Glenbrook Terrace Apartments
2020 W Glendale Ave
Phoenix, Maricopa County, Arizona 85021

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Funding Programs

Glenbrook Terrace Apartments was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

Low Income Housing Tax Credit

The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. The property received a tax credit allocation in 2004. The property was placed in service in 2005. 261 of 264 units at Glenbrook Terrace Apartments are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.

Overview

Glenbrook Terrace Apartments 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).

Glenbrook Terrace Apartments is an apartment community containing 264 rental units. The property contains 508 bedrooms and based on typical apartment occupancy limits, Glenbrook Terrace Apartments is home to not more than 994 persons when fully occupied.

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

Unit Mix

Glenbrook Terrace Apartments contains a mix of 264 assisted studio, one, two, and three bedroom apartments for rent. There are 2 Studio, 48 One Bedroom, 182 Two Bedroom, and 32 Three Bedroom apartments in this property. The unit mix is 1% Studio, 18% One Bedroom, 69% Two Bedroom, and 12% Three Bedroom apartment rentals. The average bedroom size for Glenbrook Terrace Apartments is 1.92.

Arizona's 6th

Congressional District

264

Total Units

261

Tax Credit Units

Studio, One, Two, and Three

Unit Mix

1.92

Average Bedroom Size

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