About This Property
Cherry Place offers 41 one-bedroom units designated for low-income households in Palmyra, Pennsylvania. The property was placed in service in 1996 and operates with 9% Low-Income Housing Tax Credit financing. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Lebanon 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 | $896 |
| 1 Bedroom | $951 |
| 2 Bedroom | $1,225 |
| 3 Bedroom | $1,546 |
| 4 Bedroom | $1,631 |
Income Limits - Lebanon County, PA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,000
- Very Low (50%)
- $26,700
- Low (80%)
- $42,700
- Extremely Low (30%)
- $18,300
- Very Low (50%)
- $30,500
- Low (80%)
- $48,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,300
- Low (80%)
- $54,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,100
- Low (80%)
- $60,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,150
- Low (80%)
- $65,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,200
- Low (80%)
- $70,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,250
- Low (80%)
- $75,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,300
- Low (80%)
- $80,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,000 | $26,700 | $42,700 |
| 2 Persons | $18,300 | $30,500 | $48,800 |
| 3 Persons | $21,960 | $34,300 | $54,900 |
| 4 Persons | $26,500 | $38,100 | $60,950 |
| 5 Persons | $31,040 | $41,150 | $65,850 |
| 6 Persons | $35,580 | $44,200 | $70,750 |
| 7 Persons | $40,120 | $47,250 | $75,600 |
| 8 Persons | $44,660 | $50,300 | $80,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Palmyra, PA?+
The Fair Market Rent (FMR) for Lebanon County, PA is: $896 (Studio), $951 (1BR), $1225 (2BR), $1546 (3BR), $1631 (4BR). Actual rent at subsidized properties like Cherry Place is typically 30% of household income or less.
What size apartments are available at Cherry Place?+
Cherry Place offers the following unit types: 41 One-Bedroom units, for a total of 41 units.
What are the income limits for affordable housing in Lebanon County, PA?+
For a 4-person household in Lebanon County, PA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,100, Low Income (80% AMI): $60,950. These limits are set by HUD and updated annually.
How do I apply for housing at Cherry Place?+
Cherry Place 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 Cherry Place?+
Cherry Place is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Palmyra, PA?+
Based on Fair Market Rent for Lebanon County, the estimated price range is: 1-bedroom: $951. Actual rent at Cherry Place may be lower for income-eligible households.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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