Franmar Manor
3825 W Mcdowell Road
Phoenix, Maricopa County, Arizona 85009

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Funding Programs

Franmar Manor was developed and operates with Federal housing financing. The property utilizes the Project Based Sec. 8 Federal housing program to make rent affordable to lower income tenants.

Section 8

Franmar Manor has a project-based Section 8 contract. 78 of the 78 total units at the property receive Section 8 assistance. This means that 100% of the renter households in the property pay no more than 30% of their adjusted income for rent.

The current Section 8 contract was effective on May 01, 2014 and the contract expires on April 30, 2034. The Section 8 contract rent is 85.8% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $735.00 for One Bedroom, $914.00 for Two Bedroom, and $1,332.00 for Three Bedroom.

19% of Arizona properties and 26% of all properties across the country have Section 8 rental subsidies. See the Rent Subsidies section for more.

Overview

Franmar Manor is an affordable apartment community located in Phoenix, Arizona which is located in Maricopa County. The property is located in Arizona's 6th Congressional District served by Representative David Schweikert (R), Senator John McCain (R) and Senator Jeff Flake (R).

Franmar Manor is an apartment community containing 78 rental units. The property contains 154 bedrooms and based on typical apartment occupancy limits, Franmar Manor is home to not more than 302 persons when fully occupied.

Rent Subsidies

Franmar Manor provides rental subsidies to renters. The type of subsidy provided to apartment renters in Phoenix, AZ by this property is Project Based Sec. 8.

This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays the difference. To qualify, a renter must earn 50% or less of the Area Median Income.

There is a minimum rent payment of not less than $25 and as much as $50 for all subsidy recipients at this property. That means that even if a renter has zero income, they will still be required to pay rent. In recent years, there have been various legislative proposals to increase the Section 8 minimum rent but advocates make the valid point that minimum rents affect the poorest of the poor.

Unit Mix

Franmar Manor contains a mix of 78 assisted one, two, and three bedroom apartments for rent. There are 12 One Bedroom, 56 Two Bedroom, and 10 Three Bedroom apartments in this property. The unit mix is 15% One Bedroom, 72% Two Bedroom, and 13% Three Bedroom apartment rentals. The average bedroom size for Franmar Manor is 1.97.

Arizona's 6th

Congressional District

78

Total Units

78

Project Based Sec. 8 Units

85.8

% of Fair Market Rent

30-Apr-34

Project Based Sec. 8 Contract Expiration

One, Two, and Three

Unit Mix

1.97

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data