Phase 2 of the Coolidge at Sudbury, a 55+ community offering affordable rental units for seniors and older adults, is now accepting lottery applications.
The Coolidge at Sudbury has been developed by B’nai B’rith Housing, a nonprofit developer whose mission is to ease the housing crisis in the greater Boston area. Peabody Properties, a full-service real estate and property management firm, is overseeing the leasing process of the community.
Phase 2 of the Coolidge at Sudbury is a new senior housing development for those ages 55 and older. It includes 56 apartment units with elevators, both garage and surface parking, and is located adjacent to Phase 1 at 187 Boston Post Road(Route 20) in Sudbury. The one-bedroom, one-bathroom rental apartments are approximately 675 square feet, and similar to Phase 1, the new building includes common spaces and amenities such as a meeting room, library, and fitness center, as well as offices for a property manager and on-site resident service coordinator, to which all residents will have access. The Coolidge at Sudbury 2 is moderate-income housing for seniors, where income guidelines apply.
Prior to Phase 1 of the Coolidge at Sudbury, senior housing, and particularly affordable senior housing, was in short supply in and around Sudbury, yet over 25% of Sudbury households have at least one member who is over 60 years old. Notably, over one-quarter of these households are individuals living alone. Of Lincoln-Sudbury seniors, 30% of households over 65 years earn less than $50,000 per year (2000 U.S. Census, localized data set). The town of Sudbury will receive annual real estate taxes from the Coolidge at Sudbury.
“We are proud to partner with B’nai B’rith Housing on the second phase of this beautiful community,” said Karen Fish-Will, principal and CEO of Peabody Properties. “These communities offer not only an affordable option for our seniors, but promote continued wellness, health and education as well.” Susan Gittelman, executive director for B’nai B’rith Housing, added that, based on the partnership between Peabody Properties and BBH, “… we are building ‘community’ within our communities… a value we share with Peabody in terms of how they approach their work in a multi-cultural environment.”
For more information about this property, income guidelines or to access an application, please visit CoolidgeSudbury.com or call 781-794-1044. The application deadline is June 18, 2020.
About Peabody Properties
Peabody Properties is a full-service real-estate firm which manages more than 13,000 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, who were recently ranked #31 (out of 50) on Glassdoor’s 2018 SMB Top CEOs list. 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 #49 on the 2019 National Affordable Housing Management Association (NAHMA) Affordable 100 List, as well as a 2017, 2018, and 2019 Top Place to Work by the Boston Globe and 2018 and 2019 Glassdoor Best Place to Work (most recently ranked at #10). 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.
