The Guild
City of Somerville Income-Restricted Rental Opportunity
The Guild
154 Broadway
Somerville, MA 02145
Nine (9) Inclusionary Rental Units
# of Units Unit Size Square Feet AMI Rent # built out for Mobility Impairments # built out or Deaf/Hard of Hearing
3 Studio 385 – 440 50% $748 – 1
1 3-Bedroom 1,123 50% $874 1 –
3 Studio 356 – 468 51% – 80% $1,418 – –
1 Studio 440 81% – 110% $2,088 – –
1 3-Bedroom 1,121 81% – 110% $2,884 – –
*No utilities included in rent. All utilities paid for by the tenant (gas is not a utility at this property)
Minimum Income Limits for 50% AMI Units
Unit Size AMI Minimum Household Income
Studio 50% $21,442
3-Bedroom 50% $32,163
Maximum Income Limits
(set by the HUD + based on Household Size + AMI)
Household Size 50% AMI 51%-80% AMI 81%-110% AMI
1 $57,100 $57,101 – $91,200 $91,201 – $125,664
2 $65,300 $65,301 – $104,200 $104,201 – $143,616
3 $73,450 $73,451 – $117,250 $117,251- $161,568
4 $81,600 $81,601 – $130,250 $130,251 – $179,520
5 $88,150 $88,151 – $140,700 $140,701 – $193,882
6 $94,700 $94,701 – $151,100 $151,101- $208,243
* 2024 Area Median Incomes for the Boston, Cambridge, Quincy, MA-NH MSA
Asset Limit: $75,000 (excluding restricted assets)
Applications are available during the application period.
Monday, July 1st, 2024 — Thursday, August 1st, 2024
To complete an online application, visit: www.TheGuildAffordables.com
To have a hard copy of the application mailed to you, please email TheGuild@MaloneyProperties.com or call (617) 639-3064 Ext 774 | US Relay 711
Hard applications will be available at the entrance of the City Hall Annex located at 50 Evergreen Ave. Somerville; Somerville City Hall located at 93 Highland Ave., Somerville; and all Somerville Public Library branches.
Fully completed + signed applications must be submitted online or received (not postmarked) no later than 5pm on Thursday, August 1st, 2024
Mailed to:
Maloney Properties, Inc.
Attn: The Guild Lottery
27 Mica Lane, Wellesley, MA 02481
Or emailed to: TheGuild@MaloneyProperties.com
Information Sessions:
Wednesday, July 3rd, 2024 at 12:00PM
Wednesday, July 10th, 2024 at 6:00PM
Join Zoom Meeting
https://maloneyproperties.zoom.us/j/83085562533?pwd=L8OMSjSZkNjydXB57w29EE1Y3YnBQP.1
Meeting ID: 830 8556 2533
Passcode: 587214
Lottery Drawing Date is expected to be held within 2-3 weeks following the application deadline
Selection by Lottery. Asset, Use & Occupancy Restrictions Apply
For more information, free language assistance, or to make a request for reasonable accommodations, please call (617) 639-3064 Ext 774 | US Relay 711 or email TheGuild@MaloneyProperties.com
Equal Housing Opportunity
