Clara Baldwin Apartments
2600 W Susquehanna Ave
Philadelphia, Philadelphia County, Pennsylvania 19121

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Funding Programs

Clara Baldwin 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

Clara Baldwin Apartments has a project-based Section 8 contract. 54 of the 60 total units at the property receive Section 8 assistance. This means that 90% 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 August 01, 2014 and the contract expires on July 31, 2034. The Section 8 contract rent is 95% 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.

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 2006 for $561,426 with a 10 year value of $5,614,260. The property was placed in service in 2008. 59 of 60 units at Clara Baldwin 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

Clara Baldwin 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).

Clara Baldwin Apartments is an apartment community containing 54 rental units. This property serves seniors and disabled persons. The property contains 22 bedrooms and based on typical apartment occupancy limits, Clara Baldwin Apartments is home to not more than 65 persons when fully occupied.

Rent Subsidies

Clara Baldwin 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

Clara Baldwin Apartments contains a mix of 54 assisted studio and one bedroom apartments for rent. There are 32 Studio and 22 One Bedroom apartments in this property. The unit mix is 59% Studio and 41% One Bedroom apartment rentals. The average bedroom size for Clara Baldwin Apartments is 0.37.

Pennsylvania's 2nd

Congressional District

54

Total Units

59

Tax Credit Units

54

Project Based Sec. 8 Units

59

Senior Units

95

% of Fair Market Rent

31-Jul-34

Project Based Sec. 8 Contract Expiration

Studio and One

Unit Mix

0.37

Average Bedroom Size

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