Roosevelt East Apartments
2939 E Roosevelt
Phoenix, Maricopa County, Arizona 85008

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Funding Programs

Roosevelt East Apartments 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

Roosevelt East Apartments has a project-based Section 8 contract. 79 of the 80 total units at the property receive Section 8 assistance. This means that 99% 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 July 01, 2008 and the contract expires on June 30, 2028. The Section 8 contract rent is 97.8% 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

Roosevelt East 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).

Roosevelt East Apartments is an apartment community containing 79 rental units. The property contains 141 bedrooms and based on typical apartment occupancy limits, Roosevelt East Apartments is home to not more than 266 persons when fully occupied.

Rent Subsidies

Roosevelt East Apartments 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

Roosevelt East Apartments contains a mix of 79 assisted one, two, and three bedroom apartments for rent. There are 32 One Bedroom, 32 Two Bedroom, and 15 Three Bedroom apartments in this property. The unit mix is 41% One Bedroom, 41% Two Bedroom, and 19% Three Bedroom apartment rentals. The average bedroom size for Roosevelt East Apartments is 1.76.

Arizona's 6th

Congressional District

79

Total Units

79

Project Based Sec. 8 Units

97.8

% of Fair Market Rent

30-Jun-28

Project Based Sec. 8 Contract Expiration

One, Two, and Three

Unit Mix

1.76

Average Bedroom Size

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