Penns Crossing

1400 W Wyomissing Blvd, Reading, Pennsylvania 19609

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Penns Crossing is managed by Arbor Management.

Penns Crossing is available to individuals 62 years of age and older and contains affordable one and two bedroom apartments operated under the Low Income Housing Tax Credit Program. The three-story building (with elevator) is located just off Route 724 in West Lawn, Pennsylvania.

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 510 Call for Price
2 Bedroom (2/1) 750 Call for Price
Waiting List is Open Soon

Currently not accepting application

Last updated on November 11th, 2021

Eligibility for Penns Crossing

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 Crossing .

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 Crossing Details

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

Property Amenities

  • Elevator
  • Fitness Center
  • Community Room
  • Library
  • Laundry Room

Unit Amenities

  • Air Conditioning
  • Fully Equipped Kitchen
  • Wall-to-Wall Carpeting
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.

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