Casa Maria
130 Endicott St
Boston, Suffolk County, Massachusetts 02113

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Funding Programs

Casa Maria 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 Section 202.

Section 202

The property was developed with funding through the HUD Section 202 program which provides funding for housing for seniors who are 62 or older. The program provided both capital financing to construct the property and operating subsidies that work as rental assistance like the Section 8 program. Casa Maria is among only 209 Section 202 properties in Massachusetts and 6,166 in the country.

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 8888. 82 of 85 units at Casa Maria are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.

Overview

Casa Maria 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 Maria is an apartment community containing 85 rental units. The property contains 92 bedrooms and based on typical apartment occupancy limits, Casa Maria is home to not more than 151 persons when fully occupied.

Rent Subsidies

Casa Maria provides rental subsidies to renters. The type of subsidy provided to apartment renters in Boston, MA by this property is Section 202 Rental Assistance.

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 no minimum rent at this property for residents receiving a rent subsidy but in recent years, there has been discussions in Congress to implement a minimum rent in the Section 202 Program to reduce cost burden on the Federal budget.

Unit Mix

Casa Maria contains a mix of 85 assisted studio, one, and two bedroom apartments for rent. There are 3 Studio, 72 One Bedroom, and 10 Two Bedroom apartments in this property. The unit mix is 4% Studio, 85% One Bedroom, and 12% Two Bedroom apartment rentals. The average bedroom size for Casa Maria is 1.08.

Massachusetts's 7th

Congressional District

85

Total Units

82

Tax Credit Units

85

Project Based Sec. 8 Units

85

Section 202 Units

85

Senior Units

100

% of Fair Market Rent

16-Jun-30

Project Based Sec. 8 Contract Expiration

Studio, One, and Two

Unit Mix

1.08

Average Bedroom Size

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