About This Property
Towanda Terrace comprises 38 one-bedroom units designated for low-income elderly residents in Towanda, Pennsylvania. The property has been in service since 2015 and is owned by a non-profit organization. All units serve the senior population in Bradford County.
Property Details
Fair Market Rent - Bradford County, PA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $738 |
| 1 Bedroom | $743 |
| 2 Bedroom | $882 |
| 3 Bedroom | $1,140 |
| 4 Bedroom | $1,340 |
Income Limits - Bradford County, PA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,100
- Very Low (50%)
- $23,450
- Low (80%)
- $37,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,800
- Low (80%)
- $42,900
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,150
- Low (80%)
- $48,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,500
- Low (80%)
- $53,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,200
- Low (80%)
- $57,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,900
- Low (80%)
- $62,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,550
- Low (80%)
- $66,500
- Extremely Low (30%)
- $44,250
- Very Low (50%)
- $44,250
- Low (80%)
- $70,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,100 | $23,450 | $37,550 |
| 2 Persons | $17,420 | $26,800 | $42,900 |
| 3 Persons | $21,960 | $30,150 | $48,250 |
| 4 Persons | $26,500 | $33,500 | $53,600 |
| 5 Persons | $31,040 | $36,200 | $57,900 |
| 6 Persons | $35,580 | $38,900 | $62,200 |
| 7 Persons | $40,120 | $41,550 | $66,500 |
| 8 Persons | $44,250 | $44,250 | $70,800 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Towanda, PA?+
The Fair Market Rent (FMR) for Bradford County, PA is: $738 (Studio), $743 (1BR), $882 (2BR), $1140 (3BR), $1340 (4BR). Actual rent at subsidized properties like Towanda Terrace is typically 30% of household income or less.
What size apartments are available at Towanda Terrace?+
Towanda Terrace offers the following unit types: 38 One-Bedroom units, for a total of 38 units.
How do I apply for housing at Towanda Terrace?+
Towanda Terrace is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What are the income limits for affordable housing in Bradford County, PA?+
For a 4-person household in Bradford County, PA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,500, Low Income (80% AMI): $53,600. These limits are set by HUD and updated annually.
Who manages Towanda Terrace?+
Towanda Terrace is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Towanda Terrace?+
Towanda Terrace primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Towanda, PA?+
Based on Fair Market Rent for Bradford County, the estimated price range is: 1-bedroom: $743. Actual rent at Towanda Terrace may be lower for income-eligible households.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
