A household who earns from $22,650 to $200,000 a year can be eligible for below market rate rents and purchase prices. That household could be yours.
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 with an income of at least $22,650 can rent a 30% AMI studio apartment for $470. Each AMI level raises the amount of rent.
Where Section 8 can be used, you get a price break.
See Income limits
View more charts here.
On the Market now
SALE: deadline for app is May 8th, 2019
Address: 11 Iffley Road, Jamaica Plain MA 02130
3BR, home for sale – 65% AMI $192,000 apply here
Rental: deadline to apply is May 15, 2019
Keystone Apartments, 151 Hallet Street Dorchester
Rent is 30% of your adjusted Gross Income
1 BR – restricted to elderly.
income limit. $56,000-$64,000 – APPLY
( 30% of $56,000/12 ) is the month rent
Affordable Housing Lottery
The Reserve at Burlington
20 Corporate Drive, Burlington, MA
Studios @ $1,293, 1BRs @ $1,470, 2BRs @ $1,632, 3BRs @ $1,792
Apply here before June 2019
*Rents subject to change.
Utilities not included.
Tenants will pay own Gas Heat, Gas Hot Water,
Electric Cooking, Electricity, Water and Sewer.