1300 Lombard Street, Philadelphia, PA 19147
Waiting List Forecast: Likely Long or Closed
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 1 Bed | 1 Bath | 410 - 524 Sq Ft |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
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.
This property participates in the Section 8 Project-Based Rental Assistance program meaning the rent for many, if not all, units is based on a tenant's income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. This property was also financed through a HUD-insured private mortgage meaning the owner has oversight from both a private bank and HUD. This usually means Casa Farnese Apartments is kept in good condition. Since this property has a project-based Section 8 contract, you won't need a Section 8 voucher to live here. If you have a voucher, you may have to give it up to live here.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 410ft2 | Rent is Based On Your Income† |
| 1 BR (1/1) | 524ft2 | Rent is Based On Your Income† |
| 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.
Does Casa Farnese Apartments have a waiting list?
Casa Farnese Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Casa Farnese Apartments?
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.
What property management company manges Casa Farnese Apartments?
Casa Farnese Apartments is managed by PRD Management, Inc. headquartered in Pennsauken, New Jersey.
In addition to Casa Farnese Apartments, how many other affordable housing properties (and units) are there in Philadelphia?
In addition to Casa Farnese Apartments, 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.
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Housing options for families with immigrants.
If the head of household is a citizen or eligible immigrant, you can still qualify for HUD programs with a citizenship requirement.Eileen Savarese says:
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