The Lofts at 2601

2601 N Broad St, Philadelphia, Pennsylvania 19132

Contact The Lofts at 2601

The Lofts At 2601 offer studio,1-bedroom, and single room occupancy (SRO) apartments, located in the former North Broad Station building. In addition to private living space, the Lofts at 2601 offer communal kitchens, dining areas, meditation rooms, a computer lab, and resource rooms, which have been created to facilitate a stronger sense of community amongst residents. A full food pantry is also available on-site to residents. All units of housing have a preference for homeless individuals with some units set aside for Department of Behavioral Health clients referred from the City of Philadelphia.

Unit (Bd/Ba)	Ft²	Rent
Single Room Occupancy (SRO) Unit (Studio/1)	135	Income Based
Efficiency (Studio/1)	500	Income Based
One Bedroom (1/1)	575	Income Based

Eligibility for The Lofts at 2601

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 The Lofts at 2601.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$23,450	$26,800	$30,150	$33,500	$36,200	$40,280	$45,420	$50,560
50%	$39,100	$44,650	$50,250	$55,800	$60,300	$64,750	$69,200	$73,700

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 The Lofts at 2601.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$39,100	$44,650	$50,250	$55,800	$60,300	$64,750	$69,200	$73,700
Low Income (60%)	$46,920	$53,580	$60,300	$66,960	$72,360	$77,700	$83,040	$88,440

The Lofts at 2601 Details

56 studio and one bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Rental Assistance Demonstration (RAD)

Property Amenities

Computer Lab
On-Site Social Services
Meal Services
Community Kitchen

Unit Amenities

Dining Area
New and Renovated Interior

Office Hours

Day	Hours
Monday	8:30am-4:30pm
Tuesday	8:30am-4:30pm
Wednesday	8:30am-4:30pm
Thursday	8:30am-4:30pm
Friday	8:30am-4:30pm

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.

Rental Assistance Demonstration (RAD)

Since this property is subsidized in part through the Rental Assistance Demonstration (RAD), some apartments may have Section 8 Project-Based Rental Assistance (PBRA) or Section 8 Project-Based Vouchers (PBV). With either type of subsidy, tenant rent payments are 30% of their adjusted monthly income. Households earning less than 80% of the area median income may qualify for PBRA or PBV reduced rents. Some of these subsidized apartments may be reserved for extremely low-income households earning less than 30% of the area median income. If the apartment has a PBV, the tenant may qualify for a Section 8 Housing Choice Voucher (HCV) after living there at least one year. Some rental units in this property may not have PBRA or PBV subsidies and therefore may have higher rents.