Affordable Rental Opportunity – One 1-Bedroom Unit, Melrose, MA
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Affordable Rental Housing Opportunity. One 1-Bedroom Unit available at 10 Corey Street, Melrose, MA – $1,427 per month.
Please see the flyer and application for more information.
The key milestones for this housing opportunity:
- Application Period opens Tuesday, January 16, 2024
- Application Deadline Tuesday, January 30, 2024 1PM
- Lottery Wednesday, February 7, 2024 at 11AM, via online meeting
– details for joining meeting provided to eligible applicants via email
Project description
The Corey Street development is conveniently located between the Wyoming Business District and downtown Melrose. The site is located within close proximity to the Wyoming Commuter Rail Station. In the immediate area of the project site, there are a variety of residential uses from single-family homes to large multifamily structures, both condominiums and apartments. Many of the structures are also mixed use, housing commercial spaces on the first floor and residential units on the upper floors. In addition to the commuter rail station, bus routes are present providing access to Oak Grove Station.
There are four (4) affordable units of the 40 total rental units – 2 one-bedroom and 2 two-bedroom apartments. There is one (1) unit currently available for rent and it is a one (1) bedroom unit.
The one-bedroom unit will feature one bath, living room, dining room and kitchen in an open floor plan with 635 of livable square footage. The apartment has laundry as well as fridge, dishwasher and microwave. All appliances and heat are electric. The affordable unit is the same size as the market rate units.
One open air parking space is available at no charge.
The affordable rental units offered in this project are Local Action Units under the Massachusetts Executive Office of Housing and Livable Communities (EOHLC) Local Initiative Program (LIP), with EOHLC and the City of Melrose as Monitoring Agents.
In accordance with the program guidelines, the initial monthly rent is established so that a household is not required to spend more than thirty percent (30%) of the monthly adjusted income, whose gross income equals eighty percent (80%) of the Boston Area Median Income (AMI) for a family for housing costs, including rent and utilities. The tenant will be responsible for payment of all utilities. Taking into consideration a utility allowance of $382, the initial rent for the 1 bedroom unit will be set at $1,427.
Please contact the agent below for any questions or to submit your application:
Jenicia Pontes
Regional Housing Services Office
37 Knox Trail, Acton, MA 01720
(978) 287-1091
JenP@rhsohousing.org
