Pleasant Valley, located at 107 E Hector St in Conshohocken, has one, two and three bedroom apartments. Pleasant Valley participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.
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Pleasant Valley Apartments is a 41-unit development with all units subsidized through a HUD project-based Section 8 contract. The property is located at 107 East Hector Street, Conshohocken, Pennsylvania 19428. The development was originally built in 1982 and offers one, two, and three-bedroom units. All units are located within 4 two-story buildings. Common amenities include central laundry and on-site management. Pleasant Valley was acquired by PPD in 2017 and will undergo extensive renovations that same year.
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.
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.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Conshohocken but actual income limits may differ for units at Pleasant Valley.
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These general income qualifications for Conshohocken, Pennsylvania should only be used as a basic guide. To find out if you qualify, contact the community directly.
You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.
Pleasant Valley receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.
Pleasant Valley is managed by Preservation Partners Management Group, Inc..