Applications Now Open for Nine Income-Restricted Apartments at 154 Broadway
Application Period Closes at 5 p.m. on Thursday, August 1, 2024
Mayor Katjana Ballantyne and the Somerville Office of Strategic Planning and Community Development (OSPCD) are pleased to announce that applications are currently being accepted for nine (9) income-restricted apartments at The Guild, located at 154 Broadway. Applications will be accepted until 5 p.m. on Thursday, August 1.
The Guild consists of nine inclusionary rental units designated for households making at or below 50% AMI, 80% AMI or 110% AMI (Area Median Income). Please note that no utilities included in rent. All utilities are paid for by the tenant (gas is not a utility at this property).
All applications will be reviewed by Maloney Properties. To download an application and learn more, please visit The Guild’s website.
Please see below for more information on the units available.
| # of Units | Unit Size | Square Feet | AMI | Rent | # Built Out for Mobility Impairments | # Built Out for Hearing Impairments |
| 3 | Studio | 385-440 | 50% | $748 | 1 | |
| 1 | Three-Bedroom | 1,123 | 50% | $874 | 3 | |
| 3 | Studio | 356-448 | 51-80% | $1,418 | ||
| 1 | Studio | 440 | 81-110% | $2,088 | ||
| 1 | Three-Bedroom | 1,121 | 81-110% | $2,884 |
| Minimum Income Limits for 50% AMI | ||
| Unit Size | AMI | Household |
| Studio | 50% | $21,442 |
| Three-Bedroom | 50% | $32,163 |
| Maximum Income Limits (Set by HUD, Based on Household Size and AMI | |||
| Household Size | 50% AMI | 51-80% AMI | 81-110% AMI |
| 1 | $57,100 | $57,101-$91,200 | $91,201-$125,164 |
| 2 | $65,300 | $65,301-$104,200 | $104,201-$143,616 |
| 3 | $73,450 | $73,451-$117,250 | $117,251-$161,568 |
| 4 | $81,600 | $81,601-$130,250 | $130,251-$179,520 |
| 5 | $88,150 | $88,151-$140,700 | $140,701-$193,882 |
| 6 | $94,700 | $94,701-$151,100 | $151,101-$208,243 |
**2024 Area Media Income for the Boston, Quincy, Cambridge, Quincy, MA-NH MSA
Persons with disabilities who need auxiliary aids and services for effective communication (i.e., CART, ASL), written materials in alternative formats, or reasonable modifications in policies and procedures in order to access the programs, activities, and meetings of the City of Somerville should please contact Adrienne Pomeroy at 617-625-6600 x2509 or ADA@somervillema.gov.
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