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6 Affordable Rental Units Available at 315 Broadway, Somerville
The Housing Division of the Mayor’s Office of Strategic Planning and Community Development is currently accepting applications for six (6) affordable rental units offered through the city’s Inclusionary Zoning Ordinance for the development at 315 Broadway. The application deadline is Thursday, December 15, 2016, at 4:00 p.m. The deadline will be followed by a lottery on Wednesday, January 4, 2017, at 10:00 a.m. in the Aldermanic Chambers located on the second floor of City Hall.
The six (6) units are part of a 46-unit development located at the corner of Broadway and Temple Street in the Winter Hill area of Somerville, MA. For specific information about the development by Young Investments, LLC you can visit the website at www.315broadway.com.
Three units will be restricted to households at or below fifty percent (50%) of Area Median Income (AMI), and three (3) rental units will be restricted to households at or below eighty percent (80%) of AMI. The affordable units at 315 Broadway range in size from one to two bedrooms. Applicants must be at least 18 years of age, and the head of household cannot be a full-time student.
These affordable units do not come with a rental subsidy. However, if the household has a rental subsidy it can of course be used for these units. For all affordable units, the rent is reduced from market rent. Tenants are responsible for paying full amount of rent and utilities each month. Please note utilities will fluctuate depending on tenant usage and are not included in the monthly rent. Utilities include water and sewer, heating is natural gas, and stove is electric. A breakdown of the units, bedroom size, and rents can be found in the table below. All applicants selected for the affordable rental opportunities must be recertified for income eligibility on an annual basis. To check if you qualify for income limits, please visit www.somervillema.gov/incomelimits or contact the Housing Division contacts listed below.
| Amount of Units | No. of Bedrooms | Area Median Income % | Rent |
| 1 | 1 | 50% | $726 |
| 1 | 1 | 80% | $1,058 |
| 2 | 2 | 50% | $848 |
| 2 | 2 | 80% | $1,248 |
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To request an application please contact Ithzel Polanco-Cabadas at ipcabadas@somervillema.us or 617-625-6600 ext. 2286 or Vicki Wairi at vwairi@somervillema.us 617-625-6600 ext. 2588. To be notified of any future inclusionary housing rental or homeownership opportunities please contact Ithzel Polanco or Vicki Wairi to be added to our listserv.
Individuals with disabilities who need auxiliary aids and services for effective communication, written materials in alternative formats, or reasonable modifications in policies and procedures, in order to access the programs and activities of the City of Somerville or to attend meetings, should contact the City’s ADA Coordinator, Betsy Allen, at 617-625-6600 x2323 or BAllen@somervillema.gov
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Doesn’t forcing a landlord to rent a few units significantly below market value just lead to the landlord raising the rent on the other units to make whatever profit is necessary? For instance, I would guess those six units are each priced $1500 below market value. To make up $9000 per month, the other 40 units in the complex would need to be priced $225 higher than otherwise. Or perhaps the city is making up the difference, in which case all taxpayers are on the hook. How is either case fair?
The City raised the affordable housing standard for developments like this to 20% back in May. Why doesn’t this building have to conform to that? Just because they may have gotten some permits in hand before then shouldn’t let them off the hook, the place isn’t even open yet. The developers will still make a killing whether it’s 6 affordable units or 9.