Rittenhouse School

1705 Locust St , Norristown, PA 19401

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Colleen Carter, Ric Gresia
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Waitlist Forecast

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.

Dave's Thoughts On Rittenhouse School

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 Rittenhouse School 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Rittenhouse School

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
30% AMI for PBRA Units $23,450 / year $26,800 / year $30,150 / year $33,500 / year $36,200 / year $40,280 / year $45,420 / year $50,560 / year
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
80% AMI for PBRA Units $62,500 / year $71,400 / year $80,350 / year $89,250 / year $96,400 / year $103,550 / year $110,700 / year $117,850 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Rittenhouse School

Does Rittenhouse School have a waiting list?

Rittenhouse School 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 Rittenhouse School?

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 Rittenhouse School?

Rittenhouse School is managed by Pennrose Management Company headquartered in Philadelphia , Pennsylvania.

In addition to Rittenhouse School, how many other affordable housing properties (and units) are there in Norristown?

In addition to Rittenhouse School, 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.

Listings Near Rittenhouse School

Norristown Elderly Housing

300 Walnut St, Norristown, Pennsylvania 19401

payment Subsidized

Jefferson Apartments

1514 W Marshall St, Norristown, Pennsylvania 19403

payment Subsidized

Montgomery Park Senior Housing

1301 Powell St, Norristown, Pennsylvania 19401

bed 1
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

The Communities of Norris Hills

331-333 W Logan St, Norristown, Pennsylvania 19401

bed 1-2
payment $1299-1500/mo.

536 DeKalb St

536 DeKalb St, Norristown, Pennsylvania 19401

bed 2
payment $1300/mo.

Curren Terrace Apartment Homes

1011 New Hope St, Norristown, Pennsylvania 19401

bed 1-2
payment $1405-1555/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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