Haddington Elderly
5600 Race Street
Philadelphia, Philadelphia County, Pennsylvania 19139

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Funding Programs

Haddington Elderly 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

Haddington Elderly has a project-based Section 8 contract. 135 of the 136 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 March 01, 2012 and the contract expires on February 28, 2017. The Section 8 contract rent is 99.5% 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.

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

Haddington Elderly 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).

Haddington Elderly is an apartment community containing 135 rental units. The property contains 135 bedrooms and based on typical apartment occupancy limits, Haddington Elderly is home to not more than 202 persons when fully occupied.

Rent Subsidies

Haddington Elderly 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

Haddington Elderly contains a mix of 135 assisted one bedroom apartments for rent. There are 135 One Bedroom apartments in this property. The unit mix is 100% One Bedroom apartment rentals. The average bedroom size for Haddington Elderly is 0.99.

Pennsylvania's 2nd

Congressional District

135

Total Units

135

Project Based Sec. 8 Units

99.5

% of Fair Market Rent

28-Feb-17

Project Based Sec. 8 Contract Expiration

One

Unit Mix

0.99

Average Bedroom Size

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