3500 Mechanicsville Rd., Bensalem, PA 19020
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,165 per Month† | 1 Bed | 1 Bath | 588 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.
Bensalem Veterans Residences is a brand new rental community for seniors and veterans 62 and older located in Bensalem, PA. The development features 40 high-quality, one-bedroom apartment homes.
Residents enjoy an inviting resident lounge with exterior patio, laundry facilities on each floor, a fully equipped fitness room, and a community service office with a conference space where local veteran organizations can meet. In each one-bedroom apartment, amenities include a modern kitchen, central heating and air, ceramic tiled baths, and more.
Because Bensalem Veterans Residences 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) | 588ft2 | $1,165† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,100 / year | $44,650 / year | $50,250 / year | $55,800 / year | $60,300 / year | $64,750 / year | $69,200 / year | $73,700 / year |
| 50% AMI for PBRA Units | $39,100 / year | $44,650 / year | $50,250 / year | $55,800 / year | $60,300 / year | $64,750 / year | $69,200 / year | $73,700 / year |
| 60% AMI for LIHTC Units | $46,920 / year | $53,580 / year | $60,300 / year | $66,960 / year | $72,360 / year | $77,700 / year | $83,040 / year | $88,440 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Bensalem Veterans Residences have a waiting list?
Bensalem Veterans Residences 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 Bensalem Veterans Residences?
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 Bensalem Veterans Residences?
Bensalem Veterans Residences is managed by Pennrose Management Company headquartered in Philadelphia , Pennsylvania.
In addition to Bensalem Veterans Residences, how many other affordable housing properties (and units) are there in Bensalem?
In addition to Bensalem Veterans Residences, we list 8 other affordable properties in Bensalem. Learn about these properties here. Our data research shows that there are a total of 924 affordable units in Bensalem.
When was the Bensalem Veterans Residences listing last updated?
Bensalem Veterans Residences listing on Affordable Housing Online was last updated on 06/23/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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