Pequot Highlands

12 1st St, Salem, Massachusetts 01970

Contact Pequot Highlands

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

Eligibility for Pequot Highlands

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

Pequot Highlands Details

250 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Rental Assistance (PBRA)
Section 221 (d) (3)
Section 236

Property Amenities

Playground
Computer Lab
Community Room
On-Site Parking
Online Payments Accepted
Energy Star Appliances
24 Hour Maintenance
On-Site Laundry

Unit Amenities

Air Conditioning
Utilities Included
Window Coverings

Low-Income Housing Tax Credit (LIHTC)

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.

Section 8 Project-Based Rental Assistance (PBRA)

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.

Section 236

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.