About This Property
New Towne Village comprises 36 units in Leonardtown, Maryland, with 35 units designated for low-income residents. The property has been in service since 2008 and serves elderly residents. It is owned by a non-profit organization and was financed through tax-exempt bonds and 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - St. Mary's 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 | $1,470 |
| 1 Bedroom | $1,492 |
| 2 Bedroom | $1,755 |
| 3 Bedroom | $2,277 |
| 4 Bedroom | $2,662 |
Income Limits - St. Mary's County, MD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,850
- Very Low (50%)
- $38,050
- Low (80%)
- $55,950
- Extremely Low (30%)
- $26,100
- Very Low (50%)
- $43,500
- Low (80%)
- $63,950
- Extremely Low (30%)
- $29,350
- Very Low (50%)
- $48,950
- Low (80%)
- $71,950
- Extremely Low (30%)
- $32,600
- Very Low (50%)
- $54,350
- Low (80%)
- $79,900
- Extremely Low (30%)
- $35,250
- Very Low (50%)
- $58,700
- Low (80%)
- $86,300
- Extremely Low (30%)
- $37,850
- Very Low (50%)
- $63,050
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,450
- Very Low (50%)
- $67,400
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $71,750
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,850 | $38,050 | $55,950 |
| 2 Persons | $26,100 | $43,500 | $63,950 |
| 3 Persons | $29,350 | $48,950 | $71,950 |
| 4 Persons | $32,600 | $54,350 | $79,900 |
| 5 Persons | $35,250 | $58,700 | $86,300 |
| 6 Persons | $37,850 | $63,050 | $92,700 |
| 7 Persons | $40,450 | $67,400 | $99,100 |
| 8 Persons | $44,660 | $71,750 | $105,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Leonardtown, MD?+
The Fair Market Rent (FMR) for St. Mary's County, MD is: $1470 (Studio), $1492 (1BR), $1755 (2BR), $2277 (3BR), $2662 (4BR). Actual rent at subsidized properties like New Towne Village is typically 30% of household income or less.
What are the income limits for affordable housing in St. Mary's County, MD?+
For a 4-person household in St. Mary's County, MD, the income limits are: Extremely Low Income (30% AMI): $32,600, Very Low Income (50% AMI): $54,350, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
How do I apply for housing at New Towne Village?+
New Towne Village 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 is eligible to live at New Towne Village?+
New Towne Village primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages New Towne Village?+
New Towne Village is managed by . You can reach them at . Visit their website for more information.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
