The Cloisters is managed by Pennrose Management Company.
At Cloisters III, you’ll find a University City apartment home where everything you want is brought together: a location in the neighborhood where you want to live, amenities designed to make your life more enjoyable, and features that are both modern and centered on comfort.
Whether you choose a one or two-bedroom apartment or a one, two, three or four-bedroom townhome, you’ll find a modern floor plans and fully equipped kitchens that make coming home something special. Adding to these wonderful comforts, you’ll also enjoy all of the extras at Cloisters III such as our community room, computer lab, neighborhood parks, and a variety of resident services.
Located within walking distance of Drexel University and University of Pennsylvania, Cloisters III puts you close to the places you want to be: shopping, dining and entertainment. This is the kind of home you’ve been looking for. At Cloisters III Homes, we bring it all together.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Two Bedroom (2/1) | 944-1299 | $723 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Philadelphia but actual income limits may differ for units at The Cloisters.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $39,100 | $44,650 | $50,250 | $55,800 | $60,300 | $64,750 | $69,200 | $73,700 |
Low Income (60%) | $46,920 | $53,580 | $60,300 | $66,960 | $72,360 | $77,700 | $83,040 | $88,440 |
Day | Hours |
---|---|
Monday | 8:30am-5:00pm |
Tuesday | 8:30am-5:00pm |
Wednesday | 8:30am-5:00pm |
Thursday | 8:30am-5:00pm |
Friday | 8:30am-5:00pm |
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.