Penns Common Court

1040 Penn Street, Reading, Pennsylvania 19602

Contact Penns Common Court

Number of Units: 46

Occupancy: Senior 62+

Rent Type(s): Income Limits Apply,Section 8 Vouchers Accepted,

Additional Information:

Accepting Applications for Waiting List

1 Bedroom Apartments from $645 – $655 per month*

2 Bedroom Apartments $735 per month*

Rent includes heat, water, sewer and trash removal

*Minimum and maximum income guidelines may apply

Unit (Bd/Ba)	Ft²	Rent
One Bed One Bath (1/1)	-	From $645 To $655
Two Bedroom One Bath (2/1)	-	From $735

Eligibility for Penns Common Court

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 Reading but actual income limits may differ for units at Penns Common Court.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$33,400	$38,150	$42,900	$47,650
Low Income (60%)	$40,080	$45,780	$51,480	$57,180

Penns Common Court Details

46 one and two bedroom units.
Water and Sewer utilities included in rent
Heat utility included in rent
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Community Room
24hr Emergency Maintenance
Off-Street Parking
Resident Service Coordinator
Laundry Facilities
Smoke Free

Unit Amenities

Energy Efficient Appliances

Nearby Amenities

Close to Public Transportation

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.