HOUSING ASSOCIATES OF...]]> The following apartments are  accepting applications. These are located in HDC communities throughout South Central Pennsylvania. To apply please contact the community manager at the property you are interested in.

HOUSING ASSOCIATES OF LANCASTER

*Accepting applications

717-396-0889

2 & 3 BD. – based on income

419 E King St, Lancaster PA

W/S/T included

Managed by Marilyn Brooks

UMBRELLA WORKS APARTMENTS

1 BR $590.00

2 BR $709.00 (accessible unit, available 5/15)

2 BR $709.00

717-293-1334

250 West King St, Lancaster PA

Managed by Lilly Torres

QUEEN STREET COURTYARD

717-293-1334

326 South Queen St., Lancaster, PA

1 BR  $515.00 First Floor

H/W/S/T included

Managed by Lilly Torres

LANDISVILLE APARTMENTS 1 & 2  (55+)

*Accepting applications

717-293-1334

170 Elizabeth St, Landisville PA

1BR- $475.00

 H/W/S/T included

Managed by Lilly Torres

KING THEATRE APARTMENTS (55+)

717-396-0889

419 East King St, Lancaster PA

1 BR (rent based on income)

2 BR – $600 – $625

H/W/S/T included

Managed by Marilyn Brooks

DEER LAKE APARTMENTS

*Accepting applications

717-274-3210

2075 Water St, Lebanon PA

2BR -$610-715

3BR -$610-800

W/T/S included

Managed by Sandy Ferguson

WILLOW RIDGE APARTMENTS

717-520-9593

21 Rosewood Dr, Hershey PA

2BR Townhouse -$650-700

3 BR Townhouse -$800-850

Includes W/S/T

Managed by Sandy Ferguson

ASTER PLACE APARTMENTS

*Accepting applications for waiting list

717-581-1337

201 Starflower View, Lititz PA

2BR- $630-675.00

3BR-$700-850.00

W/S/T included

Managed by Joleen Denlinger

WYNDAMERE APARTMENTS

*Accepting applications

717-755-3630

117 Ambleside Drive, York PA

2BR- $570-$610.00

3 BR – $680-$710.00

W/S/T Included

Managed by Cindy Geib

HIGHSPIRE APARTMENTS

717-986-0266

201 Penn St, Highspire PA

1BR- $515. – $560.00

2 BR – $615. – $650.00

Cable/W/S/T included

Managed by Sandra Sweeney

SPRINGWOOD GLEN APARTMENTS

*Accepting applications

717-939-8026

1901 Georgetown Rd, Middletown PA

2BR-$590.00

3 BR – $540 – 760.00

W/S/T included

Managed by Sandra Sweeney

PENN’S COMMON COURT – (62+)

*Accepting applications

610-373-3633

1040 Penn Street, Reading PA

1 BR - $560.00 (immediate availability)

2 BR – $635.00 (this is an ADA H/C Unit)

Incudes H/W/S/T/HW

Private Parking, Laundry Facility, Library & Community Room

Managed by Susan Grim

 HENNER APARTMENTS (62+ or disabled)

*Accepting applications

610-589-2052

24 East High St, Womelsdorf, PA

1 BR- subsidized (immediate availability)

Hot Water/S/T included

Private Parking, Laundry Facility, Library & Community Room

Managed by Susan Grim 

CENTURY HALL APARTMENTS

*Accepting applications

 610-685-3889

831 Walnut St, Reading PA

1BR- $440.00

 2BR- $575-599.00

H/W/S/T included

Managed by Susan Grim

OAK BOTTOM VILLAGE I & II 

 717-786-8019

123 Groffdale Drive, Quarryville PA

1BR- $495.00-$540.00

2BR-$ 528.00-$635.00

W/S/T Included

Managed by Katlyn Groff

SUSQUEHANNA VIEW APARTMENTS

*Accepting applications

717-763-1184

208 Senate Ave, Camp Hill, PA

1BR- rent based on income

All utilities included

Managed by Kristen Mansberger

ASH PARK TERRACE – (55+ or diabled)

610-380-9265

70 S. Third St. Coatesville, PA

1BR – rent based on income

W/S/T/E/H included

Managed by Mike Schoenbeck

WASHINGTON HOUSE -( 55+ or disabled)

610-380-9265

330 E. Lincoln Hwy. Coatesville, PA

1BR – rent based on income

W/S/T/E/H included

Managed by Mike Schoenbeck

HONEY BROOK GARDENS – (62+ or disabled)

610-273-7336

3940 Horseshoe Pike, Honey Brook, PA

1BR – rent based on income

W/S/T/E/H included

Managed by Dana Sable 

DENNY REYBURN APARTMENTS – (62+ or disabled)

610-701-0200

30 W. Barnard St., West Chester, PA

1BR – rent based on income

W/S/T/E included

Managed by Omar Whitfield

HANNUM GARDENS

610-701-9422

601 Dowingrtown Pike, West Chester, PA

3 & 4 BR – rent based on income

W/S/T/E included

Managed by Omar Whitfield

MARKET SQUARE APARTMENTS (55+)

610-373-1212

801 Penn St., Reading, PA

1BR – $499-$525.00

2BR – $601.00

H/W/HW/S/T included

Private parking & laundry facilities

Managed by Susan Grim

LARKSPUR CROSSING ASSOCIATES

*Accepting applications for waiting list

717-581-1337

201 Starflower View, Lititz, PA

3 BR – $550 – $750.00

W/S/T included

Managed by Joleen Denlinger

WHISTLESTOP VIEW APARTMENTS

*Accepting applications

 717-361-6273

443 W. High St., Elizabethtown, PA 17022

 2 BR – $625.00

H/W/S/T included

Managed by Beth Buzzendore

WC Atkinson

610-384-4455

824 E. Chestnut St., Coatesville, PA

Managed by Mike Schoenbeck

Apartments at Mulberry Corners

*Accepting applications for waiting list

717-509-6190

301 W. James St., Lancaster, PA

W/S/T included

Managed by Lilly Torres

Parkesburg School Apartments

*Accepting applications for waiting list

610-857-5055

360 Strasburg Ave.

Parkesburg, PA 19365

1 BR – rent based on income

W/S/T included

Managed by Steve Knaub

LANCASTER – Housing Development Corporation MidAtlantic President Michael R. Carper announced today that the...]]> Groundbreaking deal consolidates properties into a portfolio under one partnership,
provides financing for renovations

LANCASTER – Housing Development Corporation MidAtlantic President Michael R. Carper announced today that the company completed a groundbreaking $26 million tax-exempt bond transaction this month that will allow the nonprofit company to keep rents affordable for seven of its properties, in three counties, for an additional 30 years.

The deal, a first of its kind in Pennsylvania, consolidates the properties under one limited partnership and provides roughly $8.4 million for HDC MidAtlantic to perform renovations intended to improve energy efficiencies and provide many upgrades at each of the properties.

“Outside of major metropolitan areas, it is extremely rare for affordable housing providers to cobble together a transaction like this,” Carper said. “For a nonprofit company like ours, legal fees and other fees kill the idea of issuing a bond for a single property with a few dozen apartments.

“But by combining these seven properties into one portfolio, with a total of 376 apartments, we found a unique way for small affordable housing developers to take on a big-time transaction,” Carper said.

The properties that comprise this portfolio are:  

Berks County
Penn’s Common Court, Reading

Dauphin County
 Highspire School Apartments, Highspire

Lancaster County
Aster Place Apartments, Manheim Township 
Franklin Street Apartments, Ephrata
King Theatre Apartments, Lancaster
Oak Bottom Village II, Quarryville
Umbrella Works Apartments, Lancaster

All of these properties were originally financed and built or renovated at least 15 years ago using federal Low-Income Housing Tax Credits (LIHTC). Under LIHTC rules, landlords can opt of the program, and start charging market rate rents after 30 years.

“The problem with this,” Carper said, “is it takes away affordable housing from people who need it most. That’s not what HDC MidAtlantic is about. We are here to provide affordable housing because there’s still a need for it.”

The transaction called for an innovative and complex financing structure, which was reached in partnership with the Lancaster Housing and Redevelopment Authority. In April 2011, the Board of Directors of the Authority unanimously approved the issuance of private activity, tax-exempt bonds to pay down debt it held in some of the properties.

Working with attorneys at Nikolaus & Hohenadel and bond counsel at Stevens & Lee, both of Lancaster, HDC MidAtlantic requested an allocation of the state’s annual allotment of federal Volume Cap proceeds, administered by the Pennsylvania Housing Finance Agency. Volume Cap is another tool the government provides for financing affordable housing.  After securing the bonds, HDC reached out to Fulton Bank in Lancaster, a long-time partner, which agreed to the purchase the bonds.

Upon receiving approval for the tax-exempt bonds, HDC MidAtlantic by law then was eligible for 4 percent Low-Income Housing Tax Credits. HDC was able to generate additional equity capital through the sale of the credits to Enterprise Community Investment Inc., a nationally recognized syndicator of tax credits for affordable housing.  

“I am grateful for the tenacity of our staff here at HDC who worked tirelessly for months to make this deal a reality,” Carper said.

In the end, the complicated refinance provided HDC MidAtlantic a more competitive interest rate that saves money for the company and each of the properties.

In total, the transaction will include roughly $8.4 million that HDC will use to install green technologies at each of the properties. This includes solar panels, high efficiency boilers for heating systems, and energy efficient windows. HDC will be able to keep rents affordable because the properties will realize significant savings thanks to the installation of the green technology. By simply installing the energy efficient technologies, the properties will realize savings of 18 percent to 20 percent in utility costs. HDC and residents alike will realize these savings.

In addition, all handicapped apartments at the properties will be renovated to ensure that they meet current requirements of the Americans with Disabilities Act.

CH&E Construction of Lancaster is serving as the general contractor.

____________

Founded in 1971, Housing Development Corporation is a not-for-profit company dedicated to providing quality affordable rental housing for low-income people and senior citizens throughout Pennsylvania. HDC is the largest provider of affordable rental housing in south-central Pennsylvania and has developed and currently manages more than 3,100 rental housing units in 11 counties.

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Highspire School Apartments in Dauphin County has immediate availability for 1- and 2-bedroom apartments. Situated 6 miles from downtown Harrisburg, this charming apartment community for seniors 55 and old is minutes away from the Pennsylvania Turnpike. It is easily accessible to...]]>

Highspire School Apartments in Dauphin County has immediate availability for 1- and 2-bedroom apartments. Situated 6 miles from downtown Harrisburg, this charming apartment community for seniors 55 and old is minutes away from the Pennsylvania Turnpike. It is easily accessible to Interstate 83 and Hershey. Rent for 1-bedroom apartments starts at $515/month and for 2-bedroom apartments at $615/month. Income limits apply. Rent includes water, sewer, heat and trash removal. For more information, call 717-986-0266.