About This Property
Mount Vernon Terrace is a 64-unit affordable housing community in Waynesboro, PA that has been in service since 2016. The property contains six one-bedroom, forty-two two-bedroom, and sixteen three-bedroom apartments designated for low-income households, including families and individuals with disabilities. The development is non-profit owned and financed through 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Franklin 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 | $914 |
| 1 Bedroom | $920 |
| 2 Bedroom | $1,150 |
| 3 Bedroom | $1,529 |
| 4 Bedroom | $1,719 |
Income Limits - Franklin County, PA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,650
- Very Low (50%)
- $26,050
- Low (80%)
- $41,700
- Extremely Low (30%)
- $17,850
- Very Low (50%)
- $29,800
- Low (80%)
- $47,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,500
- Low (80%)
- $53,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,200
- Low (80%)
- $59,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,200
- Low (80%)
- $64,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,200
- Low (80%)
- $69,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,150
- Low (80%)
- $73,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,150
- Low (80%)
- $78,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,650 | $26,050 | $41,700 |
| 2 Persons | $17,850 | $29,800 | $47,650 |
| 3 Persons | $21,960 | $33,500 | $53,600 |
| 4 Persons | $26,500 | $37,200 | $59,550 |
| 5 Persons | $31,040 | $40,200 | $64,350 |
| 6 Persons | $35,580 | $43,200 | $69,100 |
| 7 Persons | $40,120 | $46,150 | $73,850 |
| 8 Persons | $44,660 | $49,150 | $78,650 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Waynesboro, PA?+
The Fair Market Rent (FMR) for Franklin County, PA is: $914 (Studio), $920 (1BR), $1150 (2BR), $1529 (3BR), $1719 (4BR). Actual rent at subsidized properties like Mount Vernon Terrace is typically 30% of household income or less.
What size apartments are available at Mount Vernon Terrace?+
Mount Vernon Terrace offers the following unit types: 6 One-Bedroom, 42 Two-Bedroom, 16 Three-Bedroom units, for a total of 64 units.
Who manages Mount Vernon Terrace?+
Mount Vernon Terrace is managed by . You can reach them at .
What is the price range for apartments in Waynesboro, PA?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $920, 2-bedroom: $1150, 3-bedroom: $1529. Actual rent at Mount Vernon Terrace may be lower for income-eligible households.
How do I apply for housing at Mount Vernon Terrace?+
Mount Vernon Terrace 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.
What are the income limits for affordable housing in Franklin County, PA?+
For a 4-person household in Franklin County, PA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,200, Low Income (80% AMI): $59,550. These limits are set by HUD and updated annually.
Who is eligible to live at Mount Vernon Terrace?+
Mount Vernon Terrace primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Mount Vernon Terrace
Westminster Place At Quincy
Waynesboro, PA
36 UnitsNew Forge Crossing
Waynesboro, PA
60 UnitsNew Visions Housing
Waynesboro, PA
10 UnitsValley Townhouses
Waynesboro, PA
22 UnitsMount Vernon Terrace
Waynesboro, PA
64 UnitsHagerstown Robinwood Senior I
Hagerstown, MD
64 Units