Reed Street Presbyterian Apartments

1401 S 16th St, Philadelphia, Pennsylvania 19146

Reed Street Presbyterian Apartments
Located in South Philadelphia off Broad Street, Reed Street Presbyterian Apartments serves low-income seniors ages 62 and older.

The Apartments

Reed Street Presbyterian Apartments offers 84 one-bedroom affordable housing apartments, featuring:

  • Full kitchens, window shades, ample closets and wall-to-wall carpeting.
  • Call bell in bedroom and bathroom.
  • Energy-efficient heating and air conditioning systems.
  • ENERGY STAR®-certified appliances.
  • Water-saving plumbing fixtures.
  • Green-friendly building systems.
  • Emergency call buttons in bedrooms and bathrooms.
  • Fire detection systems.
  • Extra insulation.

Units

Unit (Bd/Ba) Ft2 Rent
One Bed One Bath (1/1) - Call for Price

Reed Street Presbyterian Apartments Details

  • 84 one bedroom units.
  • Section 202 Supportive Housing for the Elderly
  • HOME Investment Partnerships Program

Nearby Amenities

  • Close to Public Transportation

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Philadelphia HUD Rental Assistance Income Qualifications

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 Reed Street Presbyterian 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

Reed Street Presbyterian Apartments is managed by HumanGood.

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