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Image of Loft Five50 l & ll

Loft Five50 l & ll

550 Broadway, Lawrence, MA 01841

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Lorena Bentley, Joshua Cappell
Rent Beds Baths SqFt
$955 - 1,149 per Month† 1 - 2 Beds 1 - 2 Baths 877 - 1,389 Sq Ft
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Market Rate
check_circle  Affordable
Call (978) 681-1555 Email

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

LoftFive50 is 5 miles from the Methuen Loop and offers easy access to Route 93 and Route 114. We are about 1.5 mile from the Lawrence train station with a 30 minute commute into Boston. We are close to shopping, dining and schools. Our amenities include heat, hot water, fitness center, a lounge with pool table, media room,  on-site laundry and an indoor playground. Our Lofts are located in the historic Malden Mills. They come furnished with stainless steel appliances in the kitchen, new carpeting, spacious bathrooms and walk in closets.

Although we currently do not have any apartments available at this time, we are accepting applications for our waitlist. We cannot guarantee a specific time frame but anticipate availability within 3 – 5 Years. Please do not get discouraged to apply for the waitlist because not everyone who applies will qualify.   To qualify for the apartment, there are income guidelines along with a background and credit check. Please feel free to call, email, or stop by our leasing office if you have any additional questions. Our hours are Monday through Friday, 9am -5:00pm.  

Dave's Thoughts On Loft Five50 l & ll

Because Loft Five50 l & ll participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Loft Five50 l & ll Amenities

  • Fitness Center
  • Playground
  • Clubhouse
  • Close to Public Transportation
  • Utilities Included
  • Window Coverings
  • Breakfast Bar
  • Linen Closets
  • Online Payments Accepted
  • On-Site Maintenance
  • Historic Renovation
  • Loft Style
  • Exposed Brick
  • Architectural Details
  • Laundry Facility

Units at Loft Five50 l & ll

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 1128ft2 $955†
One Bedroom with Den (1/1) 877ft2 $955†
Two Bedroom with Den (2/2) 1389ft2 $1,149†
Two Bedroom (2/2) 996ft2 $1,149†

Income Qualification for Loft Five50 l & ll

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for LIHTC Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for LIHTC Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for PBRA Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $51,950 / year $59,400 / year $66,800 / year $74,200 / year
50% AMI for PBRA Units $42,700 / year $48,800 / year $54,900 / year $60,950 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $51,240 / year $58,560 / year $65,880 / year $73,140 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $51,240 / year $58,560 / year $65,880 / year $73,140 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $51,240 / year $58,560 / year $65,880 / year $73,140 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $51,240 / year $58,560 / year $65,880 / year $73,140 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $51,240 / year $58,560 / year $65,880 / year $73,140 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $51,240 / year $58,560 / year $65,880 / year $73,140 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $51,240 / year $58,560 / year $65,880 / year $73,140 / year
60% AMI for LIHTC Units $51,240 / year $58,560 / year $65,880 / year $73,140 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $51,240 / year $58,560 / year $65,880 / year $73,140 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $62,340 / year $71,280 / year $80,160 / year $89,040 / year
60% AMI for LIHTC Units $51,240 / year $58,560 / year $65,880 / year $73,140 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Loft Five50 l & ll

Does Loft Five50 l & ll have a waiting list?

Loft Five50 l & ll probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Loft Five50 l & ll?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Loft Five50 l & ll?

Loft Five50 l & ll is managed by WinnCompanies headquartered in Boston, Massachusetts.

In addition to Loft Five50 l & ll, how many other affordable housing properties (and units) are there in Lawrence?

In addition to Loft Five50 l & ll, we list 40 other affordable properties in Lawrence. Learn about these properties here. Our data research shows that there are a total of 3288 affordable units in Lawrence.

When was the Loft Five50 l & ll listing last updated?

Loft Five50 l & ll listing on Affordable Housing Online was last updated on 01/02/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.

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† Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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