About This Property
Steel City Phase I contains 53 low-income residential units in Farrell, PA, serving families with a mix of one-, two-, three-, and four-bedroom apartments. The property has been in service since 2003 and is financed through 4% Low-Income Housing Tax Credits. The unit breakdown includes 5 one-bedroom, 42 two-bedroom, 4 three-bedroom, and 2 four-bedroom units.
Property Details
Fair Market Rent - Mercer 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 | $656 |
| 1 Bedroom | $661 |
| 2 Bedroom | $845 |
| 3 Bedroom | $1,148 |
| 4 Bedroom | $1,233 |
Income Limits - Mercer County, PA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,000
- Very Low (50%)
- $23,350
- Low (80%)
- $37,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,650
- Low (80%)
- $42,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,000
- Low (80%)
- $48,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,300
- Low (80%)
- $53,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,650
- Low (80%)
- $61,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,300
- Low (80%)
- $66,100
- Extremely Low (30%)
- $44,000
- Very Low (50%)
- $44,000
- Low (80%)
- $70,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,000 | $23,350 | $37,350 |
| 2 Persons | $17,420 | $26,650 | $42,650 |
| 3 Persons | $21,960 | $30,000 | $48,000 |
| 4 Persons | $26,500 | $33,300 | $53,300 |
| 5 Persons | $31,040 | $36,000 | $57,600 |
| 6 Persons | $35,580 | $38,650 | $61,850 |
| 7 Persons | $40,120 | $41,300 | $66,100 |
| 8 Persons | $44,000 | $44,000 | $70,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Farrell, PA?+
The Fair Market Rent (FMR) for Mercer County, PA is: $656 (Studio), $661 (1BR), $845 (2BR), $1148 (3BR), $1233 (4BR). Actual rent at subsidized properties like Steel City Phase I is typically 30% of household income or less.
What size apartments are available at Steel City Phase I?+
Steel City Phase I offers the following unit types: 5 One-Bedroom, 42 Two-Bedroom, 4 Three-Bedroom, 2 Four-Bedroom units, for a total of 53 units.
What are the income limits for affordable housing in Mercer County, PA?+
For a 4-person household in Mercer County, PA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,300, Low Income (80% AMI): $53,300. These limits are set by HUD and updated annually.
How do I apply for housing at Steel City Phase I?+
Steel City Phase I 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 is the price range for apartments in Farrell, PA?+
Based on Fair Market Rent for Mercer County, the estimated price range is: 1-bedroom: $661, 2-bedroom: $845, 3-bedroom: $1148. Actual rent at Steel City Phase I may be lower for income-eligible households.
Who is eligible to live at Steel City Phase I?+
Steel City Phase I primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Steel City Phase I?+
Steel City Phase I 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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