West Philadelphia Real Estate ( Wpre ) II

3728 Wallace St, Philadelphia, Pennsylvania 19104

West Philadelphia Real Estate ( Wpre ) II Details

  • 40 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Philadelphia Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Philadelphia but actual income limits may differ for units at West Philadelphia Real Estate ( Wpre ) II.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $36,900 $42,200 $47,450 $52,700 $56,950 $61,150 $65,350 $69,600
Low Income (60%) $44,280 $50,640 $56,940 $63,240 $68,340 $73,380 $78,420 $83,520

Nearby Low Income Apartment Communities

Casa Farnese Apartments

1300 Lombard Street
Philadelphia, Pennsylvania
Income Based
Studio-1 BR
Market Rate
Rent Assisted

Ruth Williams House

2415 North Broad Street
Philadelphia, Pennsylvania
Call For Rent
Studio BR
Homeless Supportive Housing
Affordable

Mount Sinai Apartments

430 Reed Street
Philadelphia, Pennsylvania
Call For Rent
1 BR
Rent Assisted
62+

Eight Diamonds

2028 West Norris Street
Philadelphia, Pennsylvania
Call For Rent
3-5 BR