Germantown Interfaith
14-20 W. Chelten Ave
Philadelphia, Philadelphia County, Pennsylvania 19126

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Funding Programs

Germantown Interfaith was developed and operates with Federal housing financing. The property utilizes the Section 202 Federal housing program to make rent affordable to lower income tenants.

Section 202

The property was developed with funding through the HUD Section 202 program which provides funding for housing for seniors who are 62 or older. The program provided both capital financing to construct the property and operating subsidies that work as rental assistance like the Section 8 program. Germantown Interfaith is among only 272 Section 202 properties in Pennsylvania and 6,166 in the country.

Overview

Germantown Interfaith 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).

Germantown Interfaith is an apartment community containing 95 rental units. The property contains 71 bedrooms and based on typical apartment occupancy limits, Germantown Interfaith is home to not more than 130 persons when fully occupied.

Rent Subsidies

Germantown Interfaith provides rental subsidies to renters. The type of subsidy provided to apartment renters in Philadelphia, PA by this property is Section 202 Rental Assistance.

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 no minimum rent at this property for residents receiving a rent subsidy but in recent years, there has been discussions in Congress to implement a minimum rent in the Section 202 Program to reduce cost burden on the Federal budget.

Unit Mix

Germantown Interfaith contains a mix of 95 assisted studio and one bedroom apartments for rent. There are 24 Studio and 71 One Bedroom apartments in this property. The unit mix is 25% Studio and 75% One Bedroom apartment rentals. The average bedroom size for Germantown Interfaith is 0.74.

Pennsylvania's 2nd

Congressional District

95

Total Units

95

Project Based Sec. 8 Units

95

Section 202 Units

95

Senior Units

121.8

% of Fair Market Rent

31-Dec-34

Project Based Sec. 8 Contract Expiration

Studio and One

Unit Mix

0.74

Average Bedroom Size

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