Dorado Village
2642 N Marshall St
Philadelphia, Philadelphia County, Pennsylvania 19133

Call (855) 598-3283, enter extension 34119, then hit #.

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Managed By Pennrose Management Company

Funding Programs

Dorado Village 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

Dorado Village has a project-based Section 8 contract. 80 of the 81 total units at the property receive Section 8 assistance. This means that 99% 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, 2004 and the contract expires on August 31, 2024. The Section 8 contract rent is 73% 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.

Overview

Dorado Village 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).

Dorado Village is an apartment community containing 80 rental units. The property contains 208 bedrooms and based on typical apartment occupancy limits, Dorado Village is home to not more than 412 persons when fully occupied.

Rent Subsidies

Dorado Village 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

Dorado Village contains a mix of 80 assisted one, two, three, and four bedroom apartments for rent. There are 8 One Bedroom, 24 Two Bedroom, 40 Three Bedroom, and 8 Four Bedroom apartments in this property. The unit mix is 10% One Bedroom, 30% Two Bedroom, 50% Three Bedroom, and 10% Four Bedroom apartment rentals. The average bedroom size for Dorado Village is 2.57.

Pennsylvania's 2nd

Congressional District

80

Total Units

80

Project Based Sec. 8 Units

73

% of Fair Market Rent

31-Aug-24

Project Based Sec. 8 Contract Expiration

One, Two, Three, and Four

Unit Mix

2.57

Average Bedroom Size

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