1301 Powell St, Norristown, PA 19401
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Lorena Bentley, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 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.
Montgomery Park Senior Housing provides affordable 1-bedroom units for those 62 and older in the town of Norristown, PA. Located between Powell and Locust Street, Montgomery Park includes community rooms and kitchens, social services, on-site parking, laundry, and lounge areas. The community is located near several retail centers, emergency services, post office, and public transportation. The apartments are also located across the street from Einstein’s Nicholas and Athena Karabots Medical Building to benefit the senior residents.
Because Montgomery Park Senior Housing 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 One Bath (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people |
|---|---|---|
| 50% AMI for LIHTC Units | $39,100 / year | $44,650 / year |
| 50% AMI for PBRA Units | $39,100 / year | $44,650 / year |
| 60% AMI for LIHTC Units | $46,920 / year | $53,580 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Montgomery Park Senior Housing have a waiting list?
Montgomery Park Senior Housing 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 Montgomery Park Senior Housing?
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 Montgomery Park Senior Housing?
Montgomery Park Senior Housing is managed by Altman Management Company (Altman Group of Companies) headquartered in Fort Washington , PA.
In addition to Montgomery Park Senior Housing, how many other affordable housing properties (and units) are there in Norristown?
In addition to Montgomery Park Senior Housing, we list 17 other affordable properties in Norristown. Learn about these properties here. Our data research shows that there are a total of 450 affordable units in Norristown.
When was the Montgomery Park Senior Housing listing last updated?
Montgomery Park Senior Housing listing on Affordable Housing Online was last updated on 05/14/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
331-333 W Logan St, Norristown, Pennsylvania 19401
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