Franklin Street Apartments is managed by Housing Development Corporation MidAtlantic (HDC MidAtlantic).
Property Information
Number of Units: 41
Occupancy: Senior 55+
Rent Type(s): Income Limits Apply,Rents Based on Income (select units),Section 8 Vouchers Accepted (select units),
Additional Information:
Accepting Applications for Waiting List
Studio/Efficiency Apartments $565
1 Bedroom Apartments from $610 – $640
2 Bedroom Apartments from $736 – $751
Rent includes heat, water, sewer and trash removal
*Minimum and maximum income guidelines may apply
Mod rehab
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | From $565 |
One Bedroom (1/1) | - | From $610 To $640 |
Two Bedroom (2/1) | - | From $736 To $751 |
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.