Woodstock Cooperative
2829 North Lambert St
Philadelphia, Philadelphia County, Pennsylvania 19132

Request an Application

Funding Programs

Woodstock Cooperative 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

Woodstock Cooperative has a project-based Section 8 contract. 108 of the 108 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 September 01, 2015 and the contract expires on August 31, 2016. The Section 8 contract rent is 84.2% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $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.

Overview

Woodstock Cooperative 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).

Woodstock Cooperative is an apartment community containing 108 rental units. The property contains 284 bedrooms and based on typical apartment occupancy limits, Woodstock Cooperative is home to not more than 568 persons when fully occupied.

Rent Subsidies

Woodstock Cooperative 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

Woodstock Cooperative contains a mix of 108 assisted two, three, and four bedroom apartments for rent. There are 53 Two Bedroom, 42 Three Bedroom, and 13 Four Bedroom apartments in this property. The unit mix is 49% Two Bedroom, 39% Three Bedroom, and 12% Four Bedroom apartment rentals. The average bedroom size for Woodstock Cooperative is 2.63.

Pennsylvania's 2nd

Congressional District

108

Total Units

108

Project Based Sec. 8 Units

84.2

% of Fair Market Rent

31-Aug-16

Project Based Sec. 8 Contract Expiration

Two, Three, and Four

Unit Mix

2.63

Average Bedroom Size

Find More in Philadelphia

Search Nearby Affordable Housing

Find More in Philadelphia County

Search Nearby Affordable Housing

Find More in Pennsylvania

Search Nearby Affordable Housing

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