About This Property
Cherrytree Apts comprises 33 low-income units in Albion, PA and has served families since 1991. The property offers a mix of 16 one-bedroom and 17 two-bedroom apartments and is financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Erie 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 | $726 |
| 1 Bedroom | $757 |
| 2 Bedroom | $983 |
| 3 Bedroom | $1,227 |
| 4 Bedroom | $1,345 |
Income Limits - Erie County, PA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,300
- Very Low (50%)
- $23,800
- Low (80%)
- $38,100
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,200
- Low (80%)
- $43,550
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,600
- Low (80%)
- $49,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,000
- Low (80%)
- $54,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,750
- Low (80%)
- $58,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,450
- Low (80%)
- $63,150
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,200
- Low (80%)
- $67,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $44,900
- Low (80%)
- $71,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,300 | $23,800 | $38,100 |
| 2 Persons | $17,420 | $27,200 | $43,550 |
| 3 Persons | $21,960 | $30,600 | $49,000 |
| 4 Persons | $26,500 | $34,000 | $54,400 |
| 5 Persons | $31,040 | $36,750 | $58,800 |
| 6 Persons | $35,580 | $39,450 | $63,150 |
| 7 Persons | $40,120 | $42,200 | $67,500 |
| 8 Persons | $44,660 | $44,900 | $71,850 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Albion, PA?+
The Fair Market Rent (FMR) for Erie County, PA is: $726 (Studio), $757 (1BR), $983 (2BR), $1227 (3BR), $1345 (4BR). Actual rent at subsidized properties like Cherrytree Apts is typically 30% of household income or less.
What size apartments are available at Cherrytree Apts?+
Cherrytree Apts offers the following unit types: 16 One-Bedroom, 17 Two-Bedroom units, for a total of 33 units.
Who manages Cherrytree Apts?+
Cherrytree Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Cherrytree Apts?+
Cherrytree Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Cherrytree Apts?+
Cherrytree 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.
What are the income limits for affordable housing in Erie County, PA?+
For a 4-person household in Erie County, PA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,000, Low Income (80% AMI): $54,400. These limits are set by HUD and updated annually.
What is the price range for apartments in Albion, PA?+
Based on Fair Market Rent for Erie County, the estimated price range is: 1-bedroom: $757, 2-bedroom: $983. Actual rent at Cherrytree Apts may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.