Hong Lok
3930 N. 24th Ave
Phoenix, Maricopa County, Arizona 85015

Call (855) 598-3283, enter extension 62636, then hit #.

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About The Property:

Welcome to Hong Lok Apartments. We offer spacious one bedroom apartments that are conveniently located to schools shopping and Dining.

Unit Information

Unit Bed/Bath Rent
One Bedroom 1/1 $

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Window Coverings
  • Carpet
  • Refrigerator

Nearby Amenities

  • Close to Dining
  • Close to Shopping
  • Near Schools

Managed By Biltmore Properties

Funding Programs

Hong Lok was developed and operates with Federal housing financing. The property utilizes the Section 202 Federal housing program to make rent affordable to lower income tenants.

Section 202

The property was developed with funding through the HUD Section 202 program which provides funding for housing for seniors who are 62 or older. The program provided both capital financing to construct the property and operating subsidies that work as rental assistance like the Section 8 program. Hong Lok is among only 84 Section 202 properties in Arizona and 6,166 in the country.

Overview

Hong Lok 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).

Rent Subsidies

Hong Lok provides rental subsidies to renters. The type of subsidy provided to apartment renters in Phoenix, AZ by this property is Section 202 Rental Assistance.

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 no minimum rent at this property for residents receiving a rent subsidy but in recent years, there has been discussions in Congress to implement a minimum rent in the Section 202 Program to reduce cost burden on the Federal budget.

Arizona's 6th

Congressional District

41

Section 202 Units

41

Senior Units

82

% of Fair Market Rent

31-Dec-16

Project Based Sec. 8 Contract Expiration

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