Westward Ho Apartments
618 N Central Ave Ste 100
Phoenix, Maricopa County, Arizona 85004

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Funding Programs

Westward Ho Apartments was developed and operates with Federal housing financing. The property utilizes 2 Federal housing programs to make rent affordable to lower income tenants. These programs are Low Income Housing Tax Credit and Project Based Sec. 8.

Section 8

Westward Ho Apartments has a project-based Section 8 contract. 289 of the 289 total units at the property receive Section 8 assistance. This means that 100% 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, 2015 and the contract expires on March 31, 2033. The Section 8 contract rent is 119.3% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $596.00 for Zero Bedroom, $735.00 for One Bedroom, and $914.00 for Two 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.

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 2002. The property was placed in service in 2004. 289 of 289 units at Westward Ho Apartments are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was located in a Qualified Census Tract qualifying it for additional tax credit financing.

Overview

Westward Ho 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).

Westward Ho Apartments is an apartment community containing 289 rental units. The property contains 185 bedrooms and based on typical apartment occupancy limits, Westward Ho Apartments is home to not more than 383 persons when fully occupied.

Rent Subsidies

Westward Ho 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

Westward Ho Apartments contains a mix of 289 assisted studio, one, and two bedroom apartments for rent. There are 105 Studio, 183 One Bedroom, and 1 Two Bedroom apartments in this property. The unit mix is 36% Studio, 63% One Bedroom, and 0% Two Bedroom apartment rentals. The average bedroom size for Westward Ho Apartments is 0.64.

Arizona's 6th

Congressional District

289

Total Units

289

Tax Credit Units

289

Project Based Sec. 8 Units

119.3

% of Fair Market Rent

31-Mar-33

Project Based Sec. 8 Contract Expiration

Studio, One, and Two

Unit Mix

0.64

Average Bedroom Size

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