Coursey Station Apartments
200 First Ave
Baltimore, Baltimore City County, Maryland 21227

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Funding Programs

Coursey Station Apartments was developed and operates with Federal housing financing. The property utilizes the Section 202 Federal housing program to make rent affordable to lower income tenants.

Section 202

The property was developed with funding through the HUD Section 202 program which provides funding for housing for seniors who are 62 or older. The program provided both capital financing to construct the property and operating subsidies that work as rental assistance like the Section 8 program. Coursey Station Apartments is among only 113 Section 202 properties in Maryland and 6,166 in the country.

Overview

Coursey Station Apartments is an affordable apartment community located in Baltimore, Maryland which is located in Baltimore City County. The property is located in Maryland's 3rd Congressional District served by Representative John Sarbanes (D), Senator Chris Van Hollen (D) and Senator Benjamin Cardin (D).

Coursey Station Apartments is an apartment community containing 49 rental units. The property contains 37 bedrooms and based on typical apartment occupancy limits, Coursey Station Apartments is home to not more than 67 persons when fully occupied.

Rent Subsidies

Coursey Station Apartments provides rental subsidies to renters. The type of subsidy provided to apartment renters in Baltimore, MD by this property is Section 202 Rental Assistance.

This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays the difference. To qualify, a renter must earn 50% or less of the Area Median Income.

There is no minimum rent at this property for residents receiving a rent subsidy but in recent years, there has been discussions in Congress to implement a minimum rent in the Section 202 Program to reduce cost burden on the Federal budget.

Unit Mix

Coursey Station Apartments contains a mix of 49 assisted studio and one bedroom apartments for rent. There are 12 Studio and 37 One Bedroom apartments in this property. The unit mix is 24% Studio and 76% One Bedroom apartment rentals. The average bedroom size for Coursey Station Apartments is 0.76.

Maryland's 3rd

Congressional District

49

Total Units

49

Project Based Sec. 8 Units

49

Section 202 Units

49

Senior Units

125.6

% of Fair Market Rent

18-Feb-17

Project Based Sec. 8 Contract Expiration

Studio and One

Unit Mix

0.76

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data