Benedict's Place

206 St. Mary's Drive, Cherry Hill, New Jersey 08003

Contact Benedict's Place

Benedict's Place is a HUD 202 and LIHTC property. We have 73 one bedroom apartments for low income seniors. WE are located on the beautiful St. Mary's campus in Cherry Hill.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	540	Income Based

Eligibility for Benedict's Place

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Cherry Hill but actual income limits may differ for units at Benedict's Place.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$23,450	$26,800	$30,150	$33,500	$36,200	$40,280	$45,420	$50,560
50%	$39,100	$44,650	$50,250	$55,800	$60,300	$64,750	$69,200	$73,700

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 Cherry Hill but actual income limits may differ for units at Benedict's Place.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$39,100	$44,650	$50,250	$55,800	$60,300	$64,750	$69,200	$73,700

Benedict's Place Details

74 one bedroom units.
Mid Rise
Water and Sewer utilities included in rent
Heat utility included in rent
Section 202 Supportive Housing for the Elderly
Low-Income Housing Tax Credit (LIHTC)

Office Hours

Day	Hours
Monday	9:00am-4:00pm
Tuesday	9:00am-4:00pm
Wednesday	9:00am-4:00pm
Thursday	9:00am-4:00pm
Friday	9:00am-4:00pm

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

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.