Mission Park
835 Huntington Ave
Boston, Suffolk County, Massachusetts 02115

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Funding Programs

Mission Park 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

Mission Park has a project-based Section 8 contract. 775 of the 775 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, 2005 and the contract expires on March 31, 2025. The Section 8 contract rent is 221.4% 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.

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. . 775 of 775 units at Mission Park 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

Mission Park 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).

Mission Park is an apartment community containing 775 rental units. The property contains 1343 bedrooms and based on typical apartment occupancy limits, Mission Park is home to not more than 2490 persons when fully occupied.

Rent Subsidies

Mission Park 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

Mission Park contains a mix of 775 assisted one, two, three, and four bedroom apartments for rent. There are 391 One Bedroom, 228 Two Bedroom, 128 Three Bedroom, and 28 Four Bedroom apartments in this property. The unit mix is 50% One Bedroom, 29% Two Bedroom, 17% Three Bedroom, and 4% Four Bedroom apartment rentals. The average bedroom size for Mission Park is 1.73.

Massachusetts's 7th

Congressional District

775

Total Units

775

Tax Credit Units

775

Project Based Sec. 8 Units

221.4

% of Fair Market Rent

31-Mar-25

Project Based Sec. 8 Contract Expiration

One, Two, Three, and Four

Unit Mix

1.73

Average Bedroom Size

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