Symphony West
333 Mass Ave
Boston, Suffolk County, Massachusetts 02115

Call (855) 598-3283, enter extension 62341, then hit #.

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About The Property:

The Symphony Plaza towers are located on the East and West sides of the street, and are conveniently located within miles of Boston Medical Center, Northeastern University, Fenway Park - home of the Boston Red Sox, The Isabella Stuart Gardner Museum, and Boston's Museum of Fine Arts just to name a few. Catering to the elderly and disabled, the property has studio apartments as well as, 1 bedroom, and 2 bedroom units for rent.

Unit Information

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

Property Amenities

  • Laundry Room
  • 24hr Emergency Maintenance

Unit Amenities

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

Nearby Amenities

  • Close to Dining
  • Close to Shopping
  • Near Schools
  • Near Post Office

Managed By Schochet Companies

Funding Programs

Symphony West 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

Symphony West has a project-based Section 8 contract. 216 of the 216 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 June 01, 2000 and the contract expires on May 31, 2020. The Section 8 contract rent is 211.2% 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. . 215 of 216 units at Symphony West 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

Symphony West 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).

Symphony West is an apartment community containing 216 rental units. The property contains 169 bedrooms and based on typical apartment occupancy limits, Symphony West is home to not more than 330 persons when fully occupied.

Rent Subsidies

Symphony West 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

Symphony West contains a mix of 216 assisted studio, one, and two bedroom apartments for rent. There are 62 Studio, 139 One Bedroom, and 15 Two Bedroom apartments in this property. The unit mix is 29% Studio, 64% One Bedroom, and 7% Two Bedroom apartment rentals. The average bedroom size for Symphony West is 0.78.

Massachusetts's 7th

Congressional District

216

Total Units

215

Tax Credit Units

216

Project Based Sec. 8 Units

211.2

% of Fair Market Rent

31-May-20

Project Based Sec. 8 Contract Expiration

Studio, One, and Two

Unit Mix

0.78

Average Bedroom Size

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