Concord Houses
715 Tremont St
Boston, Suffolk County, Massachusetts 02118

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About The Property:

Welcome to Concord House! We offer spacious one, two, three and four bedroom units in a peace full non-smoking community.

Unit Information

Unit Bed/Bath Rent
One Bedroom 1/1 $
Two Bedroom 2/1 $
Three Bedroom 3/2 $
Four Bedroom 4/2 $

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Window Coverings
  • Carpet
  • Refrigerator

Nearby Amenities

  • Close to Dining
  • Close to Public Transportation
  • Close to Shopping
  • Near Schools

Funding Programs

Concord Houses 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

Concord Houses has a project-based Section 8 contract. 72 of the 181 total units at the property receive Section 8 assistance. This means that 40% 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 December 08, 1975 and the contract expires on March 01, 2016. The Section 8 contract rent is 67.7% 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.

Overview

Concord Houses 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).

Concord Houses is an apartment community containing 72 rental units. The property contains 100 bedrooms and based on typical apartment occupancy limits, Concord Houses is home to not more than 172 persons when fully occupied.

Rent Subsidies

Concord Houses 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

Concord Houses contains a mix of 72 assisted one, two, three, and four bedroom apartments for rent. There are 56 One Bedroom, 6 Two Bedroom, 8 Three Bedroom, and 2 Four Bedroom apartments in this property. The unit mix is 78% One Bedroom, 8% Two Bedroom, 11% Three Bedroom, and 3% Four Bedroom apartment rentals. The average bedroom size for Concord Houses is 0.55.

Massachusetts's 7th

Congressional District

72

Total Units

72

Project Based Sec. 8 Units

67.7

% of Fair Market Rent

01-Mar-16

Project Based Sec. 8 Contract Expiration

One, Two, Three, and Four

Unit Mix

0.55

Average Bedroom Size

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