1601 Federal St , Philadelphia, PA 19146
Waiting List Forecast: Likely Short or None
Verified for 2020 by Ric Gresia, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
At The Universal Properties, you’ll find a Point Breeze apartment home where everything you want is brought together: a location in the neighborhood where you want to live, amenities designed to make your life more enjoyable, and features that are both modern and centered on comfort.
Whether you choose a one, two, three or four apartment, you’ll find a unique layout that makes coming home something special. Adding to these wonderful comforts, you’ll also enjoy all of the extras at The Universal Properties such as neighborhood shopping, a great view of the Center City skyline, and a variety of resident services.
Visit The Universal Properties and the Point Breeze neighborhood today to find out why Zillow called Point Breeze Philadelphia's hottest neighborhood!
Located just blocks from Center City, Philadelphia, The Universal Properties puts you close to the places you want to be: shopping, dining and entertainment. This is the kind of home you’ve been looking for. At Universal Properties, we bring it all together.
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 Universal Point & Commons at Point Breeze 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. As a LIHTC property that chose the 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 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 |
| 60% AMI for LIHTC Units | $46,920 / year | $53,580 / year | $60,300 / year | $66,960 / year | $72,360 / year | $77,700 / year | $83,040 / year | $88,440 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Universal Point & Commons at Point Breeze have a waiting list?
Universal Point & Commons at Point Breeze 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 Universal Point & Commons at Point Breeze?
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 Universal Point & Commons at Point Breeze?
Universal Point & Commons at Point Breeze is managed by Pennrose Management Company headquartered in Philadelphia , Pennsylvania.
In addition to Universal Point & Commons at Point Breeze, how many other affordable housing properties (and units) are there in Philadelphia?
In addition to Universal Point & Commons at Point Breeze, 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.
376-386 Dupont St, Philadelphia, Pennsylvania 19128
3901 Market Street, Philadelphia, Pennsylvania 19104
3900 Haverford Avenue, Philadelphia, Pennsylvania 19104
1508 W Allegheny Ave, Philadelphia, Pennsylvania 19132
Know your rights as a Section 8 tenant.
Some states and local governments have laws that protect renters with a Section 8 voucher who are looking for an available unit. Check your local laws.Kimberly Leighton says:
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