St Botolph Street Apartments
150 Saint Botolph St
Boston, Suffolk County, Massachusetts 02115

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Funding Programs

St Botolph Street Apartments 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

St Botolph Street Apartments has a project-based Section 8 contract. 92 of the 135 total units at the property receive Section 8 assistance. This means that 68% 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 November 01, 2008 and the contract expires on September 14, 2016. The Section 8 contract rent is 75.5% 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, 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

St Botolph Street Apartments 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).

St Botolph Street Apartments is an apartment community containing 92 rental units. The property contains 85 bedrooms and based on typical apartment occupancy limits, St Botolph Street Apartments is home to not more than 184 persons when fully occupied.

Rent Subsidies

St Botolph Street Apartments 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

St Botolph Street Apartments contains a mix of 92 assisted studio, one, two, and three bedroom apartments for rent. There are 34 Studio, 39 One Bedroom, 11 Two Bedroom, and 8 Three Bedroom apartments in this property. The unit mix is 37% Studio, 42% One Bedroom, 12% Two Bedroom, and 9% Three Bedroom apartment rentals. The average bedroom size for St Botolph Street Apartments is 0.63.

Massachusetts's 7th

Congressional District

92

Total Units

92

Project Based Sec. 8 Units

75.5

% of Fair Market Rent

14-Sep-16

Project Based Sec. 8 Contract Expiration

Studio, One, Two, and Three

Unit Mix

0.63

Average Bedroom Size

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