Yorktown Arms Lp/yorkto
1400 N 13th St
Philadelphia, Philadelphia County, Pennsylvania 19122

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Funding Programs

Yorktown Arms Lp/yorkto 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 1995 for $505,481 with a 10 year value of $5,054,810. The property was placed in service in 1997. 56 of 56 units at Yorktown Arms Lp/yorkto 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. Yorktown Arms Lp/yorkto received $0 ($0 per unit) of financing through the CDBG Program.

Overview

Yorktown Arms Lp/yorkto 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).

Yorktown Arms Lp/yorkto is an apartment community containing 56 rental units. This property serves all family types. The property contains 68 bedrooms and based on typical apartment occupancy limits, Yorktown Arms Lp/yorkto is home to not more than 114 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

Yorktown Arms Lp/yorkto contains a mix of 56 assisted one and two bedroom apartments for rent. There are 44 One Bedroom and 12 Two Bedroom apartments in this property. The unit mix is 79% One Bedroom and 21% Two Bedroom apartment rentals. The average bedroom size for Yorktown Arms Lp/yorkto is 1.21.

Pennsylvania's 2nd

Congressional District

56

Total Units

56

Tax Credit Units

56

CDBG Units

One and Two

Unit Mix

1.21

Average Bedroom Size

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