About This Property
Federalsburg Square offers 88 low-income residential units in Federalsburg, Maryland, comprising 44 one-bedroom and 44 two-bedroom apartments. The property, placed in service in 2016, serves families and persons with disabilities through funding from tax-exempt bonds and 4% LIHTC credits. A nonprofit organization owns and manages the community.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Caroline County, MD
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $931 |
| 1 Bedroom | $938 |
| 2 Bedroom | $1,232 |
| 3 Bedroom | $1,669 |
| 4 Bedroom | $2,058 |
Income Limits - Caroline County, MD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,150
- Very Low (50%)
- $25,200
- Low (80%)
- $40,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,800
- Low (80%)
- $46,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,400
- Low (80%)
- $51,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,900
- Low (80%)
- $62,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,800
- Low (80%)
- $66,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,650
- Low (80%)
- $71,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,550
- Low (80%)
- $76,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,150 | $25,200 | $40,350 |
| 2 Persons | $17,420 | $28,800 | $46,100 |
| 3 Persons | $21,960 | $32,400 | $51,850 |
| 4 Persons | $26,500 | $36,000 | $57,600 |
| 5 Persons | $31,040 | $38,900 | $62,250 |
| 6 Persons | $35,580 | $41,800 | $66,850 |
| 7 Persons | $40,120 | $44,650 | $71,450 |
| 8 Persons | $44,660 | $47,550 | $76,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Federalsburg, MD?+
The Fair Market Rent (FMR) for Caroline County, MD is: $931 (Studio), $938 (1BR), $1232 (2BR), $1669 (3BR), $2058 (4BR). Actual rent at subsidized properties like Federalsburg Square is typically 30% of household income or less.
What size apartments are available at Federalsburg Square?+
Federalsburg Square offers the following unit types: 44 One-Bedroom, 44 Two-Bedroom units, for a total of 88 units.
What is the HUD inspection score for Federalsburg Square?+
Federalsburg Square has a HUD inspection score of 78 out of 100, which is considered adequate. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
How do I apply for housing at Federalsburg Square?+
Federalsburg Square 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 is eligible to live at Federalsburg Square?+
Federalsburg Square primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Caroline County, MD?+
For a 4-person household in Caroline County, MD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,000, Low Income (80% AMI): $57,600. These limits are set by HUD and updated annually.
Who manages Federalsburg Square?+
Federalsburg Square is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Federalsburg, MD?+
Based on Fair Market Rent for Caroline County, the estimated price range is: 1-bedroom: $938, 2-bedroom: $1232. Actual rent at Federalsburg Square may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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