Union Street Lofts is managed by HallKeen Management.
The Union Street Lofts, made up of 5 turn-of-the-century buildings, offer 35 loft style apartment homes. Each loft is unique and designed to provide the maximum amount of natural light with high ceilings and open floor layouts for comfort and creativity.
If the excitement and activity of living in a historic urban neighborhood is what you enjoy, living in downtown New Bedford allows for easy access to some of the best art galleries and museums New Bedford has to offer. The Union Street Lofts are a short walk to the Historic Waterfront District, as well as a myriad of restaurants, art galleries, museums and specialty shops.
The Union Street Lofts consist of studio, one and two bedroom lofts with finishes including a mix of hardwood floors, wall-to-wall carpeting, and new energy efficient over sized windows. Kitchens are fully applianced and several lofts have harbor views.
The property address is 516 Pleasant Street, New Bedford MA. Tours are provided by appointment only, please contact the management team for availability.
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 New Bedford but actual income limits may differ for units at Union Street Lofts.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $34,900 | $39,850 | $44,850 | $49,800 | $53,800 | $57,800 | $61,800 | $65,750 |
Low Income (60%) | $41,880 | $47,820 | $53,820 | $59,760 | $64,560 | $69,360 | $74,160 | $78,900 |
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.