Venango House
2104 W Venango St
Philadelphia, Philadelphia County, Pennsylvania 19140

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Funding Programs

Venango House was developed and operates with Federal housing financing. The property utilizes the Project Based Sec. 8 Federal housing program to make rent affordable to lower income tenants.

Section 8

Venango House has a project-based Section 8 contract. 105 of the 105 total units at the property receive Section 8 assistance. This means that 100% of the renter households in the property pay no more than 30% of their adjusted income for rent.

The current Section 8 contract was effective on May 17, 2012 and the contract expires on May 16, 2032. The Section 8 contract rent is 104.4% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,003.00 for One Bedroom and $1,210.00 for Two Bedroom.

29% of Pennsylvania properties and 26% of all properties across the country have Section 8 rental subsidies. See the Rent Subsidies section for more.

Overview

Venango House 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).

Venango House is an apartment community containing 105 rental units. The property contains 126 bedrooms and based on typical apartment occupancy limits, Venango House is home to not more than 210 persons when fully occupied.

Rent Subsidies

Venango House provides rental subsidies to renters. The type of subsidy provided to apartment renters in Philadelphia, PA by this property is Project Based Sec. 8.

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 a minimum rent payment of not less than $25 and as much as $50 for all subsidy recipients at this property. That means that even if a renter has zero income, they will still be required to pay rent. In recent years, there have been various legislative proposals to increase the Section 8 minimum rent but advocates make the valid point that minimum rents affect the poorest of the poor.

Unit Mix

Venango House contains a mix of 105 assisted one and two bedroom apartments for rent. There are 84 One Bedroom and 21 Two Bedroom apartments in this property. The unit mix is 80% One Bedroom and 20% Two Bedroom apartment rentals. The average bedroom size for Venango House is 1.2.

Pennsylvania's 2nd

Congressional District

105

Total Units

105

Project Based Sec. 8 Units

104.4

% of Fair Market Rent

16-May-32

Project Based Sec. 8 Contract Expiration

One and Two

Unit Mix

1.2

Average Bedroom Size

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