Carl Mackley Apartments
1401 E Bristol St
Philadelphia, Philadelphia County, Pennsylvania 19124

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Funding Programs

Carl Mackley 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

Carl Mackley Apartments has a project-based Section 8 contract. 92 of the 184 total units at the property receive Section 8 assistance. This means that 50% 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 September 01, 2013 and the contract expires on August 31, 2018. The Section 8 contract rent is 71.9% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,003.00 for One Bedroom, $1,210.00 for Two Bedroom, $1,502.00 for Three Bedroom, and $1,659.00 for Four Bedroom.

29% of Pennsylvania 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 1997. The property was placed in service in 1999. 184 of 184 units at Carl Mackley Apartments 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.

Overview

Carl Mackley Apartments 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).

Carl Mackley Apartments is an apartment community containing 92 rental units. The property contains 232 bedrooms and based on typical apartment occupancy limits, Carl Mackley Apartments is home to not more than 458 persons when fully occupied.

Rent Subsidies

Carl Mackley Apartments provides rental subsidies to renters. The type of subsidy provided to apartment renters in Philadelphia, PA 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

Carl Mackley Apartments contains a mix of 92 assisted one, two, three, and four bedroom apartments for rent. There are 11 One Bedroom, 46 Two Bedroom, 11 Three Bedroom, and 24 Four Bedroom apartments in this property. The unit mix is 12% One Bedroom, 50% Two Bedroom, 12% Three Bedroom, and 26% Four Bedroom apartment rentals. The average bedroom size for Carl Mackley Apartments is 1.26.

Pennsylvania's 2nd

Congressional District

92

Total Units

184

Tax Credit Units

92

Project Based Sec. 8 Units

71.9

% of Fair Market Rent

31-Aug-18

Project Based Sec. 8 Contract Expiration

One, Two, Three, and Four

Unit Mix

2.52

Average Bedroom Size

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