Olde Towne Manor

109 S. 6th St, Perkasie, Pennsylvania 18944

Contact Olde Towne Manor

Olde Towne Manor is an affordable 55 and older Independent Living Community located in Perkasie, PA. This property is a 4 story apartment building with 15 one bedroom apartments, five of which are handicap accessible. This historical site was once home to the Samuel Pierce Library.

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

Eligibility for Olde Towne Manor

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 Perkasie but actual income limits may differ for units at Olde Towne Manor.

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
Low Income (60%)	$46,920	$53,580	$60,300	$66,960	$72,360	$77,700	$83,040	$88,440

Olde Towne Manor Details

15 one bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 8 Project-Based Rental Assistance (PBRA)

Property Amenities

Elevator
Community Room
Off-Street Parking
24 Hour Maintenance

Unit Amenities

Central Air
Garbage Disposal
Cable Ready
Carpet
Storage
Refrigerator
Trash Included
Stove
Washer and Dryer Included

Office Hours

Day	Hours
Monday	8:30am-5:00pm
Tuesday	8:30am-5:00pm
Wednesday	8:30am-5:00pm
Thursday	8:30am-5:00pm
Friday	8:30am-5:00pm

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.

Section 8 Project-Based Rental Assistance (PBRA)

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.