Franklin Center
410 W Franklin St
Baltimore, Baltimore City County, Maryland 21201

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Funding Programs

Franklin Center 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

Franklin Center has a project-based Section 8 contract. 38 of the 38 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 June 25, 1982 and the contract expires on October 31, 2023. The Section 8 contract rent is 96.3% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,033.00 for One Bedroom and $1,298.00 for Two Bedroom.

26% of Maryland properties and 26% of all properties across the country have Section 8 rental subsidies. See the Rent Subsidies section for more.

Overview

Franklin Center is an affordable apartment community located in Baltimore, Maryland which is located in Baltimore City County. The property is located in Maryland's 3rd Congressional District served by Representative John Sarbanes (D), Senator Chris Van Hollen (D) and Senator Benjamin Cardin (D).

Franklin Center is an apartment community containing 38 rental units. The property contains 53 bedrooms and based on typical apartment occupancy limits, Franklin Center is home to not more than 94 persons when fully occupied.

Rent Subsidies

Franklin Center provides rental subsidies to renters. The type of subsidy provided to apartment renters in Baltimore, MD 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

Franklin Center contains a mix of 38 assisted one and two bedroom apartments for rent. There are 23 One Bedroom and 15 Two Bedroom apartments in this property. The unit mix is 61% One Bedroom and 39% Two Bedroom apartment rentals. The average bedroom size for Franklin Center is 1.39.

Maryland's 3rd

Congressional District

38

Total Units

38

Project Based Sec. 8 Units

96.3

% of Fair Market Rent

31-Oct-23

Project Based Sec. 8 Contract Expiration

One and Two

Unit Mix

1.39

Average Bedroom Size

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