About This Property
Granite Ridge II offers 56 low-income units in Kennett Square, Pennsylvania, serving families with a mix of 28 two-bedroom and 28 three-bedroom apartments. The property has been in service since 2015 and provides housing options for households seeking affordable rentals in Chester County.
Property Details
Fair Market Rent - Chester County, PA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,303 |
| 1 Bedroom | $1,451 |
| 2 Bedroom | $1,737 |
| 3 Bedroom | $2,100 |
| 4 Bedroom | $2,422 |
Income Limits - Chester County, PA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,850
- Very Low (50%)
- $33,100
- Low (80%)
- $52,950
- Extremely Low (30%)
- $22,700
- Very Low (50%)
- $37,800
- Low (80%)
- $60,500
- Extremely Low (30%)
- $25,550
- Very Low (50%)
- $42,550
- Low (80%)
- $68,050
- Extremely Low (30%)
- $28,350
- Very Low (50%)
- $47,250
- Low (80%)
- $75,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $51,050
- Low (80%)
- $81,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,850
- Low (80%)
- $87,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $58,600
- Low (80%)
- $93,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $62,400
- Low (80%)
- $99,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,850 | $33,100 | $52,950 |
| 2 Persons | $22,700 | $37,800 | $60,500 |
| 3 Persons | $25,550 | $42,550 | $68,050 |
| 4 Persons | $28,350 | $47,250 | $75,600 |
| 5 Persons | $31,040 | $51,050 | $81,650 |
| 6 Persons | $35,580 | $54,850 | $87,700 |
| 7 Persons | $40,120 | $58,600 | $93,750 |
| 8 Persons | $44,660 | $62,400 | $99,800 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Kennett Square, PA?+
The Fair Market Rent (FMR) for Chester County, PA is: $1303 (Studio), $1451 (1BR), $1737 (2BR), $2100 (3BR), $2422 (4BR). Actual rent at subsidized properties like Granite Ridge Ii is typically 30% of household income or less.
What size apartments are available at Granite Ridge Ii?+
Granite Ridge Ii offers the following unit types: 28 Two-Bedroom, 28 Three-Bedroom units, for a total of 56 units.
What are the income limits for affordable housing in Chester County, PA?+
For a 4-person household in Chester County, PA, the income limits are: Extremely Low Income (30% AMI): $28,350, Very Low Income (50% AMI): $47,250, Low Income (80% AMI): $75,600. These limits are set by HUD and updated annually.
Who is eligible to live at Granite Ridge Ii?+
Granite Ridge Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Kennett Square, PA?+
Based on Fair Market Rent for Chester County, the estimated price range is: 2-bedroom: $1737, 3-bedroom: $2100. Actual rent at Granite Ridge Ii may be lower for income-eligible households.
How do I apply for housing at Granite Ridge Ii?+
Granite Ridge Ii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Granite Ridge Ii?+
Granite Ridge Ii is managed by . You can reach them at .
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Granite Ridge Ii
Denny Tag Building
West Chester, PA
63 UnitsBreaking New Ground
West Chester, PA
13 UnitsCedar Woods Apts
Kennett Sq, PA
76 UnitsGranite Ridge Ii
Kennett Square, PA
56 Units
Hannum Gardens
West Chester, PA
4 UnitsHickman Expansion
West Chester, PA
60 Units