Grove Street Landing, Phase 2
Grove Street Landing is a residential development in Salem consisting of 124 units. 12 of the units are designated as income-restricted, and rented to households earing at or below 80% AMI (Area Media Income). The Phase 2 Lottery will have 4 units.
The Link to the Lottery Results is HERE
THE DEADLINE FOR THIS LOTTERY WAS:
October 9, 2026
Thank you for your interest in Grove Street Landing, Phase 2. Click below to see our current affordable apartment rental opportunities.
If you applied to this lottery, ACRES will contact you by email with regular status updates after the lottery drawing. If you did not provide an email address, we’ll contact you by USPO at the mailing address you provided.
FEATURES
Elevator
On-Site Parking (additional fees apply)
On-Site Storage (additional fees apply)
EV Chargers (for every parking spot)
Package Room
Fitness Center
Co-Working Stations
Community Room (with lounge seating, kitchen, fireplace, & TV)
Common Rooftop Terrace (with grilling stations, lounge seating, gas fireplace, & TV)
Dog Park
NEIGHBORHOOD
LOTTERY PROCESS
Applications will be distributed between the dates stated above. Applications will be made available online, by mail, and in person during the scheduled distribution times. Applicants who prefer to submit a hard copy of the application (versus the online application) are required to mail the completed application back to ACRES LLC. The application must be postmarked on or before the application deadline date. Applications will also be accepted by email.
1. Applicants who submit a complete application by the deadline will then be entered into the lottery.
2. All applicants will receive an application number.
3. The application number is used for the lottery to keep the identity of applicants confidential.
4. ACRES will then conduct a lottery, where each applicant will be assigned a randomized lottery number.
5. Following the lottery, we will then show the units to the top applicants based on their ranking, which factors in preferences, then the lottery number. 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.
FAQ / FREQUENTLY ASKED QUESTIONS
Income Questions:
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.
Property Questions:
What are the move-in fees? First month’s rent (prorated), a security deposit equal to one month’s rent, & a $250 lock and key fee.
What utilities are included in the rent? None. Tenants are responsible for all utilities, including gas (heating/cooling, hot water, laundry, & cooking), electricity (general), water/sewer, & cable/internet (optional).
Is the stove electric or gas? Gas.
Is the washer/dryer included? Yes. In-Unit (Gas).
Is parking available? On-site parking is available to rent on a first-come, first-served basis. Garage parking is an additional $75/month while surface parking is an additional $35/month. Pricing is subject to change.
Is storage available? Additional, on-site storage is available to rent on a first-come, first-served basis. The fee is TBD.
What is the pet policy? Pets are allowed with a max of 2 pets per apartment for an additional $50/month per pet. The fee is subject to change. Service animals are permitted for no additional fees with proper documentation.
If you have additional questions about this property, please contact us using the form or contact information below.
Email: GroveStreetLanding@MaloneyProperties.com
