Cherry Grove is managed by Property Management, Inc. (PMI).
Cherry Grove Apartments is a very-low income, multi-family housing community with one, two, and three bedroom floor plans. We offer unit based Section 8 subsidy through the Federal Department of Housing and Urban Development (HUD), administered by Pennsylvania Housing Finance Agency (PHFA). Income limits apply. Rent is based on 30% of the adjusted gross income with an allowance made for utilities paid by the resident. Water, sewage, and trash removal is included in the rent. Every apartment includes a fully equipped kitchen and central air conditioning. Two and three bedroom apartments have washer and dryer hookups. Laundry facilities are available on site and accessible 24 hours a day.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Income Based |
2 Bedroom (2/1) | - | Income Based |
3 Bedroom (3/2) | - | Income Based |
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 Altoona but actual income limits may differ for units at Cherry Grove.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
30% | $16,250 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 |
50% | $27,050 | $30,900 | $34,750 | $38,600 | $41,700 | $44,800 |
80% | $43,250 | $49,400 | $55,600 | $61,750 | $66,700 | $71,650 |
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 Altoona but actual income limits may differ for units at Cherry Grove.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $27,050 | $30,900 | $34,750 | $38,600 | $41,700 | $44,800 |
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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.