Info:
Applications are available now!
Deadline for completed applications is 4pm on November 15, 2024, and must be submitted in person to Harborlight Homes at 600 Cummings Center, STE 270-X, Beverly MA 01915. (Enter in door 170-X and go to 2nd floor); or if sending by mail, to P.O. Box 507 Beverly, MA 01915 with a postmarked date of November 15, 2024.
The Lottery will take place on December 19, 2024, at 6pm on Zoom and in-person at Beverly Public Library, 32 Essex St, Beverly, MA 01915.
Following the lottery, we will have an open application period.
Public Information Sessions will be held on Zoom and in-person at the Beverly Public Library, 32 Essex St, Beverly, MA 01915.
- Public Information Session #2 – 8/15 @6pm. Join at button provided above. Log in with Meeting ID: 821 2469 7530 and Passcode: 171278 if needed.
Applications
Applications are available for pick up at Harborlight Homes, 600 Cummings Center, STE 270-X, Beverly MA 01915. (Enter in door 170-X and go to 2nd floor; Monday-Friday, 8:30a-4:30p).
Applications are available (below) by electronical printable PDF. You may also request to receive an application by mail, by emailing AP2Lottery@harborlighthomes.org or calling 978-922-1305; (TTY/TTD: Dial 711) to request an application.
FREE language assistance available for all applicants.
About the Property
Providing affordable homes for families in Beverly, MA. Apartments will be two- and three-bedroom with included utilities* (heat, A/C, electricity, water) and free on-site parking.
Homes will have tile bathrooms, large windows, wood-look vinyl plank floors, and new kitchen appliances. Card-operated laundry will be available on each floor.
There will be community gardens, a community room for (parties, meetings and small gatherings), private patios/entrances (some units), a playground, fields and splash pad for water play.
Anchor Point is close to Beverly High School, downtown Beverly shops and restaurants, MBTA Commuter Rail Route 128.
*Resident responsible for phone, wi-fi, and cable.
Two-Bedroom Maximum Income Limits Apply at 60% AMI: 2 people $78,360; 3 people $88,140; 4 people $97,920.
Two-bedroom estimated maximum rent is $2,203.
Three-Bedroom Maximum Income Limits Apply at 60% AMI: 3 people $88,140; 4 people $97,920; 5 people $105,780; 6 people $113,640.
Three-bedroom estimated maximum rent is $2,546.
FAQ
Are single applicants or couples eligible?
No, there are no one-bedroom apartments at Anchor Point 2, so single applicants or couples who are married or in a similar committed relationship would be considered over-housed by state occupancy guidelines.
Why are multiple rents listed for the same unit type?
At Anchor Point 2, apartments will be offered for households at two different income levels: 30% AMI and 60% AMI. AMI stands for Area Median Income, and this is a metric used by HUD to determine income eligibility for affordable housing across the country. Depending on the AMI limits, some applicants will pay 30% of their gross annual income toward rent – regardless of what that income may be – because the development received state and federal funding in the form of Project-Based Vouchers (PBV). For example, if you are a household whose income is $21,000/year, and you are applying for a PBV-subsidized apartment whose rent is 30% of gross income, you would pay approximately $7,000/year toward rent. For units subsidized by PBV, rents are variable based on income. Someone making $21,000/year would not pay the same amount as someone making $10,000/year, but they would pay the same percentage.
If your gross annual income places you above the 30% AMI income limit for a PBV-subsidized unit, the 60% AMI rent will be fixed in a range between the Contract Rent and the Maximum Allowable Rent. Harborlight Homes typically sets the Contract Rent to be 85% of the Maximum Allowable Rent for units that do not have PBV. Just like the AMI limits themselves, the Maximum Allowable Rents are also determined by HUD on an annual basis.
How do you determine the minimum income limit?
For the unsubsidized 60% AMI units, Anchor Point 2 has a minimum income limit so that applicants won’t pay more than 40% of their monthly income toward rent. This amount is calculated by taking the monthly Contract Rent and annualizing it for gross income. If rent constitutes more than 40% of monthly income, residents are considered “cost-burdened,” which creates hardship, stress, and financial instability for the household.
What if a member of my household does not have any income?
If you or a member of your household does not receive any income, you must submit a notarized letter of $0 income along with your application.
Is there an asset limit?
In accordance with current HUD regulations, there is no asset limit for households seeking housing at Anchor Point 2 for unsubsidized units at the 60% AMI level. Asset limits for non-retirement accounts do apply for the 30% AMI PBV-subsidized units based on subsidy program requirements (currently $100,000 for Section 8 units and $25,000 for MRVP units).
As applicable, actual income earned from assets (e.g. interest and dividends), or the imputed income of 0.40% (the current HUD Passbook Savings Rate) of assets without actual income, will be considered in the calculation of a household’s total qualifying income. Assets do not include retirement accounts or essential personal property, but may include cash, net cash value of stocks, checking and savings accounts, investment accounts, real property, CDs, bonds, cash value of life insurance policies, and capital investments, etc.
I like to go away for the winter. Can I sublease or rent out my apartment?
No, you may not sublease your apartment to another person, or operate it as an Airbnb. The affordable unit must be your principal, full-time residence. You can take occasional trips or vacations, but the duration of absences must conform to the terms of your lease and the program requirements of the property.
What if my household size is larger than the range stated for the unit size?
The State Sanitary Code governs how many people can share a bedroom and overall living space based on square footage relative to occupancy. As such, households must meet the guidelines noted on the Lottery Application for Anchor Point 2. Families cannot be “under-housed” – meaning they have too few bedrooms for the size of the household.
What if my household size is smaller than the range stated for the unit size? Can I use an extra bedroom as an office or kids’ playroom?
State regulations require at least (1) occupant per bedroom. As such, households must meet the guidelines noted on the Lottery Application for Anchor Point 2. Families cannot be “over-housed” – meaning they have too many bedrooms for the size of the household.
Do minor children have to share a bedroom?
Individual bedroom occupancy requirements are not determined by Harborlight Homes, and generally speaking families can choose to share (or not share) bedrooms as desired. However, bedroom occupancy and household size restrictions may apply for the 30% AMI subsidized units, depending on the age and sex of children and applicable subsidy program requirements.
Can I host overnight guests or short-term visitors?
Yes, you can host overnight guests or short-term visitors within the overall terms of the lease. Typically, Harborlight Homes allows residents to host guests for a maximum of (2) weeks/year for all combined guest visitors.
Are pets allowed?
No, pets are not allowed, but service and/or emotional support animals are allowed, with medical documentation.