Rollins Square 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 HOME.
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 2001.
The property was placed in service in 2003.
37 of 37
units at Rollins Square 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.
HOME Investment Partnership
The property was financed in part with financing through the Federal HOME Investment Partnership Program.
37 of the 37 total units at Rollins Square are assisted under the HOME
Rollins Square 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).
Rollins Square is an apartment community containing 37 rental units.
This property serves all family types. The property contains 80 bedrooms and based on typical apartment occupancy limits, Rollins Square
is home to not more than 157† persons when fully occupied.
This property does not provide any Federal rent subsidies to renters
reducing total tenant payments to 30% of their adjusted income. Renters are required to
pay the full rent, even if it is in excess of 30% of their income. In some cases the
property may accept Section 8 Housing Choice vouchers.
Rollins Square contains a mix of 37 assisted
one, two, and three bedroom apartments for rent. There are 6 One Bedroom, 19 Two Bedroom, and 12 Three Bedroom apartments in this property. The unit mix is 16% One Bedroom, 51% Two Bedroom, and 32% Three Bedroom apartment rentals. The average bedroom size for Rollins Square is 2.16.