How many affordable housing units are in Boston?

Currently, there are 55,122 housing units in Boston that are income-restricted to low- and middle-income households.

Who qualifies for affordable housing in Boston?

Eligibility – Applicants must be under the age 60 and eligible to live in elderly/disabled state funded public housing. Households must typically earn no more than 80 percent of average median income (AMI).

How does affordable housing work in MA?

Chapter 40B is the state’s Affordable Housing Law. The law allows developers to build affordable housing by allowing for a streamlined permit process and more flexible zoning rules. The process is available to developments that devote at least 20 to 25% of their units to low and moderate income families.

How do people afford apartments in Boston?

Boston Apartments: How much rent can you afford?

1. Most landlords in Back Bay, Midtown or the Seaport District require your gross annual income (before taxes) be 30 times your monthly rent.
2. An easy way to determine how much rent you can afford is to divide your income by 30.
3. 60,000/30 = 2,000.

What is considered low income in Boston?

(FYI: “AMI” as seen in the chart refers to area median income; it’s just another way of breaking down low income and middle income but in general, as mentioned above, low income = up to $50k and middle income= $50k-125k).

Can I afford to move to Boston?

This guideline says that the household income must be at least 40 times the monthly rent. For example: two bedroom median rent across Boston is currently $2,600. A Boston household will need to make at least $104,000 combined for an apartment at that price.

Is 60k enough to live in Boston?

Yes. Easy. You won’t be living in luxury or saving much, but you can easily live in Boston on 60k. 60k a year pre tax is approximately 45k after tax.

What is a livable salary in Boston?

Living Wage Calculation for Boston-Cambridge-Newton, MA