Tag: lottery

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Why the rents you see for income-based rental apartments are what they are.

Income and rents

  • At Somerville’s Kent Street Apartments, a 100% affordable community, certain income restrictions apply. For homes without rental assistance/subsidy, there is a 2.5x the monthly rent gross monthly income minimum.  Example: If the apartment rents for $1,400 they look for incomes of $3,500 per month which is approximately $834 dollars per week. click to open the  Kent Street apartment application. 
  • Call (617) 996-7117 and our Help Desk operator will tell you how to start receiving lottery applications wherever you are on your cellphone when you want them.  

What is a rental subsidy?

  • A rental subsidy may be offered by the rental assistance programs that offer financial aid to help low-income persons rent apartments other than apartments in public housing developments.
  • Elderly, handicapped and low-income families can reduce rents when they have qualifying disabilities. Use the the CHAMP APPLICATION.
  • The  Section 8 Housing Choice Voucher Program (HCVP) is a housing subsidy. It reduces rents showing on price charts. When you qualify you also reduce the amount of DEPOSITS you may be required to post.
  • The Massachusetts Rental Voucher Program (MRVP) subsidy comes from Massachusetts state. 
  • The Alternative Housing Voucher Program (AHVP) subsidy comes from Massachusetts State. You apply thru an agency. You will go on a waitlist. Once an applicant reaches the top of the waiting list, the applicant will be contacted and provided an orientation on all aspects of the program.  If all is well the applicant receives an AHVP Voucher. They will have 120 days to locate appropriate housing. The AHVP voucher is valid in Massachusetts only.

How many people might apply to a lottery?

When the  Uphams Crossing in Dorchester, MA went to market  there were 80 affordable apartments. The landlord sent out 5,000 applications to housing lottery applicants. 3,300 hopefuls returned applications. 80 of them won the lottery and were offered a chance to move in.  

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Cambridge affordable housing opportunities

City Hall Cambridge

City of Cambridge affordable housing is owned by non-profits,  Town Hall, and there are privately-owned affordable housing units. Low income applicants are charged 30% of their income for rent when selected into the program.  The Community Development Department (CDD) is accepting Preliminary Applications.  To be considered into the Inclusionary Housing Rental Program you must apply.  You can view the eligibility requirements here and download the application. 

Housing in the Middle-Income program is for households with an income between $60,000 to $100,000. The Maximum Income Program allows incomes between $90,000 and $150,000.

A number of departments and organizations are building and renting affordable housing in the City of Cambridge. Click here to view the list.

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THREADMARK on track to open after fire.

Threadmark to re-open soon after fire.  Here’s a look at the rental rates units at Threadmark will be going for when it re-opens after the fire.

Studio $515, $1030 and $1056.00 per month depending on your income.

1BR lottery rent rate is $552, $1104 or $1261.00 depending on income.

2BR lottery rent is $662, $1324 and $1,567 depending on income.

* Lottery rent rates only are being shown.
No other sizes are listed for lottery.

Thirty-five rent reduced apartments were offered by lottery.

INCOME LIMITS WERE:

Household size of 1 person with  income between $20,610 and $41,220 qualify for lottery.

Two person households with conbined Income between $23,550 and $47,100 qualify for lottery.

Three person households with combined income between $26,490 and $52,980 qualify to for lottery.

The sales sheet offers units to Household (HH) sizes of four  to six persons for  income steps from $29,430 to $68,280 at upper limits  by HH size.

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