St Joseph and Aposs Redevelopment (Rental)

135 Lafayette St, Salem, Massachusetts 01970

135 Lafayette is a mixed-income community – income qualifications and rent restrictions may apply. Inspired by the historic neighborhood it surrounds, 135 Lafayette is an enticing blend of classic brick and modern architecture, with a nod to Salem's rich history and an eye toward the future. This beautiful rental community of fifty-one apartment homes is a blend of one, two and three bedroom layouts. Open and flexible, these living spaces enjoy abundant natural light and warm, inviting interiors. You are close by Salem’s trendiest downtown, scenic shore beauty, shopping, entertainment, museums, parks, and restaurants of all tastes. Salem continues to undergo revitalization and re-birth and is a community that has come alive, striving to be the most talked about place on the North Shore.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	640	Call for Price
2 Bedroom (2/1)	780	Call for Price
3 Bedroom (3/2)	1092	Call for Price

Eligibility for St Joseph and Aposs Redevelopment (Rental)

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 Salem but actual income limits may differ for units at St Joseph and Aposs Redevelopment (Rental).

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$51,950	$59,400	$66,800	$74,200	$80,150	$86,100
Low Income (60%)	$62,340	$71,280	$80,160	$89,040	$96,180	$103,320

St Joseph and Aposs Redevelopment (Rental) Details

11 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
State or Local Program

Property Amenities

Controlled Access
On-Site Manager
On-Site Parking
Energy Star Appliances
Laundry Facilities
Smoke Free

Unit Amenities

Heat and Hot Water Included

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.