341 Beech St, Pottstown, PA
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 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.
The Beech Street Factory combines affordable apartments with a community arts center to rejuvenate a forgotten Pottstown landmark. The vacant Fecera's Furniture warehouse at 341 Beech Street was rehabbed for 43 apartments, lots of resident amenity space, and the 4,000-square-foot new home of ArtFusion, Pottstown's community art school and gallery.
The apartments at the Beech Street Factory were marketed to artists and other qualified tenants. Housing Visions' on-site, full-time Property Manager will perform the following checks on each applicant: 1) Income qualification; 2) Credit check; 3) Criminal background check; 4) In-person interview; 5) Prior landlord interview. In our 20 years of development and property management experience, this process has proven a reliable method for selecting high-quality tenants who will contribute to the building's sense of community and promote neighborhood pride.
Six units are designated for individuals with developmental disabilities or mental health concerns. Six more units are designed for residents with mobility impairments, and two units are designed for individuals with hearing and/or vision loss. The development was made possible, in part, by Low-Income Housing Tax Credits administered by PHFA.
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 The Beech Street Factory 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, 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† |
| Two Bedroom One Bath (2/1) | - | Call for Price† |
| Three Bedroom One Bath (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,100 / year | $44,650 / year | $50,250 / year | $55,800 / year | $60,300 / year | $64,750 / year |
| 50% AMI for PBRA Units | $39,100 / year | $44,650 / year | $50,250 / year | $55,800 / year | $60,300 / year | $64,750 / year |
| 60% AMI for LIHTC Units | $46,920 / year | $53,580 / year | $60,300 / year | $66,960 / year | $72,360 / year | $77,700 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Beech Street Factory have a waiting list?
The Beech Street Factory 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 The Beech Street Factory?
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 The Beech Street Factory?
The Beech Street Factory is managed by Housing Vision headquartered in Syracuse, New York .
In addition to The Beech Street Factory, how many other affordable housing properties (and units) are there in Pottstown?
In addition to The Beech Street Factory, we list 11 other affordable properties in Pottstown. Learn about these properties here. Our data research shows that there are a total of 820 affordable units in Pottstown.
When was the The Beech Street Factory listing last updated?
The Beech Street Factory listing on Affordable Housing Online was last updated on 06/15/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Housing options for renters with a criminal record.
A criminal history does not automatically disqualify a renter from federal housing assistance. But more serious offenses may make you inelligible if they were recent.Mili Rodriguez says:
"Affordable Housing Online is awesome, and helps lots of people who can greatly benefit from this website."