The Machon

35 Burpee Road, Swampscott, Massachusetts 01907

The Machon is a mixed-income senior community – income qualifications and rent restrictions apply. A 55+ affordable apartment community, The Machon in Swampscott, Massachusetts offers the comfort and ease of apartment living with all of the thoughtful finishing touches that make this a wonderful place to call home.

Originally built in the 1920’s, The Machon Elementary School, has been transformed into 38 one bedroom apartment homes. The original architectural detail has been preserved as well as a new addition created. Each apartment home has been designed with seniors in mind, and The Machon offers living like no other with plentiful community amenities and programming that will provide residents with opportunities to lead active lifestyles.

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 670 Call for Price

This project has been funded and will begin construction soon.

State funding was approved in July 2019 clearing the way for construction to begin and an anticipated 2021 opening.

https://www.bbhousing.org/listings/senior-residences-at-the-machon/

Eligibility for The Machon

The Machon Details

  • 38 one bedroom units.
  • HOME Investment Partnerships Program
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Controlled Access
  • Fitness Center
  • Community Room
  • Library
  • On-Site Manager
  • On-Site Parking
  • Laundry Centers
  • Energy Star Appliances
  • Smoke Free

Unit Amenities

  • Heat and Hot Water Included
  • Cable & Internet Ready
  • Fully Equipped Kitchen
  • Individual heating and cooling systems
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.

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.

Images of The Machon
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