Anderson Park
250 Cambridge St
Boston, Suffolk County, Massachusetts 02114

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Funding Programs

Anderson Park was developed and operates with Federal housing financing. The property utilizes the Project Based Sec. 8 Federal housing program to make rent affordable to lower income tenants.

Section 8

Anderson Park has a project-based Section 8 contract. 64 of the 64 total units at the property receive Section 8 assistance. This means that 100% of the renter households in the property pay no more than 30% of their adjusted income for rent.

The current Section 8 contract was effective on April 01, 1979 and the contract expires on March 31, 2019. The Section 8 contract rent is 207.1% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,261.00 for One Bedroom, $1,567.00 for Two Bedroom, and $1,945.00 for Three Bedroom.

44% of Massachusetts properties and 26% of all properties across the country have Section 8 rental subsidies. See the Rent Subsidies section for more.

Overview

Anderson Park is an affordable apartment community located in Boston, Massachusetts which is located in Suffolk County. The property is located in Massachusetts's 7th Congressional District served by Representative Michael Capuano (D), Senator Elizabeth Warren (D) and Senator Edward Markey (D).

Anderson Park is an apartment community containing 64 rental units. The property contains 98 bedrooms and based on typical apartment occupancy limits, Anderson Park is home to not more than 180 persons when fully occupied.

Rent Subsidies

Anderson Park provides rental subsidies to renters. The type of subsidy provided to apartment renters in Boston, MA by this property is Project Based Sec. 8.

This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays the difference. To qualify, a renter must earn 50% or less of the Area Median Income.

There is a minimum rent payment of not less than $25 and as much as $50 for all subsidy recipients at this property. That means that even if a renter has zero income, they will still be required to pay rent. In recent years, there have been various legislative proposals to increase the Section 8 minimum rent but advocates make the valid point that minimum rents affect the poorest of the poor.

Unit Mix

Anderson Park contains a mix of 64 assisted one, two, and three bedroom apartments for rent. There are 32 One Bedroom, 30 Two Bedroom, and 2 Three Bedroom apartments in this property. The unit mix is 50% One Bedroom, 47% Two Bedroom, and 3% Three Bedroom apartment rentals. The average bedroom size for Anderson Park is 1.53.

Massachusetts's 7th

Congressional District

64

Total Units

64

Project Based Sec. 8 Units

207.1

% of Fair Market Rent

31-Mar-19

Project Based Sec. 8 Contract Expiration

One, Two, and Three

Unit Mix

1.53

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data