Peabody Properties to Host January 4th Information Session for Bethany Apartments

BRAINTREE, Mass. - Dec. 29, 2017 - PRLog -- Full-service real estate and property management firm Peabody Properties (http://www.peabodyproperties.com) will conduct two informational sessions on Thursday, January 4th, at 3 p.m. and 6 p.m. regarding Bethany Apartments, a mixed-income rental community, offering 37 one-, two-, and three-bedroom apartment layouts, located at 369 Washington Street (Route 53) in Hanover.  The development is the historic adaptive conversion of the former Kennedy Hall dormitory into apartments.

The development is being sponsored by the Planning Office for Urban Affairs (POUA) (www.poua.org).

Move-ins are expected to take place in the spring, 2018.  Residents will be selected via lottery, which is scheduled for January 30, 2018, at 11 a.m. at Barstow Village in Hanover.    Postmark deadline for the lottery application is January 19, 2018.   For more information and to download a lottery application, please visit www.BethanyApts.com or by calling 781-794-1046.  Application pick-up locations (available thru 1/19/18) are located at Hanover Town Hall, 550 Hanover Street; Hanover Library, 534 Hanover Street; and Barstow Village, 60 Legion Drive in Hanover.

WHAT:          Information Sessions for Bethany Apartments

WHERE:          Barstow Village, 60 Legion Drive, Hanover

WHEN:          Thursday, January 4, 2018

3 p.m. and 6 p.m.

About Bethany Apartments

With traditional charm and a bit of modern flair, future residents will enjoy a host of features and amenities in these one-, two- and three-bedroom apartments. Hanover is considered one of the best of the South Shore towns with excellent school choices and a wide range of retail and grocery stores, restaurants and picturesque parks and playgrounds. This very convenient location is close by Routes 3, 53 & 139, and the MBTA Commuter Rail is just a short drive away, giving residents direct access to downtown Boston.  Creating a vibrant community where residents have access to transportation, recreation and community resources was of paramount importance to the POUA development team.  Added amenities include a vibrant community gathering space with kitchen, laundry care suite, resident lounge, bicycle storage and fitness center.

In addition, a local preference applies during the initial lottery process (see application for full details).  Types of apartments available, along with rents and income limits are noted below.

Program Rents & Guidelines

Type  #Of Apts.  Gross Rent  Program Type
1BR  3  $1,364  100% AMI
1BR  1  $970*  50% AMI
2BR  6  $1,580  100% AMI
2BR  3  $1,396*  60% AMI
2BR  16  $1,163*  50% AMI
3BR  1  $1,872  100% AMI
3BR  1  $1,613*  60% AMI
3BR  2  $1,344*  50% AMI

Program Income Limits

#HH  50% AMI  60% AMI  100% AMI
1  $36,200  $43,440  $72,400
2  $41,400  $49,680  $82,800
3  $46,550  $55,860  $93,100
4  $51,700  $62,040  $103,400
5  $55,850  $67,020  $111,700
6  $60,000  $72,000  $120,000

AMI=Area Median Income, as of 4/14/17

*Utility allowance to be determined & deducted from gross rent allowable

Rents, utility allowances & income limits based on HUD guidelines & subject to change.  Please inquire in advance for reasonable accommodation.  Photo featured in press release is of existing building.  New construction may vary slightly.  Information contained herein subject to change without notice.

About Peabody Properties, Inc.

Peabody Properties is a full-service real-estate firm which manages more than 12,000 units of housing, primarily in New England. The award-winning, privately held corporation and Accredited Management Organization (AMO) was incorporated in 1976 and is under the direction of Karen Fish-Will and Melissa Fish-Crane.  In 1995, Peabody Properties recognized its long-term commitment to Resident Services as a unique area of expertise within the field of property management and established a new, specialty sector.  Peabody Resident Services, Inc. is dedicated solely to the development of support services and programs for residents of affordable housing.  Peabody Properties is designated as a Woman Business Enterprise (WBE), is certified by the Massachusetts State Office of Minority and Women Business Assistance (SOMWBA) and was recently ranked in the top 60 on the 2017 National Affordable Housing Management Association (NAHMA) Affordable 100 List, as well as a 2017 Top Place to Work by the Boston Globe and 2018 Glassdoor Best Place to Work. Peabody Properties maintains headquarters at 536 Granite Street, Braintree, MA 02184. The firm also has offices in New Jersey and Florida. For additional information please visit http://www.peabodyproperties.com.