Casa Farnese offers affordable rents for persons 62 years or older. Some federally subsidized (Section 8 approved) apartments are available for those who qualify under the income limits set by the US Department of Housing and Urban Development (HUD) and the occupancy policy established by the sponsor. Monthly rent is based upon the resident's income in a formula specified by HUD. Non-subsidized apartments are rented at market rate to seniors 62 and over, most of whom are at 80% of median income or less.
To apply, call the property.
There is a 1.5-2 year long waiting list for a Studio unit.
Last updated on June 12th, 2017To apply, call the property.
There is a 3.5-4 year long waiting list for a 1-Bedroom unit.
Last updated on June 12th, 2017Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | 410 | Income Based |
1 BR (1/1) | 524 | Income Based |
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Philadelphia but actual income limits may differ for units at Casa Farnese Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $22,150 | $25,300 | $28,450 | $31,600 | $34,150 | $37,190 | $41,910 | $46,630 |
50% | $36,900 | $42,200 | $47,450 | $52,700 | $56,950 | $61,150 | $65,350 | $69,600 |
80% | $59,050 | $67,450 | $75,900 | $84,300 | $91,050 | $97,800 | $104,550 | $111,300 |
Casa Farnese Apartments is managed by PRD Management, Inc..