Franklin Terrace is managed by Lancaster City Housing Authority.
Franklin Terrace offers 124 units located at South Broad Street and Almanac Avenue, (108 for families and 16 for elderly persons) and one Community Building. Franklin Terrace became operational in 1967.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom One Bath (1/1) | - | Call for Price |
Two Bedroom One Bath (2/1) | - | Call for Price |
Three Bedroom Two Bath (3/2) | - | Call for Price |
Four Bedroom Two Bath (4/2) | - | Call for Price |
Five Bedroom Three Bath (5/3) | - | Call for Price |
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 Lancaster but actual income limits may differ for units at Franklin Terrace.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | 9 Person | 10 Person |
---|---|---|---|---|---|---|---|---|---|---|
30% | $21,100 | $24,100 | $27,100 | $30,100 | $35,140 | $40,280 | $45,420 | $50,560 | $0 | $0 |
50% | $35,150 | $40,200 | $45,200 | $50,200 | $54,250 | $58,250 | $62,250 | $66,300 | $0 | $0 |
80% | $56,250 | $64,250 | $72,300 | $80,300 | $86,750 | $93,150 | $99,600 | $106,000 | $0 | $0 |
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.