525 Beach Street, Revere, MA 2151
Waiting List Forecast: Likely Short or None
Verified for 2022 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | - |
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.
525 Beach is located in Revere’s Shirley Ave. neighborhood, and transformed a long-vacant warehouse into affordable rental housing for families. The development features 30 apartments, from one to three bedrooms in size, underground parking and a courtyard for residents. The site is a five-minute walk from the MBTA Blue Line and Revere Beach, connecting residents to job opportunities, health care, and open space. The project is certified under the LEED Mid-Rise programs and three units are accessible and for those with sensory impairments.
Because 525 Beach 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 Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $51,950 / year | $59,400 / year | $66,800 / year | $74,200 / year | $80,150 / year | $86,100 / year |
| 50% AMI for LIHTC Units | $51,950 / year | $59,400 / year | $66,800 / year | $74,200 / year | $80,150 / year | $86,100 / year |
| 50% AMI for LIHTC Units | $51,950 / year | $59,400 / year | $66,800 / year | $74,200 / year | $80,150 / year | $86,100 / year |
| 50% AMI for LIHTC Units | $51,950 / year | $59,400 / year | $66,800 / year | $74,200 / year | $80,150 / year | $86,100 / year |
| 50% AMI for PBRA Units | $51,950 / year | $59,400 / year | $66,800 / year | $74,200 / year | $80,150 / year | $86,100 / year |
| 50% AMI for PBRA Units | $51,950 / year | $59,400 / year | $66,800 / year | $74,200 / year | $80,150 / year | $86,100 / year |
| 50% AMI for PBRA Units | $51,950 / year | $59,400 / year | $66,800 / year | $74,200 / year | $80,150 / year | $86,100 / year |
| 50% AMI for PBRA Units | $51,950 / year | $59,400 / year | $66,800 / year | $74,200 / year | $80,150 / year | $86,100 / year |
| 60% AMI for LIHTC Units | $62,340 / year | $71,280 / year | $80,160 / year | $89,040 / year | $96,180 / year | $103,320 / year |
| 60% AMI for LIHTC Units | $62,340 / year | $71,280 / year | $80,160 / year | $89,040 / year | $96,180 / year | $103,320 / year |
| 60% AMI for LIHTC Units | $62,340 / year | $71,280 / year | $80,160 / year | $89,040 / year | $96,180 / year | $103,320 / year |
| 60% AMI for LIHTC Units | $62,340 / year | $71,280 / year | $80,160 / year | $89,040 / year | $96,180 / year | $103,320 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does 525 Beach have a waiting list?
525 Beach 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 525 Beach?
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 525 Beach?
525 Beach is managed by WinnCompanies headquartered in Boston, Massachusetts.
In addition to 525 Beach, how many other affordable housing properties (and units) are there in Revere?
In addition to 525 Beach, we list 13 other affordable properties in Revere. Learn about these properties here. Our data research shows that there are a total of 988 affordable units in Revere.
When was the 525 Beach listing last updated?
525 Beach listing on Affordable Housing Online was last updated on 08/02/2022 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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