Old High School Commons, Acton, Massachusetts is the transformation of the former two-story Acton High School into fifteen spacious, well-designed one, two and three bedroom apartment homes. The restoration of this historic building includes original, factory-sized windows, soaring ceilings and, historic period details. Acton was named the 16th best places to live among small towns in the country by Money Magazine in 2009 and 2011 and is known for having one of the best school systems in the area.
|One Bedroom (1/1)||728-927||Call for Price|
|Two Bedroom (2/1)||940-1,286||Call for Price|
|Three Bedroom (3/1)||1,512-1,601||Call for Price|
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Acton but actual income limits may differ for units at Old High School Commons.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$47,000||$53,700||$60,400||$67,100||$72,500||$77,850||$83,250||$88,600|
|Low Income (60%)||$56,400||$64,440||$72,480||$80,520||$87,000||$93,420||$99,900||$106,320|
Old High School Commons is managed by Peabody Properties, Inc..