Atria Maplewood Place
305 Broadway, Malden, Massachusetts 02148
Set in a hilly, suburban area just 10 miles north of Boston, Atria Maplewood Place is a vibrant community offering assisted living in Malden, MA. With chef-prepared meals, housekeeping and linen services as well as discreet support available 24/7, Atria Maplewood Place helps older adults find greater well-being.
Every day is a new opportunity for fun, fitness, connection and creativity - and with a calendar full of engaging events, residents can do what they love or pursue a new passion. From yoga and technology classes to happy hours and outings to Revere Beach, residents can be as involved as they like.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 332 | Call for Price |
| One Bedroom (1/1) | 533 | Call for Price |
| Two Bedroom (2/1) | 725 | Call for Price |
Eligibility for Atria Maplewood Place
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 Malden but actual income limits may differ for units at Atria Maplewood Place.
| 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 |
Atria Maplewood Place Details
- 20 studio, one and two bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- HOME Investment Partnerships Program
- Section 221 (d) (3)
Property Amenities
- Library
- Laundry Room
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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