About This Property
Riverwoods At St Michaels consists of 39 low-income rental units in St Michaels, Maryland, within Talbot County. The property has been in service since 2014 and serves households with qualifying income levels.
Property Details
Fair Market Rent - Talbot 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 | $1,196 |
| 1 Bedroom | $1,229 |
| 2 Bedroom | $1,380 |
| 3 Bedroom | $1,945 |
| 4 Bedroom | $2,342 |
Income Limits - Talbot County, MD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,350
- Very Low (50%)
- $30,600
- Low (80%)
- $48,950
- Extremely Low (30%)
- $21,000
- Very Low (50%)
- $35,000
- Low (80%)
- $55,950
- Extremely Low (30%)
- $23,600
- Very Low (50%)
- $39,350
- Low (80%)
- $62,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,700
- Low (80%)
- $69,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $47,200
- Low (80%)
- $75,500
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,700
- Low (80%)
- $81,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $54,200
- Low (80%)
- $86,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $57,700
- Low (80%)
- $92,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,350 | $30,600 | $48,950 |
| 2 Persons | $21,000 | $35,000 | $55,950 |
| 3 Persons | $23,600 | $39,350 | $62,950 |
| 4 Persons | $26,500 | $43,700 | $69,900 |
| 5 Persons | $31,040 | $47,200 | $75,500 |
| 6 Persons | $35,580 | $50,700 | $81,100 |
| 7 Persons | $40,120 | $54,200 | $86,700 |
| 8 Persons | $44,660 | $57,700 | $92,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in St Michaels, MD?+
The Fair Market Rent (FMR) for Talbot County, MD is: $1196 (Studio), $1229 (1BR), $1380 (2BR), $1945 (3BR), $2342 (4BR). Actual rent at subsidized properties like Riverwoods At St Michaels is typically 30% of household income or less.
What are the income limits for affordable housing in Talbot County, MD?+
For a 4-person household in Talbot County, MD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,700, Low Income (80% AMI): $69,900. These limits are set by HUD and updated annually.
How do I apply for housing at Riverwoods At St Michaels?+
Riverwoods At St Michaels 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 Riverwoods At St Michaels?+
Riverwoods At St Michaels is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
