Holcroft Park Homes Phase 2

23 and 35 Mill Street, Beverly, Massachusetts 01915

Contact Holcroft Park Homes Phase 2

Housing has always been a part of the YMCA’s mission, offering housing to adults and families looking for a clean, safe and affordable place to call home. The North Shore YMCA operates housing facilities in Beverly, Ipswich, Cape Ann and Haverhill, putting a roof over the heads of more than 500 children and adults.

About
These spacious apartments are comprised of four 1 bedrooms, sixteen 2 bedrooms and nine 3 bedroom apartments. Each apartment has a full-size kitchen and a living room. Located in the Gloucester Crossing neighborhood this property is within walking distance of everything Beverly has to offer: local shops and restaurants, grocery store, public transportation (MBTA buses and train). With so many families currently located here, this is a great place to raise children.

Amenities
Along with residing in the newest buildings in Beverly tenants of Holcroft Park Homes Phase Two will enjoy:

Coin operated laundry onsite.
Maintenance and snow removal from a professional management team.
New Built-in air conditioners in living room and master bedroom.
Heat and hot water included in monthly rent.
New refrigerator, stove with exhaust vent, garbage disposal, and dishwasher.

Affordability
1, 2 and 3 bedroom apartments:

1 Bedroom: $942.00
2 Bedroom: $1,080.00
3 Bedroom: $1,308.00

Eligibility for Holcroft Park Homes Phase 2

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 Beverly but actual income limits may differ for units at Holcroft Park Homes Phase 2.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$51,950	$59,400	$66,800	$74,200	$80,150	$86,100	$92,050	$97,950
Low Income (60%)	$62,340	$71,280	$80,160	$89,040	$96,180	$103,320	$110,460	$117,540

Holcroft Park Homes Phase 2 Details

11 bedroom units.
Low Rise
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
State or Local Program

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.