The Pearl Center is a new four-story building consisting of 51 brand new apartments, a management office, maintenance office, laundry facilities, parking and furnished community lounge for programs and activities. There will be a mix of studio, one and two bedroom apartments, catering to low and moderate income households with units designated for veterans.
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Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
The Pearl Center is managed by Ingerman Property Management.