Cherry Lane Apartments is managed by Professional Management, Inc. (PMI).
Cherry Lane Apartments offers affordable 1-bedroom, 2-bedroom and 3-bedroom floor plans. Each unit features energy efficient appliances, in-unit washer & dryer, and water/sewer/trash included in rent. Property amenities include a community room, fitness center, and resident library. Cherry Lane is conveniently located near many shops, restaurants, grocery stores, pharmacies, and public transportation. Penn State, Tom Tudek Memorial Park, Discovery Space of Central PA, are all close to the community.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | Call for Price |
Two Bedroom (2/1) | - | Call for Price |
Three Bedroom (3/2) | - | 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 State College but actual income limits may differ for units at Cherry Lane Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person |
---|---|---|---|---|---|---|---|
Very Low Income (50%) | $36,050 | $41,200 | $46,350 | $51,500 | $55,650 | $59,750 | $63,900 |
Low Income (60%) | $43,260 | $49,440 | $55,620 | $61,800 | $66,780 | $71,700 | $76,680 |
Day | Hours |
---|---|
Monday | Closed |
Tuesday | 8:00am-5:00pm |
Wednesday | Closed |
Thursday | 8:00am-12:00pm |
Friday | Closed |
Saturday | Closed |
Sunday | Closed |
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.