St Anthony's Senior Residence
2309 Carpenter St
Philadelphia, Philadelphia County, Pennsylvania 19146

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Funding Programs

St Anthony's Senior Residence was developed and operates with Federal housing financing. The property utilizes 2 Federal housing programs to make rent affordable to lower income tenants. These programs are Low Income Housing Tax Credit 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 1998 for $682,578 with a 10 year value of $6,825,780. The property was placed in service in 2000. 53 of 53 units at St Anthony's Senior Residence 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.

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. St Anthony's Senior Residence received $0 ($0 per unit) of financing through the CDBG Program.

Overview

St Anthony's Senior Residence 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).

St Anthony's Senior Residence is an apartment community containing 53 rental units. This property serves seniors. The property contains 83 bedrooms and based on typical apartment occupancy limits, St Anthony's Senior Residence is home to not more than 147 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

St Anthony's Senior Residence contains a mix of 53 assisted one, two, three, and four bedroom apartments for rent. There are 38 One Bedroom, 5 Two Bedroom, 5 Three Bedroom, and 5 Four Bedroom apartments in this property. The unit mix is 72% One Bedroom, 9% Two Bedroom, 9% Three Bedroom, and 9% Four Bedroom apartment rentals. The average bedroom size for St Anthony's Senior Residence is 1.57.

Pennsylvania's 2nd

Congressional District

53

Total Units

53

Tax Credit Units

53

CDBG Units

53

Senior Units

One, Two, Three, and Four

Unit Mix

1.57

Average Bedroom Size

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