Casa Farnese Apartments
1300 Lombard St.
Philadelphia, Philadelphia County, Pennsylvania 19147

Call (855) 598-3283, enter extension 60849, then hit #.

Request an Application

About The Property:

Casa Farnese provides independent living apartments to Senior citizens 62 and over at affordable rental rates in Philadelphia, PA. We're located in a vibrant, downtown neighborhood with proximity to shopping, public transportation, social service agencies and cultural activities. We have a 24 hour front desk. Please call our site manager for more information.

Unit Information

Unit Bed/Bath Rent
Studio 0/1 Income Based
1 BR 1/1 Income Based

Property Amenities

  • Community Room
  • Organized Activities
  • Laundry Room
  • 24hr Emergency Maintenance

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Refrigerator

Nearby Amenities

  • Close to Dining
  • Close to Public Transportation
  • Close to Shopping

Managed By PRD Management, Inc.

Funding Programs

Casa Farnese Apartments 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

Casa Farnese Apartments has a project-based Section 8 contract. 196 of the 288 total units at the property receive Section 8 assistance. This means that 68% 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 25, 2013 and the contract expires on September 24, 2033. The Section 8 contract rent is 102.6% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $830.00 for Zero Bedroom and $1,003.00 for One 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.

Overview

Casa Farnese 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).

Casa Farnese Apartments is an apartment community containing 196 rental units. The property contains 92 bedrooms and based on typical apartment occupancy limits, Casa Farnese Apartments is home to not more than 242 persons when fully occupied.

Rent Subsidies

Casa Farnese 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

Casa Farnese Apartments contains a mix of 196 assisted studio and one bedroom apartments for rent. There are 104 Studio and 92 One Bedroom apartments in this property. The unit mix is 53% Studio and 47% One Bedroom apartment rentals. The average bedroom size for Casa Farnese Apartments is 0.32.

Pennsylvania's 2nd

Congressional District

196

Total Units

196

Project Based Sec. 8 Units

102.6

% of Fair Market Rent

24-Sep-33

Project Based Sec. 8 Contract Expiration

Studio and One

Unit Mix

0.32

Average Bedroom Size

Find More in Philadelphia

Search Nearby Affordable Housing

Find More in Philadelphia County

Search Nearby Affordable Housing

Find More in Pennsylvania

Search Nearby Affordable Housing

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