Neighborhood Restoration Xi
5801 Osage Ave
Philadelphia, Philadelphia County, Pennsylvania 19143

Call (855) 598-3283, enter extension 45417, then hit #.

Request an Application

Funding Programs

Neighborhood Restoration Xi 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. . 27 of 27 units at Neighborhood Restoration Xi are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.

Overview

Neighborhood Restoration Xi 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).

Neighborhood Restoration Xi is an apartment community containing 27 rental units. This property serves all family types. The property contains 73 bedrooms and based on typical apartment occupancy limits, Neighborhood Restoration Xi is home to not more than 145 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

Neighborhood Restoration Xi contains a mix of 27 assisted one, two, three, and four bedroom apartments for rent. There are 1 One Bedroom, 9 Two Bedroom, 14 Three Bedroom, and 3 Four Bedroom apartments in this property. The unit mix is 4% One Bedroom, 33% Two Bedroom, 52% Three Bedroom, and 11% Four Bedroom apartment rentals. The average bedroom size for Neighborhood Restoration Xi is 2.7.

Pennsylvania's 2nd

Congressional District

27

Total Units

27

Tax Credit Units

One, Two, Three, and Four

Unit Mix

2.7

Average Bedroom Size

Find More in Philadelphia

Search Nearby Affordable Housing

Find More in Philadelphia County

Search Nearby Affordable Housing

Find More in Pennsylvania

Search Nearby Affordable Housing

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