The Elms, 105 Stow Road, Harvard, MA
The Elms is a new nine (9) unit affordable housing development located at 105 Stow Road, Harvard, MA. The nine units will be located in three buildings on a four-acre site and include a mix of six garden style one-bedroom apartments and three townhome style two-bedroom apartments.
The average size of the 1-bedroom units is 703 square feet and the 2-bedroom units is 860 square feet; both feature a kitchen, living room, and full bath. Residents of The Elms will pay for their electricity (unit electric, cooking and A/C), however, heat and hot water are included in the rent.
The affordable rents are being set based upon the 2018 Eastern Worcester County area median income (AMI) limits to households earning no more than 50% or 30% of AMI.
Tenant share of rent for the six (6) Project-Based Section 8 units will be no more than 30% of their income. The application can be downloaded here.
For the Project-based MRVP units will be no more than 50% of their income. The application can be downloaded here.
All nine units will be restricted under the HOME program rules and will have rental assistance tied to the unit.