Simpson Fletcher Conestoga Hse
5353 W Master St
Philadelphia, Philadelphia County, Pennsylvania 19131

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Funding Programs

Simpson Fletcher Conestoga Hse 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. Simpson Fletcher Conestoga Hse is among only 272 Section 202 properties in Pennsylvania and 6,166 in the country.

Overview

Simpson Fletcher Conestoga Hse 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).

Simpson Fletcher Conestoga Hse is an apartment community containing 60 rental units. The property contains 62 bedrooms and based on typical apartment occupancy limits, Simpson Fletcher Conestoga Hse is home to not more than 95 persons when fully occupied.

Rent Subsidies

Simpson Fletcher Conestoga Hse 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

Simpson Fletcher Conestoga Hse contains a mix of 60 assisted one and two bedroom apartments for rent. There are 58 One Bedroom and 2 Two Bedroom apartments in this property. The unit mix is 97% One Bedroom and 3% Two Bedroom apartment rentals. The average bedroom size for Simpson Fletcher Conestoga Hse is 1.02.

Pennsylvania's 2nd

Congressional District

60

Total Units

60

Project Based Sec. 8 Units

60

Section 202 Units

60

Senior Units

109.1

% of Fair Market Rent

09-Feb-33

Project Based Sec. 8 Contract Expiration

One and Two

Unit Mix

1.02

Average Bedroom Size

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