Mason Place
80 Mason Place
Boston, Suffolk County, Massachusetts 02111

Call (855) 598-3283, enter extension 62356, then hit #.

Request an Application

About The Property:

One of the many appealing characteristics of downtown Boston living, aside from its abundant history, is its access to public transportation. The MBTA (called the T) is the oldest and fourth largest public transportation system in the country. Mason Place, an eight story building located in the heart of Boston, is within a quarter mile of the T bus and train lines.

Unit Information

Unit Bed/Bath Rent
Studio /1 $
One Bedroom 1/1 $
Two Bedroom 2/1 $

Property Amenities

  • Community Room
  • Laundry Room
  • 24hr Emergency Maintenance

Unit Amenities

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

Nearby Amenities

  • Close to Dining
  • Close to Public Transportation
  • Close to Shopping
  • Near Hospital
  • Near Post Office

Managed By Schochet Companies

Funding Programs

Mason Place 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

Mason Place has a project-based Section 8 contract. 126 of the 127 total units at the property receive Section 8 assistance. This means that 99% 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 October 05, 2004 and the contract expires on October 04, 2024. The Section 8 contract rent is 201.2% 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, and $1,567.00 for Two 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. . 126 of 127 units at Mason Place 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

Mason Place 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).

Mason Place is an apartment community containing 126 rental units. The property contains 124 bedrooms and based on typical apartment occupancy limits, Mason Place is home to not more than 202 persons when fully occupied.

Rent Subsidies

Mason Place 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

Mason Place contains a mix of 126 assisted studio, one, and two bedroom apartments for rent. There are 9 Studio, 110 One Bedroom, and 7 Two Bedroom apartments in this property. The unit mix is 7% Studio, 87% One Bedroom, and 6% Two Bedroom apartment rentals. The average bedroom size for Mason Place is 0.98.

Massachusetts's 7th

Congressional District

126

Total Units

126

Tax Credit Units

126

Project Based Sec. 8 Units

127

Senior Units

201.2

% of Fair Market Rent

04-Oct-24

Project Based Sec. 8 Contract Expiration

Studio, One, and Two

Unit Mix

0.98

Average Bedroom Size

Find More in Boston

Search Nearby Affordable Housing

Find More in Suffolk County

Search Nearby Affordable Housing

Find More in Massachusetts

Search Nearby Affordable Housing

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