Market Square Apartments

801 Penn Street, Reading, PA 19601

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Connor Bailey, Lorena Bentley, Colleen Carter
Rent Beds Baths SqFt
$650 - 760 per Month 1 - 2 Beds 1 Bath -
check_circle  Near Elderly (55+)
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Pets Allowed
check_circle  Affordable

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Market Square Apartments are an affordable community offering one and two bedroom units for residents 55+. For more information, please contact their management office.

Dave's Thoughts On Market Square Apartments

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Market Square Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Market Square Apartments Amenities

  • Community Room
  • Close to Public Transportation
  • 24hr Emergency Maintenance
  • Off-Street Parking
  • Water Trash and Sewer Included
  • Resident Service Coordinator
  • Laundry Facilities
  • Smoke Free
  • Energy Efficient Appliances
  • Heat Included

Units at Market Square Apartments

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - $650 $670
Two Bedroom (2/1) - $760

Income Qualification for Market Square Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people
50% AMI for LIHTC Units $33,400 / year $38,150 / year $42,900 / year $47,650 / year
50% AMI for PBRA Units $33,400 / year $38,150 / year $42,900 / year $47,650 / year
60% AMI for LIHTC Units $40,080 / year $45,780 / year $51,480 / year $57,180 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Market Square Apartments

Does Market Square Apartments have a waiting list?

Market Square Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Market Square Apartments?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Market Square Apartments?

Market Square Apartments is managed by Housing Development Corporation MidAtlantic (HDC MidAtlantic) headquartered in Lancaster, Pennsylvania.

In addition to Market Square Apartments, how many other affordable housing properties (and units) are there in Reading?

In addition to Market Square Apartments, we list 66 other affordable properties in Reading. Learn about these properties here. Our data research shows that there are a total of 5236 affordable units in Reading.

When was the Market Square Apartments listing last updated?

Market Square Apartments listing on Affordable Housing Online was last updated on 04/30/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Market Square Apartments

Skyline View Apartments

50 North 9th Street, Reading, Pennsylvania 19601

bed 1
payment $345-610/mo.

Homes at Riverside

1029 Weiser St, Reading, Pennsylvania 19601

bed 2-3
switch_access_shortcut Short Wait
accessibility Accessible

Reading Elderly Housing

100 N Front St , Reading, Pennsylvania 19601

bed 1-2
payment Subsidized

Goggle Works Apartments

135 Washington St, Reading, Pennsylvania 19601

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Jamestown Village

300 Lackawanna St, Reading, Pennsylvania 19601

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized

Bookbindery

150 N 4th St , Reading, Pennsylvania 19601

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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