There’s One Week Left to Apply to Live in Downtown’s New “Workforce Housing”
Image courtesy of Related Beal
It’s the last call for folks earning between $64,650 and $198,000 to move into a brand-new apartment building near North Station. The Beverly, Boston’s first all-affordable apartment complex in 25 years, is accepting applications for one more week.
The building will be made up of 239 affordable and “workforce” units. Workforce housing, or below-market rentals available to a wide income bracket, is meant to fulfill the housing needs of the city’s middle earners. The Beverly’s workforce units will range from studios to three-bedrooms, with rents starting at $1,940 per month.
Affordable units will make up the remaining 20 percent of the building, and are available to households with annual incomes ranging from $17,578 to $60,000. Affordable unit rents start at $492 per month.
“The Beverly gives residents the opportunity to enjoy top-level amenities in an incredible location, and helps meet the needs of the professionals that make our city great,” said Related Beal president Kimberly Sherman Stamler in a statement. Related Beal is the real estate firm developing the Beverly.
Like other luxury buildings in the area, the pet-friendly apartments at the Beverly showcase views of the skyline, the harbor, and the Greenway. There’s access to an outdoor terrace with grills, a fitness center, an entertainment room, and a children’s room, as well as bike storage and on-site parking.
In a press release, the development is touted as “an incredible opportunity for Bostonians at a variety of income levels to live in the heart of the city at an affordable rent.”
Applications for a January 2018 move-in date must be obtained by prospective renters by August 30, 2017, and submitted by September 6, 2017. Information is available at thebeverlyboston.com.
Image courtesy of Related Beal
Image courtesy of Related Beal
