Sarah Allen Homes Partners/215-nds Rehab
831 N 41st St
Philadelphia, Philadelphia County, Pennsylvania 19104

Call (855) 598-3283, enter extension 34019, then hit #.

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Funding Programs

Sarah Allen Homes Partners/215-nds Rehab was developed and operates with Federal housing financing. The property utilizes 3 Federal housing programs to make rent affordable to lower income tenants. These programs are Low Income Housing Tax Credit, HOME, and Community Development Block Grant.

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. The property received a tax credit allocation in 1993 for $421,279 with a 10 year value of $4,212,790. The property was placed in service in 1995. 36 of 36 units at Sarah Allen Homes Partners/215-nds Rehab are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was located in a Qualified Census Tract qualifying it for additional tax credit financing.

HOME Investment Partnership

The property was financed in part with financing through the Federal HOME Investment Partnership Program. 36 of the 36 total units at Sarah Allen Homes Partners/215-nds Rehab are assisted under the HOME program. It received $130,000 ($3,611 per unit) in financing through the HOME program.

Community Development Block Grant

The property was financed with partial financing through the Federal Community Development Block Grant Program (CDBG) which provides general funding to local governments to help create affordable housing and economic development opportunities. Sarah Allen Homes Partners/215-nds Rehab received $900,000 ($25,000 per unit) of financing through the CDBG Program.

Overview

Sarah Allen Homes Partners/215-nds Rehab 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).

Sarah Allen Homes Partners/215-nds Rehab is an apartment community containing 36 rental units. This property serves all family types. The property contains 93 bedrooms and based on typical apartment occupancy limits, Sarah Allen Homes Partners/215-nds Rehab is home to not more than 186 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

Sarah Allen Homes Partners/215-nds Rehab contains a mix of 36 assisted two and three bedroom apartments for rent. There are 15 Two Bedroom and 21 Three Bedroom apartments in this property. The unit mix is 42% Two Bedroom and 58% Three Bedroom apartment rentals. The average bedroom size for Sarah Allen Homes Partners/215-nds Rehab is 2.58.

Pennsylvania's 2nd

Congressional District

36

Total Units

36

Tax Credit Units

36

CDBG Units

36

HOME Units

Two and Three

Unit Mix

2.58

Average Bedroom Size

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