Syl Mar Apartments Bond
3838 W Camelback Road
Phoenix, Maricopa County, Arizona 85019

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Funding Programs

Syl Mar Apartments bond 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 2000. The property was placed in service in 2001. 267 of 267 units at Syl Mar Apartments bond 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.


Syl Mar Apartments bond 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).

Syl Mar Apartments bond is an apartment community containing 267 rental units. The property contains 464 bedrooms and based on typical apartment occupancy limits, Syl Mar Apartments bond is home to not more than 881 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

Syl Mar Apartments bond contains a mix of 267 assisted one, two, and three bedroom apartments for rent. There are 94 One Bedroom, 149 Two Bedroom, and 24 Three Bedroom apartments in this property. The unit mix is 35% One Bedroom, 56% Two Bedroom, and 9% Three Bedroom apartment rentals. The average bedroom size for Syl Mar Apartments bond is 1.74.

Arizona's 6th

Congressional District


Total Units


Tax Credit Units

One, Two, and Three

Unit Mix


Average Bedroom Size

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