Built in 2000, Terrace Garden Co-op is a 4-story, 88 unit community for independent senior citizens who are 62 years or older. It is nationally recognized as âA Community of Qualityâ by the National Affordable Housing Management Association.
Join the members of Terrace Garden Co-op for their movie nights, trips to plays or dinners and summertime cookouts on the patio. When youâre not socializing or volunteering, you can relax in the privacy of your own apartment.
Terrace Garden Co-op is conveniently located near I-95 and I-695. It is located in the heart of downtown Baltimore near hospitals, the Inner Harbor, and public transportation. Many of the units at Terrace Garden are subsidized and all of them are affordable. Donât wait, call for tours! Join us today!
24hr Emergency Maintenance
Close to Public Transportation
Managed By CSI Support & Development
Terrace Garden Villa was developed and operates with Federal housing financing.
The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.
Low Income Housing Tax Credit
The property was developed using the Low Income Housing Tax Credit Program.
This program incentivizes investors to inject capital into rental apartments for lower income Americans.
88 of 88
units at Terrace Garden Villa are low income and subject to the tax credit program.
The property, at the time of the tax credit allocation,
was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.
Terrace Garden Villa 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).
Terrace Garden Villa is an apartment community containing 88 rental units.
The property contains 91 bedrooms and based on typical apartment occupancy limits, Terrace Garden Villa
is home to not more than 139† persons when fully occupied.
This property does not provide any Federal rent subsidies to renters
reducing total tenant payments to 30% of their adjusted income. Renters are required to
pay the full rent, even if it is in excess of 30% of their income. In some cases the
property may accept Section 8 Housing Choice vouchers.
Terrace Garden Villa contains a mix of 88 assisted
one and two bedroom apartments for rent. There are 85 One Bedroom and 3 Two Bedroom apartments in this property. The unit mix is 97% One Bedroom and 3% Two Bedroom apartment rentals. The average bedroom size for Terrace Garden Villa is 1.03.