1508 Mount Holly Rd, Burlington, NJ 08016
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
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.
Springside School Apartments is been restored to preserve the historic school building’s original grandeur while providing a range of amenities for today’s lifestyle. Offering one and two bedroom apartments, Springside was designed for individuals 55+. The original school building, dating back to 1916, was converted into affordable apartments with a community room located in the former gymnasium. Additional apartments were added in a newly constructed addition, some of which are set aside for people with special needs.
Springside School Apartments is a joint venture between The Moorestown Ecumenical Neighborhood Development (MEND) and Conifer Realty, LLC. To learn more about MEND, visit mendinc.org
Springside School was entered into the New Jersey Register of Historic Places on January 22, 2015. The New Jersey Register is the official list of New Jersey properties worthy of preservation.
Because Springside School participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,100 / year | $44,650 / year | $50,250 / year | $55,800 / year |
| 50% AMI for PBRA Units | $39,100 / year | $44,650 / year | $50,250 / year | $55,800 / year |
| 60% AMI for LIHTC Units | $46,920 / year | $53,580 / year | $60,300 / year | $66,960 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Springside School have a waiting list?
Springside School 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 Springside School?
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 Springside School?
Springside School is managed by Conifer Realty, LLC headquartered in Rochester, New York.
In addition to Springside School, how many other affordable housing properties (and units) are there in Burlington?
In addition to Springside School, we list 6 other affordable properties in Burlington. Learn about these properties here. Our data research shows that there are a total of 478 affordable units in Burlington.
When was the Springside School listing last updated?
Springside School listing on Affordable Housing Online was last updated on 01/02/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
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