About This Property
Rose Terrace comprises 32 low-income residential units in Bradford, PA, with a mix of 22 one-bedroom and 10 two-bedroom apartments serving families. The property has been in service since 1987 and is financed through 4% Low-Income Housing Tax Credits. Rent-restricted units at this McKean County property provide affordable housing options for qualifying households.
Property Details
Fair Market Rent - McKean 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 | $616 |
| 1 Bedroom | $674 |
| 2 Bedroom | $845 |
| 3 Bedroom | $1,073 |
| 4 Bedroom | $1,251 |
Income Limits - McKean County, PA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,700
- Very Low (50%)
- $22,800
- Low (80%)
- $36,500
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,050
- Low (80%)
- $41,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,300
- Low (80%)
- $46,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,550
- Low (80%)
- $52,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,200
- Low (80%)
- $56,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,800
- Low (80%)
- $60,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $40,400
- Low (80%)
- $64,650
- Extremely Low (30%)
- $43,000
- Very Low (50%)
- $43,000
- Low (80%)
- $68,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,700 | $22,800 | $36,500 |
| 2 Persons | $17,420 | $26,050 | $41,700 |
| 3 Persons | $21,960 | $29,300 | $46,900 |
| 4 Persons | $26,500 | $32,550 | $52,100 |
| 5 Persons | $31,040 | $35,200 | $56,300 |
| 6 Persons | $35,580 | $37,800 | $60,450 |
| 7 Persons | $40,120 | $40,400 | $64,650 |
| 8 Persons | $43,000 | $43,000 | $68,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bradford, PA?+
The Fair Market Rent (FMR) for McKean County, PA is: $616 (Studio), $674 (1BR), $845 (2BR), $1073 (3BR), $1251 (4BR). Actual rent at subsidized properties like Rose Terrace is typically 30% of household income or less.
What size apartments are available at Rose Terrace?+
Rose Terrace offers the following unit types: 22 One-Bedroom, 10 Two-Bedroom units, for a total of 32 units.
What are the income limits for affordable housing in McKean County, PA?+
For a 4-person household in McKean County, PA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,550, Low Income (80% AMI): $52,100. These limits are set by HUD and updated annually.
Who is eligible to live at Rose Terrace?+
Rose Terrace primarily serves families. 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 Bradford, PA?+
Based on Fair Market Rent for McKean County, the estimated price range is: 1-bedroom: $674, 2-bedroom: $845. Actual rent at Rose Terrace may be lower for income-eligible households.
Who manages Rose Terrace?+
Rose Terrace is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Rose Terrace?+
Rose 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.
Contact Information
Walk Score
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Nearby Schools
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