Welcome to 555 Merrimack
New affordable rental apartments in Lowell, MA
Brand new rental community offering affordable studio, one- and two-bedroom apartments just steps from downtown Lowell. Amenities include new construction, air conditioning, onsite laundry, and a fantastic location.
7 Studios
Units have project based subsidy and residents will pay 30% of income for rent.
11 One-Bedrooms
Rent from $1,117 – $1,341
9 Two-Bedrooms
Rent $1,609
All 27 units have a preference for households with income at or below 60% AMI that also qualify for voluntary services, including supportive services focused on recovery from substance use disorder. Applicants who indicate that they have a need for these services will have a preference for housing.
Heat, electric and hot water are included in the rent.
8 units have Section 8 subsidy, and 8 units have MRVP and pay 30% of income for rent.<
Rents and income limits are subject to change based on applicable regulations.
Maximum Income Limits |
|||
|---|---|---|---|
| HH Size | 30% AMI | 50% AMI | 60% AMI |
| 1 | $26,550 | $44,250 | $53,100 |
| 2 | $30,350 | $50,550 | $60,660 |
| 3 | $34,150 | $56,850 | $68,220 |
| 4 | $37,900 | $63,150 | $75,780 |
APPLICATION
You may request a waitlist application by calling: (978) 454-5595 / Relay #711
Completed applications should be mailed to:
Maloney Properties, Inc.
517A Moody Street
Lowell, MA 01854
For more information or if you or a family member has a disability or limited English proficiency, and as a result need assistance completing the application and/or require any assistance during the application process, please contact us:
Email: [email protected] or Tel: (978) 454-5595 | Relay #711
Sponsored by:
