Universal Court is managed by Pennrose Management Company.
At Universal Court, you’ll find a Graduate Hospital area apartment home with the amenities you have come to expect, in the South Philadelphia neighborhood where you want to live. Universal Court is nestled off of South 15th and 16th streets, and located less than a quarter mile from Philadelphia's famous South Street. Less than one block away from Broad Street, Universal Court offers great access to Philadelphia's SEPTA transportation system.
Whether you choose a one, two, three or four bedroom 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 Universal Court such as the neighborhood shopping of South Street and Broad Street, as well as a great view of the Center City skyline!
Located just blocks from Center City, Universal Court puts you close to the places in the neighborhood you want to be, with the shopping, dining, and nightlife you have come to expect living in Philadelphia.
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 Universal Court.
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 |
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.