Warren Apartments Corp. was developed and operates with Federal housing financing.
The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.
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 1997.
The property was placed in service in 1998.
29 of 30
units at Warren Apartments Corp. 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.
Warren Apartments Corp. 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).
Warren Apartments Corp. is an apartment community containing 30 rental units.
The property contains 30 bedrooms and based on typical apartment occupancy limits, Warren Apartments Corp.
is home to not more than 45† 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.
Warren Apartments Corp. contains a mix of 30 assisted
one bedroom apartments for rent. There are 30 One Bedroom apartments in this property. The unit mix is 100% One Bedroom apartment rentals. The average bedroom size for Warren Apartments Corp. is 1.