Hyde Square Commons Condominium

About This Building

Affordable Housing Option in Hyde Square Commons Condominium, Jamaica Plain, MA Introduction: Hyde Square Commons Condominium offers a unique opportunity to find an affordable housing option in Jamaica Plain, MA. These rental apartments are supported by the Low-Income Housing Tax Credit (LIHTC) program, which imposes specific rent and income restrictions for eligible individuals. LIHTC Incentives: The LIHTC program encourages builders and developers to contribute to the provision of affordable housing for low-income individuals. By participating in this program, Hyde Square Commons Condominium aims to cater to the needs of this demographic. However, it is important to note that the maximum rent for these apartments is determined based on the Area Median Income (AMI), which may render them unaffordable for some low-income individuals. Rental Rates: To determine if Hyde Square Commons Condominium is a suitable option for you, it is advisable to check the current rental rates. While the LIHTC program aims to make housing more affordable, the AMI-based rent calculation may still pose a challenge for certain individuals. Evaluating the rental rates will help you ascertain its affordability based on your specific circumstances. The Apartments: Hyde Square Commons Condominium boasts a total of 33 one and two bedroom apartments specifically designated for low-income individuals. However, it is important to keep in mind that there may be waiting lists for these apartments due to their popularity and demand. Application Process: To explore the possibility of residing in Hyde Square Commons Condominium, you can directly contact them using the provided phone number. This will allow you to determine if you meet the eligibility criteria and can apply for residency. Conclusion: Consider Hyde Square Commons Condominium as your potential affordable housing option in Jamaica Plain, MA, if you meet the income and rent restrictions outlined by the LIHTC program. Remember to inquire about the current rental rates and availability by reaching out to them directly.