The Moorings at Squantum Gardens is managed by Peabody Properties, Inc..
Welcome to The Moorings at Squantum Gardens located in charming Marina Bay, in the city of Presidents, Quincy, Massachusetts. The Moorings debuts a picturesque collection of two-hundred twenty-three, one and two bedroom apartment homes with panoramic views of the Boston skyline and Quincy Bay.
Designed for residents 55 and older, this beautiful community features two, four-story buildings offering elevator access, laundry care suite on each floor, vibrant resident community rooms, game/TV rooms and fireplace reading rooms. The Moorings boasts lushly manicured grounds, walking paths and centrally located gazebo. The on-site Resident Service Coordinator encourages resident participation in the many programs and activities offered as well as individual supportive services.
Just minutes from your front door, enjoy the marina’s Nantucket-style ambiance including restaurants, pharmacies, banks, and grocery stores, or just enjoy a leisurely stroll along the boardwalk of Quincy Bay.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 569 | $1,080 |
Two Bedroom (2/1) | 812 | $1,295 |
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 Quincy but actual income limits may differ for units at The Moorings at Squantum Gardens .
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
50% | $41,450 | $47,350 | $53,250 | $59,150 |
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 Quincy but actual income limits may differ for units at The Moorings at Squantum Gardens .
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $41,450 | $47,350 | $53,250 | $59,150 |
Low Income (60%) | $49,740 | $56,820 | $63,900 | $70,980 |
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.