Cobbet Hill

498 Essex St, Lynn, Massachusetts 01902

Contact Cobbet Hill

Located in Lynn, Massachusetts, Cobbet Hill features one through four bedroom apartment homes with spacious interiors, abundant storage, fully equipped kitchens, and off-street parking. Residents enjoy 24-hour emergency maintenance service and a professional management team dedicated to meeting their needs. For affordable apartments in Lynn, MA look no further than Cobbet Hill.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	550	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/3)	1276	Call for Price
Four Bedroom (4/4)	1828	Call for Price

Eligibility for Cobbet Hill

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 Lynn but actual income limits may differ for units at Cobbet Hill.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50%	$51,950	$59,400	$66,800	$74,200	$80,150	$86,100	$92,050	$97,950

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 Lynn but actual income limits may differ for units at Cobbet Hill.

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

Cobbet Hill Details

116 one, two, three and four bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Fitness Center
Computer Lab
Laundry Room
On-Site Parking

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.