Prospect House

420 Reservoir Ave, Revere, Massachusetts 02151

Contact Prospect House

Prospect House is an assisted living community located in the oceanfront neighborhood of Revere.

Opened in 2002, the house features 109 apartments and features a staff of trained professionals and state-of-the-art services.

At Prospect House, you're part of a vibrant community of friends, family and staff. You'll enjoy a lifestyle free of household chores and maintenance so that you may pursue lifelong interests or discover new ones. It's why we believe that Prospect House is not just a place to live; it's a way of life.

Unit (Bd/Ba)	Ft²	Rent
The Revere (Studio/1)	362	Call for Price
The Lexington (Studio/1)	400	Call for Price
The Cambridge (Studio/1)	462	Call for Price
The Andover (1/1)	456	Call for Price
The Cape Cod (1/1)	560	Call for Price
The Charles (1/1)	748	Call for Price

Waiting List is Open Now

Last updated on November 28th, 2017

Eligibility for Prospect House

Prospect House Details

114 studio and one bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 221 (d) (3)

Property Amenities

Library
Resident lounges
Outings events & activities
Smoke Free
Courtyard

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.