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.
|One Bedroom (1/1)||655-685||From $930 To $1,128|
|Two Bedroom (2/1)||875||From $1,234 To $1,359|
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
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.
Weinberg Commons I & II is managed by Pennrose Management Company.