We provide housing leads to affordable housing lottery rental apartments and income-restricted rental apartments offering cheap apartment rentals for income qualified, low and moderate income earners. For shoppers of affordable homes and condos, you'll find deals in the package. A wide range of properties are available. Chances are, you will qualify to rent or purchase some.
The Affordable Housing Leads Package Includes:
- apartment lottery lists - mixed-income apartment complex locations - Section 8 locations accepting applications now - other affordable housing lead lists
About affordable Housing Rents and purchase prices
AFFORDABLE rents and affordable home prices are set by local government policy. Prices are set below market rates. The units you rent or buy are usually in developments where commercial priced units are. A housing grant is product used by housing authorities to reduce the commerical price of homes sold to income-restricted earners. Renters with state or federal approved housing vouchers have rents reduced to 30% of their income.
Income restricted rents and affordable rated rents start around $800/month for STUDIO. 1 Bedroom rentals typically are $950 - $1200. Rents hover around $1,498 for a 3BR. There are tens of thousands of income-restricted rental units available across the state. Request the Lead package above and apply to them.
There are a lot of people submitting applications to property managers for every housing lottery they hold. Demand for low rent and below market home sales prices is higher than ever! But, a double-digit percentage of applicants are seeing their applications trashed due to missing and incomplete information.
Tens of thousands of older apartments are also priced to rent below market prices. People are living in them but they also move out. Units in some buildings turn over every month. There are vacancies across the state. Your MUST put your name on WAIT LIST.
Recently, there were $400/mo rentals being offered in Lowell and Lynn, Massachusetts. The Town of Fitchburg has deals for qualified income-restricked applicants. The $800 studio apartments at Ashmont's Treadmark. The Ink Block affordable apartments rented for $1,300. The Fenway community had several luxury high-rise apartments renting to income restricted applicants.
The Jamaicaway had condos for $161k where market rates units beside them were $400k. Brookline popped some affordables on the market. There was the North End's Avalon Apartments and cheap apt units in South Boston, Jamaica Plain, Allston, Lowell, Cambridge, Fitchburg - when we say "cheap" we are talking about the government regulated reduced price commercial units rented to income restricted households ( where your incomes are between $20K - $106K). There were housing deals offering grants that substantially brought prices down in the Town of Marshfield. The Town of Randolph, via CRUZ COMPANIES has a development underway for over 50 affordable 2BR units, just getting started. Mattapan Square is bringing up some.
How do you win in an apartment lottery?
Get the lottery application for an address you want to live at and apply asap. Pay special attention to the "preferences" section and try to meet one or more of those objectives if they exists. Make sure your household income pre-qualifies you to enter that particular lottery. An apartment lottery and restricted-income properties for rent or purchase have income maximums you cannot exceed. Supply a completed lottery application by the deadline. If you don't get confirmation that they got it, get confirmation from that office or send the app in via certified US Postal requesting a signature.
Lottery Preferences may indicate:
there is preference for handicapped or disabled
there is preference for extremely low income
there is a preference for homeless parent with kids in a shelter
there is a preference for an Urban Renewal displacee ( get the letter )
there is a preference for veteran, HIV, or senior citizens
there is a preference for a resident of that town
preferences for first time homebuyers
and NONE of preferences ABOVE may apply in a lottery
Write clearly on the application form. Send it certified mail to the property manager. Track your email, expect a receipt if you emailed it. Verify with the office that your application was received. They can lose them. Study the Preferences of the lottery you are applying for. Meet every preference objective you can qualify for. Return any and all requested documentation on a very very timely manner. Make yourself known, if possible, to the office who is conducting the lottery. Ask around for a housing advocate if you cannot handle the application yourself.
People think the apartment lottery are just for poor people but nothing could be further from the truth. When you consider the starting salaries many a college grad has to work with, you can bet they more than likely will qualify for income restricted units as well. So there are low income ranges and middle income ranges. Each lottery is different and sometimes there is a preference that gives you an advantage. Lottery Preferences may be:
The source of this information is the Citizen's Housing and Planning Association of Massachusetts. Citizens’ Housing and Planning Association’s mission is to encourage the production and preservation of housing that is affordable to low and moderate income families and individuals and to foster diverse and sustainable communities through planning and community development. Affordable homes across the state are marketed and sold by a number of developers. Listings are voluntarily added.
"STUDIO" is the most popular apartment related Google search term in Boston metro.
Boston Public Housing Authority Numbers ( BHA )
The Boston Housing Authority (BHA) has more public housing applicants than there are available units. Applicants are asked to choose their preferred building locations. These waiting list may be 1,500 to 10,000 persons who are looking for an opening. To get on a public housing wait list, you have to be eligible and it could take as long as 10 weeks to 5 years for the BHA to verify an applicant's eligibility.
Mothers with children who live in homeless shelters receive priority placements.
a reported 40,000 people are on wait lists for public housing in Boston
Sales Prices for Homes and Condos
Affordable Home Sales are on the up and up. More and more brokers are starting to offer them because there is not much else on the market to sell for big commissions.
The average sales price is changing. Stay tuned for more info about average sales prices for homes and condos in the area. New numbers are out and we'll add them before May 2017.
Lofts at Lower Mills, 1245 Adams Street, Dorchester, MA. Rental/Sale: Ownership - first time homebuyers, Prefer City of Boston Residents, Households with at least 1 person per bedroom, just 1 unit avail, 2 Bedroom - $181,400. (978) 456-8388
BRA Made - This Boston Redevelopment Authority affordable condo opportunity was offered for $250,000 - income limited to $66,000 annual. Its at Porter 156 Lofts in East Boston. Its has a large concept space with open floor plan and a 161 sq ft second floor loft area for bedroom or office. Has 16 foot high ceilings, includes a roof deck terrace. The listing was being offered by (978) 790-4381. A 4.5% mortgage will cost you about $1230 a month plus annual taxes of around $3,000 and condo fees of $160/mo
Home Buy News
Olmstead Green 3 Bedroom townhouses start at $202,000 to buy.
Advertise your homes and apartment here. Private owners and companies are being served and we have plenty of leads for you. Contact us at 617-942-1301.
Deciding on where to live
To get a feel for the everyday neighborhood vibe you are considering, we suggest you go to the addresses of the housing and just hang around as long as you can. Visit the corner store, the laundromat. Notice what people do around you. Do strangers make eye contact?
See Any kids? Any bicycles or signs of life? Go there when school is letting out which is around 3:30pm for most places. Or at 6:00 when people start to arrive home from work and see who says hello. Try out the area in the morning when people go to work and check it out too. This will tell you a lot about the neighborhood.
Luxury Apartment Profiles
Foreign investors pay cash for Boston luxury apartments driving up pricing to bid levels over and above listed pricing. The Rose Kennedy Greenway area used to be a ghost town, but that's all changed. Luxury apartment pricing starts at $1 million for condos.
Boston ranks #5 among the richest cities in America. Fifty-percent of all the new luxury apartment/condo high-rises in the downtown area are being snapped up by foreign investors who pay cash money - often paying more than the listed price.
Millennial Housing Stock
micro-unit Apartment Profiles
Rents ranging from $1,699 for a 374-square foot unit to $2,450 for 597 square feet is the going micro-apartment market-rate at FACTORY 63 with heat and central air for $30 electric bill. ( www.factory63.com ) is in the Innovation District on Melcher Street near Boston Harbor.
Neighbors are likely to be well-paid singles in loft-style apartments fit for programmers, artists and entrepreneurs who don't mind sharing common areas like "showers? - are you kidding me!
What does affordable housing mean?
INCOME ELIGIBLE means your household income has to be below the charted levels. AMI is Adjusted Median Income and there's a chart for that. LOTTERY means you compete against others who are qualified and are chosen by chance. WAITING LIST are used to show people units that are open or due to come available as people who have been living there are ready to move out.
AFFORDABLE HOUSING means different things to different people but the terminology is based on a calculation. SEE the AMI or Adjusted Median Income Chart below on this page for an idea of how your household income affects rates you may qualify for.