611 N 40TH ST

611 N 40TH ST, Philadelphia, PA 19104

Waiting List Forecast: Likely Short or None

check_circleVerified for 2021 by Colleen Carter, Ric Gresia
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Waitlist Forecast

Since this property is a HOME program property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Project-Based Vouchers

Dave's Thoughts On 611 N 40TH ST

Because 611 N 40TH ST participates in HUD's HOME program for rental housing, at least some of the units in this property are set aside for households at or below 60% of the AMI and rents are capped at the local FMR and in many cases much lower. For a project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME program. Since this property participates in the HOME program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for 611 N 40TH ST

*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
30% AMI for PBRA Units $23,450 / year $26,800 / year $30,150 / year $33,500 / year $36,200 / year $40,280 / year $45,420 / year $50,560 / year
50% AMI for LIHTC Units $39,100 / year $44,650 / year $50,250 / year $55,800 / year $60,300 / year $64,750 / year $69,200 / year $73,700 / year
50% AMI for PBRA Units $39,100 / year $44,650 / year $50,250 / year $55,800 / year $60,300 / year $64,750 / year $69,200 / year $73,700 / year
80% AMI for PBRA Units $62,500 / year $71,400 / year $80,350 / year $89,250 / year $96,400 / year $103,550 / year $110,700 / year $117,850 / year

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

FAQs for 611 N 40TH ST

Does 611 N 40TH ST have a waiting list?

611 N 40TH ST probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at 611 N 40TH ST?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

In addition to 611 N 40TH ST, how many other affordable housing properties (and units) are there in Philadelphia?

In addition to 611 N 40TH ST, we list 570 other affordable properties in Philadelphia. Learn about these properties here. Our data research shows that there are a total of 35854 affordable units in Philadelphia.

Listings Near 611 N 40TH ST

Roxborough Townhomes at Dupont

376-386 Dupont St, Philadelphia, Pennsylvania 19128

bed 3-4
payment $1350-1450/mo.

Roxborough Townhomes at Krams

357-377 Krams Ave, Philadelphia, Pennsylvania 19128

bed 1-2
payment $900-925/mo.

West Oak Lane Townhomes

2146 W Nedro Ave, Philadelphia, Pennsylvania 19138

bed 3
payment $900-925/mo.

University Square Apartments

3901 Market Street, Philadelphia, Pennsylvania 19104

bed 1
payment $829/mo.

The Cloisters

3900 Haverford Avenue, Philadelphia, Pennsylvania 19104

bed 2
payment $723/mo.

The Willows at Edgewood

1508 W Allegheny Ave, Philadelphia, Pennsylvania 19132

bed 2-3
payment $642-800/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.