Shallow Rent

In 2019 PHDC launched its new Shallow Rent program to provide rent assistance for tenants living in affordable housing projects who are rent burdened (i.e., spending more than 30% of their income on rent). Programs like the Low-Income Housing Tax Credit provide important income-restricted housing, but the rents are still too high for many Philadelphians. The Shallow Rent program currently provides over $1.6m in annual support for 394 tenants. Check back for future RFPs to enroll additional tenants. To be eligible tenants must live in income-restricted housing that was developed using public financing and tenants who participate must come through the property managers.

RFP for Shallow Rent Program

PHDC has issued a Request for Proposals (RFP) to owners and/or property managers (on behalf of owners) of affordable housing properties with income-restricted rental units that were built or substantially renovated with federal, state, or local subsidies. PHDC is seeking owners and/or property managers who are interested participating in the Shallow Rent Program that is designed to provide monthly rent vouchers not to exceed $500/month to tenants who are leasing units in the City of Philadelphia at rent levels that exceed 30 percent of their gross income. Click here to view the RFP.

Shallow Rent Program- FAQ