Clover Affordable Housing L.p./waverly
4231 W Girard Ave
Philadelphia, Philadelphia County, Pennsylvania 19104

Call (855) 598-3283, enter extension 34010, then hit #.

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Funding Programs

Clover Affordable Housing, L.p./waverly was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

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 1995 for $125,823 with a 10 year value of $1,258,230. The property was placed in service in 1995. 11 of 11 units at Clover Affordable Housing, L.p./waverly 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

Clover Affordable Housing, L.p./waverly 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).

Clover Affordable Housing, L.p./waverly is an apartment community containing 11 rental units. This property serves all family types. The property contains 30 bedrooms and based on typical apartment occupancy limits, Clover Affordable Housing, L.p./waverly is home to not more than 60 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

Clover Affordable Housing, L.p./waverly contains a mix of 11 assisted two and three bedroom apartments for rent. There are 3 Two Bedroom and 8 Three Bedroom apartments in this property. The unit mix is 27% Two Bedroom and 73% Three Bedroom apartment rentals. The average bedroom size for Clover Affordable Housing, L.p./waverly is 2.73.

Pennsylvania's 2nd

Congressional District

11

Total Units

11

Tax Credit Units

Two and Three

Unit Mix

2.73

Average Bedroom Size

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