About This Property
Princess Anne Townhouses comprises 120 low-income residential units in Princess Anne, Maryland, with a unit mix of 60 two-bedroom and 60 three-bedroom homes. The property has been in service since 2002 and is financed through tax-exempt bonds and 4% LIHTC credits. The community is managed by [property management company name].
Property Details
Fair Market Rent - Somerset 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 | $832 |
| 1 Bedroom | $837 |
| 2 Bedroom | $1,100 |
| 3 Bedroom | $1,458 |
| 4 Bedroom | $1,465 |
Income Limits - Somerset 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 Princess Anne, MD?+
The Fair Market Rent (FMR) for Somerset County, MD is: $832 (Studio), $837 (1BR), $1100 (2BR), $1458 (3BR), $1465 (4BR). Actual rent at subsidized properties like Princess Anne Townhouses is typically 30% of household income or less.
What size apartments are available at Princess Anne Townhouses?+
Princess Anne Townhouses offers the following unit types: 60 Two-Bedroom, 60 Three-Bedroom units, for a total of 120 units.
What is the price range for apartments in Princess Anne, MD?+
Based on Fair Market Rent for Somerset County, the estimated price range is: 2-bedroom: $1100, 3-bedroom: $1458. Actual rent at Princess Anne Townhouses may be lower for income-eligible households.
How do I apply for housing at Princess Anne Townhouses?+
Princess Anne Townhouses 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 Princess Anne Townhouses?+
Princess Anne Townhouses is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Somerset County, MD?+
For a 4-person household in Somerset 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Princess Anne Townhouses
Somerset Commons
Princess Anne, MD
60 Units
Scattered Site
Fruitland, MD
1 UnitsReserves At Somerset Commons The
Princess Anne, MD
75 Units
Riverside Homes
Salisbury, MD
13 UnitsMid Pine Estates
Princess Anne, MD
36 UnitsReserves At Somerset Commons (The)
Princess Anne, MD
75 Units