Low Income (LIHTC)

Waters Landing Ii

12900 Falling Water Cir, Germantown, MD, 20874

Information verified April 18, 2026·We re-check waiting list status daily

Example Photo

About This Property

Waters Landing II is a 143-unit affordable housing community in Germantown, Maryland that has been in service since 2002. The property contains 143 low-income units and serves residents in Montgomery County.

Property Details

Total Units

143

Fair Market Rent - Montgomery 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	$1,772
1 Bedroom	$1,803
2 Bedroom	$2,045
3 Bedroom	$2,544
4 Bedroom	$3,015

Income Limits - Montgomery County, MD

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $27,100
Very Low (50%): $45,150
Low (80%): $57,650

2 Persons

Extremely Low (30%): $31,000
Very Low (50%): $51,600
Low (80%): $65,850

3 Persons

Extremely Low (30%): $34,850
Very Low (50%): $58,050
Low (80%): $74,100

4 Persons

Extremely Low (30%): $38,700
Very Low (50%): $64,500
Low (80%): $82,300

5 Persons

Extremely Low (30%): $41,800
Very Low (50%): $69,700
Low (80%): $88,900

6 Persons

Extremely Low (30%): $44,900
Very Low (50%): $74,850
Low (80%): $95,500

7 Persons

Extremely Low (30%): $48,000
Very Low (50%): $80,000
Low (80%): $102,100

8 Persons

Extremely Low (30%): $51,100
Very Low (50%): $85,150
Low (80%): $108,650

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$27,100	$45,150	$57,650
2 Persons	$31,000	$51,600	$65,850
3 Persons	$34,850	$58,050	$74,100
4 Persons	$38,700	$64,500	$82,300
5 Persons	$41,800	$69,700	$88,900
6 Persons	$44,900	$74,850	$95,500
7 Persons	$48,000	$80,000	$102,100
8 Persons	$51,100	$85,150	$108,650

Tax Credit Program Details

Year Placed in Service

2002

Low-Income Units

143 / 143

Frequently Asked Questions

What is the average rent for affordable housing in Germantown, MD?+

The Fair Market Rent (FMR) for Montgomery County, MD is: $1772 (Studio), $1803 (1BR), $2045 (2BR), $2544 (3BR), $3015 (4BR). Actual rent at subsidized properties like Waters Landing Ii is typically 30% of household income or less.

What are the income limits for affordable housing in Montgomery County, MD?+

For a 4-person household in Montgomery County, MD, the income limits are: Extremely Low Income (30% AMI): $38,700, Very Low Income (50% AMI): $64,500, Low Income (80% AMI): $82,300. These limits are set by HUD and updated annually.

How do I apply for housing at Waters Landing Ii?+

Waters Landing Ii 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 Waters Landing Ii?+

Waters Landing Ii is managed by . You can reach them at . Visit their website for more information.

Begin Application Now