St. Mary
6515 North 39th Avenue
Phoenix, Maricopa County, Arizona 85019

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Funding Programs

St. Mary 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. St. Mary is among only 84 Section 202 properties in Arizona and 6,166 in the country.

Overview

St. Mary 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

St. Mary 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

40

Section 202 Units

40

Senior Units

94.7

% of Fair Market Rent

31-Mar-17

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