Cottage Brook
11 West Companyttage St
Boston, Suffolk County, Massachusetts 02125

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Funding Programs

Cottage Brook 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

Cottage Brook has a project-based Section 8 contract. 147 of the 147 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, 2015 and the contract expires on March 31, 2035. The Section 8 contract rent is 127.6% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,056.00 for Zero Bedroom, $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 1992. The property was placed in service in 1993. 147 of 147 units at Cottage Brook 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 a Difficult Development Area qualifying it for additional tax credit financing.

Overview

Cottage Brook 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).

Cottage Brook is an apartment community containing 142 rental units. The property contains 350 bedrooms and based on typical apartment occupancy limits, Cottage Brook is home to not more than 688 persons when fully occupied.

Rent Subsidies

Cottage Brook 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

Cottage Brook contains a mix of 142 assisted studio, one, two, three, and four bedroom apartments for rent. There are 2 Studio, 28 One Bedroom, 38 Two Bedroom, 50 Three Bedroom, and 24 Four Bedroom apartments in this property. The unit mix is 1% Studio, 20% One Bedroom, 27% Two Bedroom, 35% Three Bedroom, and 17% Four Bedroom apartment rentals. The average bedroom size for Cottage Brook is 2.38.

Massachusetts's 7th

Congressional District

142

Total Units

147

Tax Credit Units

147

Project Based Sec. 8 Units

127.6

% of Fair Market Rent

31-Mar-35

Project Based Sec. 8 Contract Expiration

Studio, One, Two, Three, and Four

Unit Mix

2.38

Average Bedroom Size

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