5670-A Furnace Avenue, Elkridge, MD 21075
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 2 Baths | 892 - 1,841 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Centrally located in Maryland along the beautiful Patapsco River, RiverWatch Apartments provides modern apartments for rent in Elkridge. Offering 2 and 3 bedroom floor plans, each apartment boasts a spacious floor plan, granite kitchen countertops, energy efficient appliances, tiled floors in the foyer and bathrooms and an in-unit washer and dyer. Most homes include an internal garage parking space within the unit. Handicap accessible apartments are also be available. Pets are welcome!
In addition to stylish apartments, RiverWatch also features many unique amenities including onsite trails with access to the riverfront, a playground and gazebo and patio overlooking the Patapsco River. The community offers top-notch customer service with onsite management and 24 hour emergency maintenance.
With the St. Denis MARC station just under two miles away and several major highways nearby, residents enjoy easy access throughout the Baltimore/Washington metro area. RiverWatch Apartments is convenient to several major shopping attractions including the Mall in Columbia, the Arundel Mills Mall and more. Enjoy a scenic location alongside the Patapsco River where you can enjoy the great outdoors.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests RiverWatch Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| The Patuxent (2/2) | 892ft2 | Call for Price† |
| The Potomac (2/2) | 979ft2 | Call for Price† |
| The Casselman (2/1) | 986ft2 | Call for Price† |
| The Gunpowder (2/1) | 999ft2 | Call for Price† |
| The Magothy (3/2) | 1011ft2 | Call for Price† |
| The Severn (3/2) | 1672ft2 | Call for Price† |
| The Cascade (3/2) | 1782ft2 | Call for Price† |
| The Seneca (3/2) | 1821ft2 | Call for Price† |
| The Patapsco (3/2) | 1841ft2 | Call for Price† |
| The Susquehanna (3/2) | 917ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $42,600 / year | $48,700 / year | $54,800 / year | $60,850 / year | $65,750 / year | $70,600 / year |
| 50% AMI for PBRA Units | $42,600 / year | $48,700 / year | $54,800 / year | $60,850 / year | $65,750 / year | $70,600 / year |
| 60% AMI for LIHTC Units | $51,120 / year | $58,440 / year | $65,760 / year | $73,020 / year | $78,900 / year | $84,720 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does RiverWatch Apartments have a waiting list?
RiverWatch Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at RiverWatch Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges RiverWatch Apartments?
RiverWatch Apartments is managed by Habitat America LLC headquartered in Annapolis , Maryland.
In addition to RiverWatch Apartments, how many other affordable housing properties (and units) are there in Elkridge?
In addition to RiverWatch Apartments, we list 8 other affordable properties in Elkridge. Learn about these properties here. Our data research shows that there are a total of 634 affordable units in Elkridge.
When was the RiverWatch Apartments listing last updated?
RiverWatch Apartments listing on Affordable Housing Online was last updated on 01/01/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
Affordable housing is for both families and individuals.
There is no requirement to have family members or children to live in affordable housing. Single persons are eligible for housing.Ashley Prince says:
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