725 Denow Rd, Pennington, NJ 08534
Waiting List Forecast: Likely Short or None
Verified for 2018 by Joshua Cappell| 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.
Birchwood at Hopewell is a 150 unit affordable housing development for active seniors in the suburban community of Hopewell, NJ. The location provides easy access to I-95, 295, and other major roadways as well as numerous restaurants, grocery stores, and convenient shopping within one block. The complex includes 114 one- and 36 two-bedroom apartments in a single 3-story elevator building. Each apartment includes wall-to-wall carpeting, private patio/balconies, and energy-efficient air conditioning and heating. Kitchens are equipped with gourmet appliance packages including dishwashers and garbage disposals. Additionally, each unit has grab bars. The property provides luxury amenities to residents including a fully equipped exercise room, multiple activity parlors, and several library/social rooms. Residents can enjoy an outdoor recreation area complete with bocce ball and shuffleboard courts.
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 Birchwood at Hopewell 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 Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $44,200 / year | $50,500 / year | $56,800 / year | $63,100 / year |
| 50% AMI for PBRA Units | $44,200 / year | $50,500 / year | $56,800 / year | $63,100 / year |
| 60% AMI for LIHTC Units | $53,040 / year | $60,600 / year | $68,160 / year | $75,720 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Birchwood at Hopewell have a waiting list?
Birchwood at Hopewell 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 Birchwood at Hopewell?
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 Birchwood at Hopewell?
Birchwood at Hopewell is managed by Ingerman Property Management headquartered in Collingswood, New Jersey.
In addition to Birchwood at Hopewell, how many other affordable housing properties (and units) are there in Mercer County?
In addition to Birchwood at Hopewell, we list 129 other affordable properties in Mercer County. Learn about these properties here. Our data research shows that there are a total of 10069 affordable units in Mercer County.
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