Mass Pike Towers
360 Tremont St
Boston, Suffolk County, Massachusetts 02116

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Funding Programs

Mass Pike Towers 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

Mass Pike Towers has a project-based Section 8 contract. 40 of the 200 total units at the property receive Section 8 assistance. This means that 20% 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 01, 2014 and the contract expires on November 30, 2034. The Section 8 contract rent is 149.2% 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, and $1,945.00 for Three 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

Mass Pike Towers 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).

Mass Pike Towers is an apartment community containing 40 rental units. The property contains 62 bedrooms and based on typical apartment occupancy limits, Mass Pike Towers is home to not more than 113 persons when fully occupied.

Rent Subsidies

Mass Pike Towers 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

Mass Pike Towers contains a mix of 40 assisted one, two, and three bedroom apartments for rent. There are 22 One Bedroom, 14 Two Bedroom, and 4 Three Bedroom apartments in this property. The unit mix is 55% One Bedroom, 35% Two Bedroom, and 10% Three Bedroom apartment rentals. The average bedroom size for Mass Pike Towers is 0.31.

Massachusetts's 7th

Congressional District

40

Total Units

40

Project Based Sec. 8 Units

149.2

% of Fair Market Rent

30-Nov-34

Project Based Sec. 8 Contract Expiration

One, Two, and Three

Unit Mix

0.31

Average Bedroom Size

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