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Montgomery Park Senior Housing

1301 Powell St, Norristown, Pennsylvania 19401

Montgomery Park Senior Housing provides affordable 1-bedroom units for those 62 and older in the town of Norristown, PA. Located between Powell and Locust Street, Montgomery Park includes community rooms and kitchens, social services, on-site parking, laundry, and lounge areas. The community is located near several retail centers, emergency services, post office, and public transportation. The apartments are also located across the street from Einstein’s Nicholas and Athena Karabots Medical Building to benefit the senior residents.

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

Eligibility for Montgomery Park Senior Housing

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 Norristown but actual income limits may differ for units at Montgomery Park Senior Housing.

AMI Band 1 Person 2 Person
Very Low Income (50%) $39,100 $44,650
Low Income (60%) $46,920 $53,580

Montgomery Park Senior Housing Details

  • 92 one bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Property Amenities

  • Community Room
  • Laundry Room
  • On-Site Parking

Unit Amenities

  • Energy Efficient Appliances
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.

Images of Montgomery Park Senior Housing
Image of Montgomery Park Senior Housing