Springside School

1508 Mount Holly Rd, Burlington, New Jersey 08016

Contact Springside School

Springside School Apartments is been restored to preserve the historic school building’s original grandeur while providing a range of amenities for today’s lifestyle. Offering one and two bedroom apartments, Springside was designed for individuals 55+. The original school building, dating back to 1916, was converted into affordable apartments with a community room located in the former gymnasium. Additional apartments were added in a newly constructed addition, some of which are set aside for people with special needs.

Springside School Apartments is a joint venture between The Moorestown Ecumenical Neighborhood Development (MEND) and Conifer Realty, LLC. To learn more about MEND, visit mendinc.org

Springside School was entered into the New Jersey Register of Historic Places on January 22, 2015. The New Jersey Register is the official list of New Jersey properties worthy of preservation.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price
2 Bedroom (2/1)	-	Call for Price

Eligibility for Springside School

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Burlington but actual income limits may differ for units at Springside School.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$39,100	$44,650	$50,250	$55,800
Low Income (60%)	$46,920	$53,580	$60,300	$66,960

Springside School Details

74 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.