Washington Square West
220 S 11th Street
Philadelphia, Philadelphia County, Pennsylvania 19107

Call (855) 598-3283, enter extension 34033, then hit #.

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About The Property:

Washington Square West is an affordable, scattered site Center City Philadelphia apartment complex. Our property features 1-bedroom to 4-bedroom apartments. Handicapped accessible. Laundry facilities and community room on site. We are located in the heart of the city, near The Kimmel Center, the theater district, The Art Museum, and the Academy of Music. There are multiple means of public transportation nearby: regional rail line, Broad Street line, Market Frankford El, Patco line, NJ Transit, Greyhound, Amtrak and many SEPTA bus lines. Easy access to The Gallery at Market East, Jewelers Row, etc. TTY # (800) 654-5984

Unit Information

Unit Bed/Bath Rent
One Bedroom 1/1 $
Two Bedroom 2/1 $
Three Bedroom 3/1 $
Four Bedroom 4/2 $

Property Amenities

  • Community Room
  • Library
  • 24hr Emergency Maintenance
  • Urban Area

Unit Amenities

  • Garbage Disposal
  • Cable Ready
  • Window Coverings
  • Carpet

Nearby Amenities

  • Close to Dining
  • Close to Downtown District
  • Close to Public Transportation
  • Close to Shopping
  • Near Library
  • Near Park
  • Near Schools

Managed By NHPMN MANAGEMENT LP/ AIMCO

Funding Programs

Washington Square West 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 Project Based Sec. 8.

Section 8

Washington Square West has a project-based Section 8 contract. 132 of the 132 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 November 23, 2004 and the contract expires on November 22, 2024. The Section 8 contract rent is 140.3% 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, $1,210.00 for Two Bedroom, $1,502.00 for Three Bedroom, and $1,659.00 for Four 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.

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 2004 for $765,764 with a 10 year value of $7,657,640. The property was placed in service in 2007. 131 of 132 units at Washington Square West 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.

Overview

Washington Square West 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).

Washington Square West is an apartment community containing 132 rental units. This property serves all family types. The property contains 170 bedrooms and based on typical apartment occupancy limits, Washington Square West is home to not more than 290 persons when fully occupied.

Rent Subsidies

Washington Square West 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

Washington Square West contains a mix of 132 assisted one, two, three, and four bedroom apartments for rent. There are 100 One Bedroom, 27 Two Bedroom, 4 Three Bedroom, and 1 Four Bedroom apartments in this property. The unit mix is 76% One Bedroom, 20% Two Bedroom, 3% Three Bedroom, and 1% Four Bedroom apartment rentals. The average bedroom size for Washington Square West is 1.29.

Pennsylvania's 2nd

Congressional District

132

Total Units

131

Tax Credit Units

132

Project Based Sec. 8 Units

140.3

% of Fair Market Rent

22-Nov-24

Project Based Sec. 8 Contract Expiration

One, Two, Three, and Four

Unit Mix

1.29

Average Bedroom Size

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