Cedar Park One64
Cedar Park One64 is a residential development located in Melrose consisting of 80 units. 20 of the units are designated as income-restricted and rented to Households earning at or below 80% AMI (Area Median Income).
FEATURES
Elevator
Garage & Surface Parking (additional fees apply)
Bike Storage (with bike repair station)
Community Lounge (with outdoor patio access)
Co-Working Lounge
Community Rooftop Lounge (with outdoor terrace access)
Pet Spa
NEIGHBORHOOD
JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY
Minimum Income Limits apply unless the household receives mobile housing assistance (including, but not limited to, VASH, Section 8, & MRVP)
- Program: 40B/MassHousing
- Number of Income-Restricted Apartments: 20 (Two Studio Units, Fourteen 1-Bedroom Units, Two 2-Bedroom Units, & Two 3-Bedroom Units)
- Apartment Sizes: Studio, 1-Bedroom, 2-Bedroom, & 3-Bedroom
- Income-Restricted, ADA-Accessible Apartments: 1 (One 1-Bedroom Unit built out for Households with Mobility Impairments)
- Maximum Income Limit: 80% AMI (Area Median Income) — Based on HUD Limits
- Asset Limit: No Asset Limit for 40B
Income Limits and Rent Limits are determined by HUD on an annual basis. To find out more about the current year’s Limits, please visit this link.
Current Rental Availability
2026 HUD Income Limits
| Household Size | 50% | 60% | 65% | 80% | 120% |
|---|---|---|---|---|---|
| 1 Person | $60,000 | $72,000 | $78,000 | $96,000 | $138,264 |
| 2 Person | $68,600 | $82,320 | $89,180 | $109,700 | $158,016 |
| 3 Person | $77, 150 | $92,580 | $100,295 | $123,400 | $177,768 |
| 4 Person | $85,700 | $98,760 | $111,410 | $137,100 | $197,520 |
| 5 Person | $92,600 | $111,120 | 120,380 | $148,100 | $213,322 |
| 6 Person | $99,450 | $119,340 | 129,285 | $159,050 | $229,123 |
NEXT STEPS
APPLICATION DISTRIBUTION PERIOD: October 21, 2026 – December 21, 2026
APPLICATION DEADLINE: December 21, 2026
To download a PDF application to be mailed, faxed, or dropped off, please follow THIS LINK
Join the Wednesday, November 18, 2026, 12PM Information Session HERE
Email: Info@ACRESCompliance.com Phone: (617) 675-1083 | US Relay 711
LOTTERY PROCESS
Applications will be available during the distribution period stated above and may be obtained by email, mail, or independently online. Applicants who choose to submit a paper application rather than apply through our digital methods must mail the completed application to ACRES Consulting LLC. Mailed applications must be postmarked on or before the application deadline to be entered into the lottery drawing. Completed applications may also be submitted by email or through the online application form.
1. Applicants who submit a complete application by the deadline will be entered into the lottery drawing.
2. All applicants will receive an application number along with the lottery drawing date 1-2 weeks after the application deadline (Application numbers are used for the lottery drawing to keep the identities of applicants confidential).
3. ACRES will then conduct a lottery drawing, where each applicant will be assigned a randomized lottery number.
4. Following the lottery drawing, we will sort and rank the lottery lists, which factor in the preferences allotted to that lottery and then the randomized lottery number.
5. Once we finalize the sorting and ranking, we invite the top applicants forward and show the units. At this stage, we will begin to request supporting documentation (paystubs, bank statements, taxes, etc.).
Please note that entry in the Lottery Drawing does not constitute qualification or eligibility. Applicant’s eligibility will be determined post-lottery.
INCOME & ELIGIBILITY QUESTIONS / FAQ
How is my income calculated?
The household income is calculated based on the gross income of the household. Commissions, bonuses and other regular payments are included and considered part of the gross annual income.
I didn’t file taxes last year. What do I need to provide?
Individuals or households who did not file taxes must provide a verification of non-filing from the IRS in lieu of a tax return. To obtain the verification of non-filing, applicants should fill out a 4506-T form and file it by mail or hand-deliver it to an IRS office. The IRS will mail back a letter of verification which must be provided with the income materials given to the marketing agent. See the IRS website to download a 4506-T form.
I received a pay raise between the time I picked up an application and the time I was income certified and now I am over the income limit. What do I do?
Income is calculated at the time the applicant submits an application to the lottery agent, not during the application process or at the time of the lottery. Eligibility must be maintained from the time of the application pick up until after income certification verification. Unfortunately, if an applicant’s income is over the income limit, the applicant will not be eligible for the particular unit for which they applied.
I have children in school/college, how does this affect my application?
Income from children under 18 and other dependents in school full-time is not counted the same as other sources of income. Any such earnings above $480 in annual income would not be counted towards the income limit.
Are student loans considered income?
Student loans are not considered income and may not be used to income qualify.
I am separated from my spouse, does this affect my application?
Legally married couples shall both be considered part of the household, even if separated. Applicants with additional questions regarding this policy must speak with the marketing agent/seller.
I would like to appeal a decision regarding income eligibility. How do I appeal? Applicants who are rejected will receive a rejection letter in writing and will be given 7 days for the opportunity to appeal the decision.
LOTTERY QUESTIONS / FAQ
When is the lottery?The lottery date will not be scheduled until after the application deadline. The lottery is scheduled and the lottery date is typically held 4-5 weeks after the application deadline. All applicants will receive notification of the date, time, and location of the lottery, as well as their application number. The lottery will be open to the public.
Do I have to attend the lottery?No. All applicants will be notified of their lottery number after the lottery.
When will I be contacted?We will begin contacting only the top applicants following the lottery drawing.
Can I rent out my unit?You must agree to live in this property as your principal place of residence. In no event are you allowed to rent the property.
What is my Application Number and Lottery Number?We will mail a letter to all Applicants entered in the Lottery Drawing providing their unique application Number. We will mail out a second notification letter after the lottery has taken place. The lottery number is assigned by the person who conducts the Lottery Drawing. Per the Fair Housing Commission guidelines, applications will be sorted by bedroom size and income level, then for preferences, followed by the lottery number. An Applicant’s “rank position” is determined by a combination of all the sorting factors – not just the Lottery Number.
PROPERTY & COMMUNITY QUESTIONS / FAQ
Property Questions:
What are the move-in fees? First month’s rent (prorated), a $500 application fee (credited to first month’s rent), a security deposit equal to one month’s rent, & a lock and key fee.
What utilities are included in the rent? None. Tenants are responsible for all utilities, including electricity (heating/cooling, hot water, cooking, & laundry), water/sewer, & cable/internet (optional). Gas is not a utility at this property.
Is the stove electric or gas? Electric.
Is the washer/dryer included? Yes. In-Unit (Electric).
Is parking available? On-site garage and surface parking are available to rent on a first-come, first-served basis for an additional $100/month. Price is based on market rate and subject to change.
Is storage available? Additional on-site storage is neither included nor available to rent/purchase.
What is the pet policy? Pets are allowed for an additional $75/month per pet. Price is based on market rate and subject to change. Service animals are permitted for no additional fees with proper documentation.
If you have additional questions about this property, please sign up for our weekly newsletter to be informed of when this rental lottery opportunity begins!
Email: Info@ACRESCompliance.com
