Affordable Housing In Norristown
Montgomery County, Pennsylvania

7 Low Income Apartment Communities In Norristown

Montgomery Park Senior Housing Phase 1

1301 Powell Street
Norristown, PA
Call For Rent
1 BR
62+

Norristown Elderly Housing

300 Walnut St
Norristown, PA
Subsidized

Jefferson Apartments

1514 W Marshall St
Norristown, PA
62+
Accessible
Elderly Supportive Housing
Subsidized

Rittenhouse School

1705 Locust St
Norristown, PA

Residential Options II

711 Sunnyside Ave
Norristown, PA
62+
Accessible
Elderly Supportive Housing
Subsidized

829 Swede St

829 Swede St
Norristown, PA
HCV Welcome

618 - 620 Cherry St

618 Cherry St
Norristown, PA
HCV Welcome
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There are 7 low income housing apartment complexes which contain 410 affordable apartments for rent in Norristown. Many of these rental apartments are income based housing with 353 apartments that set rent based on your income. In Norristown, HUD housing programs support 339 rental assistance apartments through programs like Project-based Section 8. There are 57 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Norristown

Housing Authority Programs
Montgomery County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Norristown, Pennsylvania

Norristown, PA Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 410
Total Rent Assisted Apartments 353
Percentage of Housing Units Occupied By Renters 61.3%
Average Renter Household Size 2.59
Total Population 34,500
Housing Units 12,464
Average Household Size 2.70
Median Household Income $41,856 ±$2,477
Median Rent $1,011 ±$43
Percentage Of Renters Overburdened 55.36% ± 5.73pp

Population and Household Demographics

Norristown is a City in Montgomery County, Pennsylvania with a population of 34,500. There are 12,464 households in the city with an average household size of 2.70 persons. 61.3% of households in Norristown are renters.

Income and Rent Overburden in Norristown

The median gross income for households in Norristown is $41,856 a year, or $3,488 a month. The median rent for the city is $1,011 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Norristown, a household making less than $3,370 a month would be considered overburdened when renting an apartment at or above the median rent. 55.36% of households who rent are overburdened in Norristown.1

Area Median Income In Norristown

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Norristown, the AMI is calculated from all households within Montgomery County.

In Norristown, HUD calculates the Area Median Income for a family of four as $90,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Norristown

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Norristown HUD Rental Assistance in Norristown

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,950 $21,650 $24,350 $27,050 $30,170 $34,590 $39,010 $43,430
50% of Median $31,550 $36,050 $40,550 $45,050 $48,700 $52,300 $55,900 $59,500
80% of Median $50,500 $57,700 $64,900 $72,100 $77,900 $83,650 $89,450 $95,200
Low Income Housing Tax Credits in Norristown

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 1990, 3 low income apartment communities containing 8 rental apartments have been constructed and made affordable to low income persons in Norristown by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Norristown

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $31,550 $36,050 $40,550 $45,050 $48,700 $52,300 $55,900 $59,500
60% of Median $37,860 $43,260 $48,660 $54,060 $58,440 $62,760 $67,080 $71,400

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Norristown is $48,660 a year, or $4,055 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,055 by 30% to get a maximum rent of $1,217 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $789 $845 $1,014 $1,172 $1,308 $1,443
60% $947 $1,014 $1,217 $1,406 $1,569 $1,731
Fair Market Rents in Norristown

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$840 $992 $1,200 $1,503 $1,715