About This Property
Chestertown Cove Apartments comprises 34 low-income units serving families in Chestertown, MD, with a mix of 16 one-bedroom, 12 two-bedroom, and 6 three-bedroom floor plans. The property was placed in service in 2017 and utilizes 4% Low-Income Housing Tax Credits for financing. For more information, contact the property management office.
Property Details
Fair Market Rent - Kent 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 | $1,100 |
| 1 Bedroom | $1,111 |
| 2 Bedroom | $1,269 |
| 3 Bedroom | $1,699 |
| 4 Bedroom | $2,153 |
Income Limits - Kent County, MD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,500
- Very Low (50%)
- $27,500
- Low (80%)
- $44,000
- Extremely Low (30%)
- $18,850
- Very Low (50%)
- $31,400
- Low (80%)
- $50,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,350
- Low (80%)
- $56,550
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,250
- Low (80%)
- $62,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,400
- Low (80%)
- $67,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,550
- Low (80%)
- $72,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,700
- Low (80%)
- $77,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,850
- Low (80%)
- $82,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,500 | $27,500 | $44,000 |
| 2 Persons | $18,850 | $31,400 | $50,250 |
| 3 Persons | $21,960 | $35,350 | $56,550 |
| 4 Persons | $26,500 | $39,250 | $62,800 |
| 5 Persons | $31,040 | $42,400 | $67,850 |
| 6 Persons | $35,580 | $45,550 | $72,850 |
| 7 Persons | $40,120 | $48,700 | $77,900 |
| 8 Persons | $44,660 | $51,850 | $82,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Chestertown, MD?+
The Fair Market Rent (FMR) for Kent County, MD is: $1100 (Studio), $1111 (1BR), $1269 (2BR), $1699 (3BR), $2153 (4BR). Actual rent at subsidized properties like Chestertown Cove Aopartments is typically 30% of household income or less.
What size apartments are available at Chestertown Cove Aopartments?+
Chestertown Cove Aopartments offers the following unit types: 16 One-Bedroom, 12 Two-Bedroom, 6 Three-Bedroom units, for a total of 34 units.
What is the price range for apartments in Chestertown, MD?+
Based on Fair Market Rent for Kent County, the estimated price range is: 1-bedroom: $1111, 2-bedroom: $1269, 3-bedroom: $1699. Actual rent at Chestertown Cove Aopartments may be lower for income-eligible households.
Who manages Chestertown Cove Aopartments?+
Chestertown Cove Aopartments is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Chestertown Cove Aopartments?+
Chestertown Cove Aopartments 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.
What are the income limits for affordable housing in Kent County, MD?+
For a 4-person household in Kent County, MD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,250, Low Income (80% AMI): $62,800. These limits are set by HUD and updated annually.
Who is eligible to live at Chestertown Cove Aopartments?+
Chestertown Cove Aopartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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