Living Springs Senior Residence

About This Building

Title: Living Springs Senior Residence - Affordable Housing in Delanco, NJ Section 1: Affordable Housing Option for Low-Income Individuals Living Springs Senior Residence offers 1 & 2 Bedroom Apartments in Delanco, NJ. These apartments are specially designed to provide affordable housing options for individuals with low incomes. Supported by the Low-Income Housing Tax Credit (LIHTC) program, they come with applicable rent and income restrictions. Section 2: Incentivizing Affordable Housing The LIHTC program serves as an incentive for builders and developers to create affordable housing for low-income individuals. The maximum rent charged for these apartments is determined based on the Area Median Income (AMI). However, it is important to note that the AMI criteria might still make these apartments unaffordable for some low-income individuals. Section 3: Rental Rates and Availability Before considering Living Springs Senior Residence, it is advisable to check the current rental rates to determine if they fit within your budget. There are 100 one and two bedroom apartments available, catering to the needs of low-income individuals. Section 4: Apartment Amenities Living Springs Senior Residence offers excellent amenities to enhance the living experience of its residents. These include a fitness center, exercise room/wellness office, computer/library room, elevators, and a recreational room. Laundry facilities are also available on-site. Section 5: Pet Policy Living Springs Senior Residence has a pet-friendly policy, allowing residents to bring their furry companions. For complete information on the pet policy, please contact the leasing office. Section 6: Application Process As demand for affordable housing is high, it is important to note that there may be a waiting list for these apartments. To determine if you qualify and can apply for residency, please contact the leasing office directly using the provided phone number.