About This Property
Riverwatch Elkridge offers 86 apartments in Elkridge, Maryland, with 42 units restricted for low-income households. The community serves families and disabled residents with a mix of 41 two-bedroom and 43 three-bedroom units. The property was placed in service in 2017 and is financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Howard 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 | $1,379 |
| 1 Bedroom | $1,582 |
| 2 Bedroom | $1,943 |
| 3 Bedroom | $2,519 |
| 4 Bedroom | $2,849 |
Income Limits - Howard County, MD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,100
- Very Low (50%)
- $36,800
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,250
- Very Low (50%)
- $42,050
- Low (80%)
- $63,950
- Extremely Low (30%)
- $28,400
- Very Low (50%)
- $47,300
- Low (80%)
- $71,950
- Extremely Low (30%)
- $31,550
- Very Low (50%)
- $52,550
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,100
- Very Low (50%)
- $56,800
- Low (80%)
- $86,300
- Extremely Low (30%)
- $36,600
- Very Low (50%)
- $61,000
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $65,200
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $69,400
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,100 | $36,800 | $55,950 |
| 2 Persons | $25,250 | $42,050 | $63,950 |
| 3 Persons | $28,400 | $47,300 | $71,950 |
| 4 Persons | $31,550 | $52,550 | $79,900 |
| 5 Persons | $34,100 | $56,800 | $86,300 |
| 6 Persons | $36,600 | $61,000 | $92,700 |
| 7 Persons | $40,120 | $65,200 | $99,100 |
| 8 Persons | $44,660 | $69,400 | $105,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Elkridge, MD?+
The Fair Market Rent (FMR) for Howard County, MD is: $1379 (Studio), $1582 (1BR), $1943 (2BR), $2519 (3BR), $2849 (4BR). Actual rent at subsidized properties like Riverwatch Elkridge is typically 30% of household income or less.
What size apartments are available at Riverwatch Elkridge?+
Riverwatch Elkridge offers the following unit types: 41 Two-Bedroom, 43 Three-Bedroom units, for a total of 86 units.
What are the income limits for affordable housing in Howard County, MD?+
For a 4-person household in Howard County, MD, the income limits are: Extremely Low Income (30% AMI): $31,550, Very Low Income (50% AMI): $52,550, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
What is the price range for apartments in Elkridge, MD?+
Based on Fair Market Rent for Howard County, the estimated price range is: 2-bedroom: $1943, 3-bedroom: $2519. Actual rent at Riverwatch Elkridge may be lower for income-eligible households.
How do I apply for housing at Riverwatch Elkridge?+
Riverwatch Elkridge 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 Riverwatch Elkridge?+
Riverwatch Elkridge is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Riverwatch Elkridge?+
Riverwatch Elkridge primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
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