1721 Springdale Rd, Cherry Hill, NJ 08003
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $930 - 1,359 per Month† | 1 - 2 Beds | 1 Bath | 655 - 875 Sq Ft |
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.
Weinberg Commons is a brand new 55+ rental community in Cherry Hill, NJ. The development features one-bedroom and two-bedroom apartment homes. Several apartments have also been designated for people with developmental disabilities in the form of special needs suites. Applicants for these units do not need to meet the 55 or older age requirement. All residents have access to on-site supportive services.
Residents enjoy an inviting community room, fitness center, computer lab, and on-site laundry facilities. Weinberg Commons has been developed in partnership with the Jewish Federation of Southern New Jersey.
Because Weinberg Commons I & II 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 |
|---|---|---|
| One Bedroom (1/1) | 655ft2 | $930 $1,128† |
| Two Bedroom (2/1) | 875ft2 | $1,234 $1,359† |
| 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 Weinberg Commons I & II have a waiting list?
Weinberg Commons I & II 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 Weinberg Commons I & II?
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 Weinberg Commons I & II?
Weinberg Commons I & II is managed by Pennrose Management Company headquartered in Philadelphia , Pennsylvania.
In addition to Weinberg Commons I & II, how many other affordable housing properties (and units) are there in Cherry Hill?
In addition to Weinberg Commons I & II, we list 9 other affordable properties in Cherry Hill. Learn about these properties here. Our data research shows that there are a total of 927 affordable units in Cherry Hill.
When was the Weinberg Commons I & II listing last updated?
Weinberg Commons I & II listing on Affordable Housing Online was last updated on 01/01/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
212 Lourdes Ct, Cherry Hill, New Jersey 08003
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