Low Income (LIHTC)Opening Soon

1515 Fairmount Sro Residence

1515 Fairmount Ave, Philadelphia, PA, 19130

Information verified July 7, 2026·We re-check waiting list status daily

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About This Property

1515 Fairmount SRO Residence contains 48 units designated for low-income households in Philadelphia, PA. The property has been in service since 1996 and is owned and operated by a non-profit organization. Financing for the development includes Community Development Block Grant (CDBG) funding and 4% Low-Income Housing Tax Credits.

Waitlist Information

Waitlist managed by Philadelphia Housing Authority

Public Housing Waitlist

Closed

PHA closed its Public Housing Program wait lists on April 15, 2013. The wait list will reopen when PHA determines that the average wait time for housing has reached an acceptable level. Senior-designated housing developments and special programs remain open.

Last verified July 1, 2026

Section 8 (HCV) Waitlist

Opening Soon

Opens January 1, 2027

The HCV waitlist is anticipated to reopen in 2027, and the public will be notified through various media and the PHA website.

Last verified July 3, 2026

Waitlist data provided by section8waitlist.org

Updated July 7, 2026

Property Details

Total Units

Fair Market Rent - Philadelphia County, PA

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

Bedrooms	FMR
Studio/Efficiency	$1,303
1 Bedroom	$1,451
2 Bedroom	$1,737
3 Bedroom	$2,100
4 Bedroom	$2,422

Income Limits - Philadelphia County, PA

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $19,850
Very Low (50%): $33,100
Low (80%): $52,950

2 Persons

Extremely Low (30%): $22,700
Very Low (50%): $37,800
Low (80%): $60,500

3 Persons

Extremely Low (30%): $25,550
Very Low (50%): $42,550
Low (80%): $68,050

4 Persons

Extremely Low (30%): $28,350
Very Low (50%): $47,250
Low (80%): $75,600

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $51,050
Low (80%): $81,650

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $54,850
Low (80%): $87,700

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $58,600
Low (80%): $93,750

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $62,400
Low (80%): $99,800

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$19,850	$33,100	$52,950
2 Persons	$22,700	$37,800	$60,500
3 Persons	$25,550	$42,550	$68,050
4 Persons	$28,350	$47,250	$75,600
5 Persons	$31,040	$51,050	$81,650
6 Persons	$35,580	$54,850	$87,700
7 Persons	$40,120	$58,600	$93,750
8 Persons	$44,660	$62,400	$99,800

Tax Credit Program Details

Year Placed in Service

1996

LIHTC Credit Type

Low-Income Units

48 / 48

Funding Programs

CDBG

Designations

Non-Profit

Frequently Asked Questions

What is the average rent for affordable housing in Philadelphia, PA?+

The Fair Market Rent (FMR) for Philadelphia County, PA is: $1303 (Studio), $1451 (1BR), $1737 (2BR), $2100 (3BR), $2422 (4BR). Actual rent at subsidized properties like 1515 Fairmount Sro Residence is typically 30% of household income or less.

What are the income limits for affordable housing in Philadelphia County, PA?+

For a 4-person household in Philadelphia County, PA, the income limits are: Extremely Low Income (30% AMI): $28,350, Very Low Income (50% AMI): $47,250, Low Income (80% AMI): $75,600. These limits are set by HUD and updated annually.

How do I apply for housing at 1515 Fairmount Sro Residence?+

1515 Fairmount Sro Residence is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

Who manages 1515 Fairmount Sro Residence?+

1515 Fairmount Sro Residence is managed by . You can reach them at . Visit their website for more information.

Is there a waitlist for 1515 Fairmount Sro Residence?+

Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Opening Soon and is expected to open for applications soon. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

Begin Application Now