About This Property
Stourbridge Square contains 58 one-bedroom units designated for low-income elderly residents in Honesdale, PA. The property has been in service since 1992 and is financed through 4% Low-Income Housing Tax Credits. A property manager oversees day-to-day operations at this Wayne County development.
Property Details
Fair Market Rent - Wayne 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 | $712 |
| 1 Bedroom | $850 |
| 2 Bedroom | $998 |
| 3 Bedroom | $1,218 |
| 4 Bedroom | $1,694 |
Income Limits - Wayne County, PA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,050
- Very Low (50%)
- $25,050
- Low (80%)
- $40,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,600
- Low (80%)
- $45,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,200
- Low (80%)
- $51,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,750
- Low (80%)
- $57,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,650
- Low (80%)
- $61,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,500
- Low (80%)
- $66,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,350
- Low (80%)
- $70,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,200
- Low (80%)
- $75,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,050 | $25,050 | $40,050 |
| 2 Persons | $17,420 | $28,600 | $45,800 |
| 3 Persons | $21,960 | $32,200 | $51,500 |
| 4 Persons | $26,500 | $35,750 | $57,200 |
| 5 Persons | $31,040 | $38,650 | $61,800 |
| 6 Persons | $35,580 | $41,500 | $66,400 |
| 7 Persons | $40,120 | $44,350 | $70,950 |
| 8 Persons | $44,660 | $47,200 | $75,550 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Honesdale, PA?+
The Fair Market Rent (FMR) for Wayne County, PA is: $712 (Studio), $850 (1BR), $998 (2BR), $1218 (3BR), $1694 (4BR). Actual rent at subsidized properties like Stourbridge Square is typically 30% of household income or less.
What size apartments are available at Stourbridge Square?+
Stourbridge Square offers the following unit types: 58 One-Bedroom units, for a total of 58 units.
Who is eligible to live at Stourbridge Square?+
Stourbridge Square primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Stourbridge Square?+
Stourbridge Square is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Stourbridge Square?+
Stourbridge Square 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 Honesdale, PA?+
Based on Fair Market Rent for Wayne County, the estimated price range is: 1-bedroom: $850. Actual rent at Stourbridge Square may be lower for income-eligible households.
What are the income limits for affordable housing in Wayne County, PA?+
For a 4-person household in Wayne County, PA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,750, Low Income (80% AMI): $57,200. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.