About This Property
Silverlake Apts comprises 15 low-income units in Bristol, PA, with a mix of twelve 2-bedroom and three 3-bedroom apartments serving families. The property has been in service since 1991 and receives 4% Low-Income Housing Tax Credit financing along with CDBG funding. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Bucks 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 | $1,303 |
| 1 Bedroom | $1,451 |
| 2 Bedroom | $1,737 |
| 3 Bedroom | $2,100 |
| 4 Bedroom | $2,422 |
Income Limits - Bucks County, PA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,850
- Very Low (50%)
- $33,100
- Low (80%)
- $52,950
- Extremely Low (30%)
- $22,700
- Very Low (50%)
- $37,800
- Low (80%)
- $60,500
- Extremely Low (30%)
- $25,550
- Very Low (50%)
- $42,550
- Low (80%)
- $68,050
- Extremely Low (30%)
- $28,350
- Very Low (50%)
- $47,250
- Low (80%)
- $75,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $51,050
- Low (80%)
- $81,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,850
- Low (80%)
- $87,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $58,600
- Low (80%)
- $93,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $62,400
- Low (80%)
- $99,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,850 | $33,100 | $52,950 |
| 2 Persons | $22,700 | $37,800 | $60,500 |
| 3 Persons | $25,550 | $42,550 | $68,050 |
| 4 Persons | $28,350 | $47,250 | $75,600 |
| 5 Persons | $31,040 | $51,050 | $81,650 |
| 6 Persons | $35,580 | $54,850 | $87,700 |
| 7 Persons | $40,120 | $58,600 | $93,750 |
| 8 Persons | $44,660 | $62,400 | $99,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bristol, PA?+
The Fair Market Rent (FMR) for Bucks County, PA is: $1303 (Studio), $1451 (1BR), $1737 (2BR), $2100 (3BR), $2422 (4BR). Actual rent at subsidized properties like Silverlake Apts is typically 30% of household income or less.
What size apartments are available at Silverlake Apts?+
Silverlake Apts offers the following unit types: 12 Two-Bedroom, 3 Three-Bedroom units, for a total of 15 units.
What is the price range for apartments in Bristol, PA?+
Based on Fair Market Rent for Bucks County, the estimated price range is: 2-bedroom: $1737, 3-bedroom: $2100. Actual rent at Silverlake Apts may be lower for income-eligible households.
Who is eligible to live at Silverlake Apts?+
Silverlake Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Bucks County, PA?+
For a 4-person household in Bucks County, PA, the income limits are: Extremely Low Income (30% AMI): $28,350, Very Low Income (50% AMI): $47,250, Low Income (80% AMI): $75,600. These limits are set by HUD and updated annually.
How do I apply for housing at Silverlake Apts?+
Silverlake Apts 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.
Who manages Silverlake Apts?+
Silverlake Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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