Casa Borinquen
79 W Brookline St
Boston, Suffolk County, Massachusetts 02118

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Funding Programs

Casa Borinquen was developed and operates with Federal housing financing. The property utilizes 2 Federal housing programs to make rent affordable to lower income tenants. These programs are Low Income Housing Tax Credit and Project Based Sec. 8.

Section 8

Casa Borinquen has a project-based Section 8 contract. 36 of the 36 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 July 23, 2004 and the contract expires on July 22, 2024. The Section 8 contract rent is 192.8% 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, $1,945.00 for Three Bedroom, and $2,148.00 for Four 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.

Low Income Housing Tax Credit

The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. The property received a tax credit allocation in 1988. The property was placed in service in 1988. 26 of 36 units at Casa Borinquen are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was located in a Qualified Census Tract and qualifying it for additional tax credit financing.

Overview

Casa Borinquen 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).

Casa Borinquen is an apartment community containing 36 rental units. The property contains 72 bedrooms and based on typical apartment occupancy limits, Casa Borinquen is home to not more than 135 persons when fully occupied.

Rent Subsidies

Casa Borinquen 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

Casa Borinquen contains a mix of 36 assisted one, two, three, and four bedroom apartments for rent. There are 18 One Bedroom, 6 Two Bedroom, 6 Three Bedroom, and 6 Four Bedroom apartments in this property. The unit mix is 50% One Bedroom, 17% Two Bedroom, 17% Three Bedroom, and 17% Four Bedroom apartment rentals. The average bedroom size for Casa Borinquen is 2.

Massachusetts's 7th

Congressional District

36

Total Units

26

Tax Credit Units

36

Project Based Sec. 8 Units

192.8

% of Fair Market Rent

22-Jul-24

Project Based Sec. 8 Contract Expiration

One, Two, Three, and Four

Unit Mix

2

Average Bedroom Size

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