Bay Meadow Apartments is managed by Preservation Housing Management .
Bay Meadow Apartments includes 12 buildings on a 28-acre site in the Pine Point neighborhood of Springfield. All 148 apartments have Section 8 rent subsidies for income-qualified families. The spacious site includes a variety of building styles, with apartments in both flat and townhouse configurations. Amenities include a swimming pool, lighted basketball court and children's play area. There is substantial parking, and a large, freestanding community building for meetings, classes and social events. Professional on-site management, with 24-hour emergency response, is offered by Preservation Housing Management.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 548 | Call for Price |
Two Bedroom (2/2) | 1096 | Call for Price |
Three Bedroom (3/2) | 1268 | Call for Price |
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 Springfield but actual income limits may differ for units at Bay Meadow Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $34,900 | $39,850 | $44,850 | $49,800 | $53,800 | $57,800 |
Low Income (60%) | $41,880 | $47,820 | $53,820 | $59,760 | $64,560 | $69,360 |
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.