UDR Apartments Currents on the Charles

Currents on the Charles is proud to offer affordable housing under the 40B - 80% AMI Moderate Income Program. The program is designed to increase affordable housing opportunities in the Waltham area and ensure that homes remain affordable over time.

Occupancy & Income Limits

Occupancy Guidelines

Bedrooms	Household Size
Studio	1 – 2 Persons
1 Bedroom	1 – 2 Persons
2 Bedroom	2 – 4 Persons
3 Bedroom	3 – 6 Persons

Income Requirements

Bedrooms	Household Size	Minimum Income	Maximum Income
Studio	1 Person	$68,640	$96,000
Studio	2 Persons	$68,640	$109,700
1 Bedroom	1 Person	$76,500	$96,000
1 Bedroom	2 Persons	$76,500	$109,700
2 Bedroom	2 Persons	$85,680	$109,700
2 Bedroom	3 Persons	$85,680	$123,400
2 Bedroom	4 Persons	$85,680	$137,100
3 Bedroom	3 Persons	$96,810	$123,400
3 Bedroom	4 Persons	$96,810	$137,100
3 Bedroom	5 Persons	$96,810	$148,100
3 Bedroom	6 Persons	$96,810	$159,050

*Income and occupancy limits are subject to change based on HUD and local updates.

Woman sitting at kitchen counter using laptop computer

Qualification Requirements

The Program requires that all applicants complete a Tenant Income Certification Form at both Initial Certification and Annual Recertification and provide the income documents listed below. Additional documents may be requested if needed to determine eligibility.

Employment: Paycheck stubs from all jobs — eight (8) most current paystubs if paid weekly, four (4) most current paystubs if paid biweekly.
Unemployment: Benefit documentation outlining the weekly award amount.
Workman’s Comp / Severance Pay: Three (3) most recent pay statements and the award letter showing the approved amount.
Bank Accounts: Five (5) months of statements from all accounts, current and complete, including all pages and separated by month.
Certificates of Deposit (CDs): The most recent statement.
Retirement Accounts: 401(k)s, IRAs, or similar — the most recent statement.
Taxes: Most current tax year with all W-2s and 1099s, if applicable. If you have not filed, contact the IRS for a statement of non-filing at 1-800-829-1040 or visit IRS.gov and search “Get My Taxes” to obtain a non-filing letter.
Social Security: Benefit form for the current year stating the monthly benefit amount, along with the prior year’s 1099.
Self-Employment: Two (2) years of complete tax returns with Schedule C showing profit/loss, including all 1099s and completed self-employment forms.
Pension: Two (2) to three (3) most recent monthly statements or stubs showing the awarded amount.
Child Support: Court agreement outlining the benefit amount. If received without a court order, provide a written statement indicating the amount and frequency received.
Alimony: Court agreement outlining the awarded amount and payment frequency.
Title IV / TANF: Most recent benefit form showing the awarded amount.
Real Estate: Applicants may not own real estate while residing in an affordable apartment.

Apartment Homes Starting At

Studio: Starting at $2,288 | 609 sq. ft.

One Bedroom: Starting at $2,550 | 649-914 sq. ft.

Two Bedrooms: Starting at $2,856 | 1078-1204 sq. ft.

Three Bedrooms: Starting at $3,227 | 1420 sq. ft.

More Information

If you have any questions or would like to apply, please email us at [email protected]. In the subject line, please include the name of the community you are interested in.

Due to the high volume of inquiries, we’re unable to respond to individual requests regarding your position on the waitlist. Rest assured—we’ll reach out to you directly as soon as your potential home becomes available. We truly appreciate your patience and understanding.

36 River Street,
Waltham, MA 02453

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Affordable Housing at Currents on the Charles