Anthony Wayne Senior Housing
1701 S 28th St Apartments G05
Philadelphia, Philadelphia County, Pennsylvania 19145

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Funding Programs

Anthony Wayne Senior Housing was developed and operates with Federal housing financing. The property utilizes 3 Federal housing programs to make rent affordable to lower income tenants. These programs are Low Income Housing Tax Credit, HOME, and Community Development Block Grant.

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 for $540,755 with a 10 year value of $5,407,550. The property was placed in service in 2004. 39 of 39 units at Anthony Wayne Senior Housing 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.

HOME Investment Partnership

The property was financed in part with financing through the Federal HOME Investment Partnership Program. 39 of the 39 total units at Anthony Wayne Senior Housing are assisted under the HOME program. It received $390,000 ($10,000 per unit) in financing through the HOME program.

Community Development Block Grant

The property was financed with partial financing through the Federal Community Development Block Grant Program (CDBG) which provides general funding to local governments to help create affordable housing and economic development opportunities. Anthony Wayne Senior Housing received $910,000 ($23,333 per unit) of financing through the CDBG Program.

Overview

Anthony Wayne Senior Housing is an affordable apartment community located in Philadelphia, Pennsylvania which is located in Philadelphia County. The property is located in Pennsylvania's 2nd Congressional District served by Representative Dwight Evans (D), Senator Patrick Toomey (R) and Senator Robert Casey (D).

Anthony Wayne Senior Housing is an apartment community containing 39 rental units. This property serves seniors. The property contains 44 bedrooms and based on typical apartment occupancy limits, Anthony Wayne Senior Housing is home to not more than 71 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

Anthony Wayne Senior Housing contains a mix of 39 assisted one and two bedroom apartments for rent. There are 34 One Bedroom and 5 Two Bedroom apartments in this property. The unit mix is 87% One Bedroom and 13% Two Bedroom apartment rentals. The average bedroom size for Anthony Wayne Senior Housing is 1.13.

Pennsylvania's 2nd

Congressional District

39

Total Units

39

Tax Credit Units

39

CDBG Units

39

HOME Units

39

Senior Units

One and Two

Unit Mix

1.13

Average Bedroom Size

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