Larchwood Gardens Apartments
2820 S 81st St
Philadelphia, Philadelphia County, Pennsylvania 19153

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Funding Programs

Larchwood Gardens Apartments 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

Larchwood Gardens Apartments has a project-based Section 8 contract. 179 of the 180 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 January 01, 2015 and the contract expires on December 31, 2034. The Section 8 contract rent is 83.2% 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, and $1,502.00 for Three 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

Larchwood Gardens 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).

Larchwood Gardens Apartments is an apartment community containing 179 rental units. The property contains 358 bedrooms and based on typical apartment occupancy limits, Larchwood Gardens Apartments is home to not more than 701 persons when fully occupied.

Rent Subsidies

Larchwood Gardens 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

Larchwood Gardens Apartments contains a mix of 179 assisted one, two, and three bedroom apartments for rent. There are 30 One Bedroom, 119 Two Bedroom, and 30 Three Bedroom apartments in this property. The unit mix is 17% One Bedroom, 66% Two Bedroom, and 17% Three Bedroom apartment rentals. The average bedroom size for Larchwood Gardens Apartments is 1.99.

Pennsylvania's 2nd

Congressional District

179

Total Units

179

Project Based Sec. 8 Units

83.2

% of Fair Market Rent

31-Dec-34

Project Based Sec. 8 Contract Expiration

One, Two, and Three

Unit Mix

1.99

Average Bedroom Size

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