201 Canal Street, Lowell, MA 01852
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,644 - 2,394 per Month† | 1 - 2 Beds | 1 - 2 Baths | 685 - 1,105 Sq Ft |
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.
Set in Lowell’s Hamilton canal innovation district where past and future come together at 201 Canal Apartments will bring distinctive NEW STYLE to downtown Lowell at an attainable rent. As a fresh, modern contrast to the rich historic architecture along the canalway, 201 Canal is the only mid-rise of it's kind in downtown featuring the only roof deck and dog park in the city! Choose from brand new studio, 1, 1 bedroom + den and 2 bedroom apartments with high contrast finishes, plank flooring, quartz countertops, floor to ceiling windows, in home washer and dryer and so much more! Ramp up at our fitness center with spin studio, power up in our work from home pods, host a gathering in our VIP Space, or unwind on our canal-side patio and roof deck with grilling, fire pit and more! Plus your pup will enjoy 201BARK Park and Doggie Spa. When you live and work in a city rooted in over 200 years of progress, you can't help but be inspired by it. This is where the pulse of innovation never stops in the heart of Lowell. Welcome to 201 Canal.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests 201 Canal Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom Workforce (1/1) | 685ft2 | $1,644 $1,724† |
| Two Bedroom Workforce (2/2) | 1105ft2 | $1,945 $2,394† |
Does 201 Canal Apartments have a waiting list?
201 Canal Apartments 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 201 Canal Apartments?
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 201 Canal Apartments?
201 Canal Apartments is managed by WinnCompanies headquartered in Boston, Massachusetts.
In addition to 201 Canal Apartments, how many other affordable housing properties (and units) are there in Lowell?
In addition to 201 Canal Apartments, we list 54 other affordable properties in Lowell. Learn about these properties here. Our data research shows that there are a total of 6026 affordable units in Lowell.
195 Hildreth Street, Lowell, Massachusetts 01850
If you're a homeless veteran, contact your VA Medical Center.
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