About This Property
Riverwatch is a 86-unit affordable housing community in Elkridge, Maryland that opened in 2017 and serves families and disabled residents. The property includes 42 low-income units with a mix of 41 two-bedroom and 43 three-bedroom apartments. Funded through 4% Low-Income Housing Tax Credits, the community is nonprofit-owned.
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 |
Advertisement
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.
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 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.
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.
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.
Who manages Riverwatch (Elkridge)?+
Riverwatch (Elkridge) is managed by . You can reach them at .
Walk Score
Car-Dependent
More Affordable Housing Near Riverwatch (Elkridge)
Riverwatch Elkridge
Elkridge, MD
86 UnitsLansdowne Apts
Halethorpe, MD
167 UnitsHillside Park Apartments
Baltimore, MD
94 UnitsOrchard Club
Elkridge, MD
196 UnitsBernard E Mason
Baltimore, MD
225 UnitsPark View At Catonsville I
Baltimore, MD
100 Units