Pequot Highlands is managed by WinnCompanies.
Located in Salem, Massachusetts, Pequot Highlands offers a maintenance free lifestyle and on-site management. Choose from 1, 2 and 3 bedroom floor plans where rent includes heat, hot water, and electricity. Enjoy resident services and facilities including a community room, computer lab, outdoor recreation areas and gardens. The community is conveniently located near shopping centers, hospitals and Salem State University.
Income restrictions apply. Please contact us for details.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 650 | Call for Price |
Two Bedroom (2/1) | 865 | Call for Price |
Three Bedroom (3/3) | 1 | Call for Price |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Salem but actual income limits may differ for units at Pequot Highlands.
AMI Band | 2 Person | 3 Person | 4 Person | 5 Person |
---|---|---|---|---|
30% | $35,600 | $40,050 | $44,500 | $48,100 |
50% | $59,400 | $66,800 | $74,200 | $80,150 |
80% | $94,800 | $106,650 | $118,450 | $127,950 |
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 Salem but actual income limits may differ for units at Pequot Highlands.
AMI Band | 2 Person | 3 Person | 4 Person | 5 Person |
---|---|---|---|---|
Very Low Income (50%) | $59,400 | $66,800 | $74,200 | $80,150 |
Low Income (60%) | $71,280 | $80,160 | $89,040 | $96,180 |
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.
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.