By Bob Keeler bkeeler@montgomerynews.com @bybobkeeler on Twitter

There will be a hearing for the plans before the Franconia Township Zoning Hearing Board in January. An application for the funding program will also be submitted in January, Carol Berster, Peter Beckers president and CEO, said.

Its going to be paid for with low-income housing tax credits, Berster said.

Organizations that invest in the project through a state program supported through the federal government get tax credits, she said.

The building will have 44 one- and two-bedroom independent living apartments, she said.

The rents are based on income, she said.

The median household income in Montgomery County is about $79,000 per year, she said. The building will have three apartments for people whose income is up to 20 percent of that; 21 for individuals or couples whose income is up to 50 percent of the median; and 20 apartments for those whose income is up to 60 percent, she said.

Its not actually really, really low-income, Berster said. It is designed to be affordable housing for people such as retirees on Social Security, but who have little other income or savings, she said.

Background checks will be done on all the tenants, she said.

Unlike the rest of Peter Becker, where the minimum age is 55, the tenants of the new building will have to be at least 62, she said. Continued...

More here:
Peter Becker Community in Harleysville plans for 44-apartment addition

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December 12, 2014 at 12:53 am by Mr HomeBuilder
Category: Apartment Building Construction