Red Clay Manor is managed by Fairville Management Company.
Located on a former industrial site on the western side of town, Red Clay Manor offers affordable 1-bedroom and 2-bedroom apartment homes for seniors aged 62 and older. Residents can venture within a half-mile from the property to find the Kennett Area Senior Center, the Kennett Area YMCA, the Spanish Community Center, Anson B. Nixon Park, and numerous restaurants and shops along the Borough’s two one-way main streets – State Street and Cypress Street.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | Call for Price |
Two Bedroom (2/1) | - | Call for Price |
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 Kennett Square but actual income limits may differ for units at Red Clay Manor.
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 |
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.