1400 W Wyomissing Blvd, Reading, PA 19609
Waiting List Forecast: Likely Short or None
Verified for 2018 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 510 - 750 Sq Ft |
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.
Penns Crossing is available to individuals 62 years of age and older and contains affordable one and two bedroom apartments operated under the Low Income Housing Tax Credit Program. The three-story building (with elevator) is located just off Route 724 in West Lawn, Pennsylvania.
Because Penns Crossing 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 |
|---|---|---|
| 1 Bedroom (1/1) | 510ft2 | Call for Price† |
| 2 Bedroom (2/1) | 750ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $33,400 / year | $38,150 / year | $42,900 / year | $47,650 / year |
| 50% AMI for PBRA Units | $33,400 / year | $38,150 / year | $42,900 / year | $47,650 / year |
| 60% AMI for LIHTC Units | $40,080 / year | $45,780 / year | $51,480 / year | $57,180 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Penns Crossing have a waiting list?
Penns Crossing 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 Penns Crossing ?
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 Penns Crossing ?
Penns Crossing is managed by Arbor Management headquartered in Wilmington , Delaware.
In addition to Penns Crossing , how many other affordable housing properties (and units) are there in Reading?
In addition to Penns Crossing , we list 66 other affordable properties in Reading. Learn about these properties here. Our data research shows that there are a total of 5236 affordable units in Reading.
801 Penn Street, Reading, Pennsylvania 19601
135 Washington St, Reading, Pennsylvania 19601
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Libby Trahan says:
"I knew nothing about Section 8 or other affordable housing options, but Affordable Housing Online is very informative and I have learned about resources that I never knew were available."