or older or a non-elderly person between the ages of 18 and 61 who is disabled. Both units are handicap accessible.
  • First Come, First Served; Available December 2018; Dorchester Rental Info
Posted on

Section 8 and affordable apts offer list with phones.

Using HousingWorks.net search criteria  “Section 8 or no Sec 8, Wait List, 1BR, Zip Codes within 30 miles of the South End, Voucher discount housing and other Affordable Housing status categories,” a report showing  687 property management contacts as of April 10, 2018 can be viewed here on Smallwall.net sourced from the Boston based HousingWorks database online.

Click: www.dropbox.com/s/wz53e2jdk97jpv6/sec8-2018.pdf

The report is a search helper. It is NOT the solution to everyone’s quest for affordable housing.

A theory we have is that equal amounts of affordable rentals stock exists in unknowable  places— unknowable to the internet and government data sources, unknowable to housing advocates  and Craigslist. Time will tell if we are right.

Click:  www.dropbox.com/s/wz53e2jdk97jpv6/sec8-2018.pdf

Here’s what happened when I called the first four on the list.

1st on the list — RTH shows  Waitlist is open. An answering service takes a message. ( update) They reliably us called back today. Found out they hold properties for rent based incomes in the Fenway, Huntington  Ave and Brigham Circle area.  No vacancy today, WaitList is encouraged.

2nd— The One Greenway listed office answered and directed  me to a web site where an affordable apartment lottery  is going to happen soon at 450 Cambridge  Street. The call was worth it,

3rd on the list — Kendall Company answered, said a vacancy is immediately avail. Said appointments  are being taken now for a  2 BR for $3,400 rent.  When  I asked about Affordable they said “absolutely have this—go to the Cambridge Housing Authority and apply to waitlist.” So this is a Mahoney Properties operation who are major processors of income restricted and market rate units. So that’s why their waitlist go to the HAs. They are contracted by Housing Authorities to hold sales and lotteries.

If a waitlist is held by a private owner, not the HA, your wait will likely be shorter.

Tip: Depending on your situation, it could take from 1 month to 5 years to get an offer by waitlist.

Learn if you qualify to apply as a person with Special Needs Categories such as: Veterans, Seniors, homeless, battered women, disabled/handicapped or other. There are over 25 classifications of applicant categories.

The 4th listed  contact number was disconnected.

 

more later ….,.,

Posted on

Public Housing Authority Brief for Massachussetts Wait List Openings

HousingWorks is a service that lets you locate AND APPLY TO subsidized and affordable housing options in one sweep

There are OPEN Waitlists in almost every Massachusetts county says Housingworks!

HousingWorks specializes in 30% of incone is your rent charge subsidized housing. Public Housing Authorities (PHA) have it.

There are over 200 PHAs in Massachusetts Cities and Towns.

If your income is extremely low. If you can move to anywhere a PHA has an opening, inform your case worker to use HW.

They can input your application electronically.

Click to search ♥ HousingWorks.net.

 

Posted on

Are you eligible for an Affordable Apartment. Yes, you probably are. Here’s why.

Income Limits for Affordable housing

The eligible individual or household who qualifies to receive massive discounts when renting apartments in Massachusetts is not so hard to find. That person is probably you. Here’s why.  Your Income Matters.  The Federal Housing and Urban Development Department established income guidelines for every region of the United States. These regulations are used to fix rental prices to what properties rent and sell for.   The rules created an Income Eligibility Chart. In most of Massachusetts and the Metro Boston area, a household of one with an income between $20,000 and  $68,000 to is eligibile for most offers. The numbers go up when you have more than one person in your household.

Click to View the income limit chart

Click to view a list of affordable rental apartment lotteries.

Condo sales included. Digital download format: PDF.  You can view property sheets and rental contacts accepting applications.  Covers Greater Boston and Massachusetts properties.