1210 Market Street, Pocomoke City, MD 21851
Waiting List Forecast: Likely Short or None
Verified for 2021 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 1 Bed | 1 Bath | - |
Since this property doesn't seem to have a project-based subsidy program subsidizing the rent, the waiting list may be short or there may not be a waiting list at all. 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.
Property Information
Number of Units: 58
Occupancy: Senior 62+
Rent Type(s): Rents Based On Income,
Additional Information:
Studio and 1 bedroom apartments
RENT IS BASED ON INCOME
Rent includes water, sewer and trash removal
*Income limits apply
This property was financed by the USDA Section 515 program. This housing program was used to build affordable apartment communities in rural areas from the 1970’s through the 1990’s, with very few new properties built since then. Historically, the program had financial restrictions that limited the size, quality and amenities at properties. Unless Newtowne Apartments has been renovated, it is likely to have smaller units and fewer amenities. Since the property is in a rural area, it may be one of only a few affordable rentals in the area. This property appears to not offer any tenant rent subsidies, so there may be a shorter waiting list or none at all. Section 515 properties with a rent subsidy (Section 8 or USDA Section 521) If you live in a rural area and can pay your own rent, this property may be for you. Since this property participates in the RD 515 program, it is required to accept Section 8 vouchers no matter if it is located in a jurisdiuction that permits source of income discrimination.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | Rent is Based On Your Income† |
| One Bedroom (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $19,850 / year | $22,650 / year | $25,500 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $33,050 / year | $37,800 / year | $42,500 / year | $47,200 / year | $51,000 / year | $54,800 / year | $58,550 / year | $62,350 / year |
| 50% AMI for PBRA Units | $33,050 / year | $37,800 / year | $42,500 / year | $47,200 / year | $51,000 / year | $54,800 / year | $58,550 / year | $62,350 / year |
| 80% AMI for PBRA Units | $52,850 / year | $60,400 / year | $67,950 / year | $75,500 / year | $81,550 / year | $87,600 / year | $93,650 / year | $99,700 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Newtowne Apartments have a waiting list?
Newtowne 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 Newtowne 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 Newtowne Apartments?
Newtowne Apartments is managed by Housing Development Corporation MidAtlantic (HDC MidAtlantic) headquartered in Lancaster, Pennsylvania.
In addition to Newtowne Apartments, how many other affordable housing properties (and units) are there in Pocomoke City?
In addition to Newtowne Apartments, we list 9 other affordable properties in Pocomoke City. Learn about these properties here. Our data research shows that there are a total of 346 affordable units in Pocomoke City.
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Patti Lynn Druin says:
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