Franklin Terrace

500 S Ann St, Lancaster, PA 17602

Waiting List Forecast: Closed

check_circleVerified for 2020 by Lorena Bentley
Rent Beds Baths SqFt
Call for Rents 1 - 5 Beds 1 - 3 Baths -

Waitlist Information

Lancaster City Housing Authority Waiting List

Go to the public housing authority page for this waiting list >>

Franklin Terrace offers 124 units located at South Broad Street and Almanac Avenue, (108 for families and 16 for elderly persons) and one Community Building. Franklin Terrace became operational in 1967.

 

Dave's Thoughts On Franklin Terrace

This property is funded through HUD’s Public Housing program. These properties are typically owned and managed by a Public Housing Authority. These properties tend to be much older, as no new public housing has been built in many years. Since the Federal budget has historically (and notoriously) underfunded public housing renovations for decades, these properties tend to have higher vacancies due to uninhabitable units or liveable units that are in poor condition. In addition, since all public housing properties offer rent subsidies, low-income residents only pay rent based on their incomes. For that reason, these properties tend to have longer waiting lists. Check our public housing waiting list data for more information. Since Franklin Terrace participates in the Public Housing program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Franklin Terrace Amenities

  • On-Site Manager
  • On-Site Parking
  • Community Room
  • Landscaping
  • On-Site Maintenance
  • Smoke Free

Units at Franklin Terrace

Unit (Bd/Ba) Ft2 Rent
One Bedroom One Bath (1/1) - Call for Price
Two Bedroom One Bath (2/1) - Call for Price
Three Bedroom Two Bath (3/2) - Call for Price
Four Bedroom Two Bath (4/2) - Call for Price
Five Bedroom Three Bath (5/3) - Call for Price

Income Qualification for Franklin Terrace

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people 9 people 10 people
30% AMI for PBRA Units $21,100 / year $24,100 / year $27,100 / year $30,100 / year $35,140 / year $40,280 / year $45,420 / year $50,560 / year
50% AMI for LIHTC Units $35,150 / year $40,200 / year $45,200 / year $50,200 / year $54,250 / year $58,250 / year $62,250 / year $66,300 / year
50% AMI for PBRA Units $35,150 / year $40,200 / year $45,200 / year $50,200 / year $54,250 / year $58,250 / year $62,250 / year $66,300 / year
80% AMI for PBRA Units $56,250 / year $64,250 / year $72,300 / year $80,300 / year $86,750 / year $93,150 / year $99,600 / year $106,000 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Franklin Terrace

Does Franklin Terrace have a waiting list?

Franklin Terrace has a waiting list. See above for waiting list details.

Are rents subsidized at Franklin Terrace?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

In addition to Franklin Terrace, how many other affordable housing properties (and units) are there in Lancaster?

In addition to Franklin Terrace, we list 33 other affordable properties in Lancaster. Learn about these properties here. Our data research shows that there are a total of 2510 affordable units in Lancaster.

Listings Near Franklin Terrace

Garden Court Apartments

520 E End Ave, Lancaster, Pennsylvania 17602

The Apartments at Mulberry Corners

301 W James Street, Lancaster, Pennsylvania 17603

Park Avenue Apartments

255 Park Ave, Lancaster, Pennsylvania 17602

Lancaster Apartments

240 W Vine Street, Lancaster, Pennsylvania 17603

Umbrella Works Apartments

250 West King Street, Lancaster, Pennsylvania 17603

Ruoff Tower Apartments

315 N. Prince Street, Lancaster, Pennsylvania 17603

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.