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Loft Five50 l & ll

550 Broadway, Lawrence, Massachusetts 01841

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Call (978) 681-1555

Loft Five50 l & ll is managed by WinnCompanies.

LoftFive50 is 5 miles from the Methuen Loop and offers easy access to Route 93 and Route 114. We are about 1.5 mile from the Lawrence train station with a 30 minute commute into Boston. We are close to shopping, dining and schools. Our amenities include heat, hot water, fitness center, a lounge with pool table, media room,  on-site laundry and an indoor playground. Our Lofts are located in the historic Malden Mills. They come furnished with stainless steel appliances in the kitchen, new carpeting, spacious bathrooms and walk in closets.

Although we currently do not have any apartments available at this time, we are accepting applications for our waitlist. We cannot guarantee a specific time frame but anticipate availability within 3 – 5 Years. Please do not get discouraged to apply for the waitlist because not everyone who applies will qualify.   To qualify for the apartment, there are income guidelines along with a background and credit check. Please feel free to call, email, or stop by our leasing office if you have any additional questions. Our hours are Monday through Friday, 9am -5:00pm.  

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 1128 From $955
One Bedroom with Den (1/1) 877 From $955
Two Bedroom with Den (2/2) 1389 From $1,149
Two Bedroom (2/2) 996 From $1,149
All Units is Open Now

Last updated on March 29th, 2018

Eligibility for Loft Five50 l & ll

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 Lawrence but actual income limits may differ for units at Loft Five50 l & ll.

AMI Band 1 Person 2 Person 3 Person 4 Person
Very Low Income (50%) $51,950 $59,400 $66,800 $74,200
Low Income (60%) $62,340 $71,280 $80,160 $89,040

Loft Five50 l & ll Details

  • 64 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Property Amenities

  • Fitness Center
  • Playground
  • Clubhouse
  • Online Payments Accepted
  • On-Site Maintenance
  • Historic Renovation
  • Laundry Facility

Unit Amenities

  • Utilities Included
  • Window Coverings
  • Breakfast Bar
  • Linen Closets
  • Loft Style
  • Exposed Brick
  • Architectural Details

Nearby Amenities

  • Close to Public Transportation

Office Hours

Day Hours
Monday 9:00am-5:00pm
Tuesday 9:00am-5:00pm
Wednesday 9:00am-5:00pm
Thursday 9:00am-5:00pm
Friday 9:00am-5:00pm
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.

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Image of Loft Five50 l & ll