13 N Salford St, Philadelphia, PA 19139
Waiting List Forecast: Likely Short or None
Verified for 2024 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $675 - 825 per Month† | 1 - 2 Beds | 1 Bath | 700 - 891 Sq Ft |
Since this property is a LIHTC 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.
Apartments at New Market West is an affordable community offering spacious 1-bedroom and 2-bedroom apartments with state-of-the-art kitchens with Energy-Star appliances and upscale bathroom finishes. Property amenities include a community room with kitchen, laundry room, fitness center, and secured building entry.
Apartments at New Market West is a quick walk away from the 60th Street Market-Frankford El stop, perfect for commuters and those who like to explore different parts of the City. Adjacent to the property is the new neighborhood hub New Market West were residents can access child care, community resources, healthcare, retail and more. A supermarket is within walking distance at 56th and Chestnut Streets; and three neighborhood shopping districts are nearby including the 60th St. Corridor (basic services); the 52nd Street Corridor (neighborhood retail); and 69th Street in Upper Darby (national retailers and international restaurants). There is a Free Library branch at 5543 Haverford Avenue and a recreation center at 56th and Haverford.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Apartments at New Market West does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 700ft2 | $675 $700† |
| Two Bedroom (2/1) | 891ft2 | $800 $825† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $23,450 / year | $26,800 / year | $30,150 / year | $33,500 / year |
| 50% AMI for LIHTC Units | $39,100 / year | $44,650 / year | $50,250 / year | $55,800 / year |
| 50% AMI for PBRA Units | $39,100 / year | $44,650 / year | $50,250 / year | $55,800 / year |
| 60% AMI for LIHTC Units | $46,920 / year | $53,580 / year | $60,300 / year | $66,960 / year |
| 80% AMI for PBRA Units | $62,500 / year | $71,400 / year | $80,350 / year | $89,250 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Apartments at New Market West have a waiting list?
Apartments at New Market West 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 Apartments at New Market West?
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.
What property management company manges Apartments at New Market West?
Apartments at New Market West is managed by Columbus Property Management
In addition to Apartments at New Market West, how many other affordable housing properties (and units) are there in Philadelphia?
In addition to Apartments at New Market West, we list 785 other affordable properties in Philadelphia. Learn about these properties here. Our data research shows that there are a total of 36088 affordable units in Philadelphia.
When was the Apartments at New Market West listing last updated?
Apartments at New Market West listing on Affordable Housing Online was last updated on 05/14/2024 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
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