Opportunities For Aging
1717 W Hunting Park Ave
Philadelphia, Philadelphia County, Pennsylvania 19140

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Funding Programs

Opportunities For Aging 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. Opportunities For Aging is among only 272 Section 202 properties in Pennsylvania and 6,166 in the country.

Overview

Opportunities For Aging 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).

Opportunities For Aging is an apartment community containing 150 rental units. The property contains 150 bedrooms and based on typical apartment occupancy limits, Opportunities For Aging is home to not more than 225 persons when fully occupied.

Rent Subsidies

Opportunities For Aging 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

Opportunities For Aging contains a mix of 150 assisted one bedroom apartments for rent. There are 150 One Bedroom apartments in this property. The unit mix is 100% One Bedroom apartment rentals. The average bedroom size for Opportunities For Aging is 0.99.

Pennsylvania's 2nd

Congressional District

150

Total Units

150

Project Based Sec. 8 Units

150

Section 202 Units

150

Senior Units

111

% of Fair Market Rent

16-Jul-32

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