7051 Carroll Ave, Takoma Park, MD 20912
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2022 by Alli Poe| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $940 - 1,608 per Month† | Studio - 1 Bed | 1 Bath | 404 - 600 Sq Ft |
Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have 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.
Offering affordable senior apartments for ages 62+ in Takoma Park, Maryland, Victory Tower offers comfortable efficiency and one bedroom apartments for rent. Providing all of the comforts of home without the maintenance, our well-designed apartments feature a fully-equipped kitchen, washer and dryer connections, wall-to-wall carpeting, ample closet space and are handicap accessible and adaptable. Pets up to 25 lbs are also welcome.
Victory Tower offers a multitude of amenities and activities to promote a healthy, active lifestyle. Whether it's participating in daily exercise programs, hosting a pot-luck dinner, or finding those resources that meet your varied interests, we take pride in our ability to provide opportunities for involvement in a wide variety of social and educational activities. Our coffee bar and restaurant-style dining room allow you to meet with your friends and neighbors for an afternoon or evening meal and pleasant conversation. Also enjoy our fitness center, game/craft room, sun room, library and onsite laundry center.
Located in prestigious Montgomery County and just steps away from Washington DC, Victory Tower is convenient to shopping, great dining, medical centers and easy access to public transportation. Providing maintenance-free retirement living with affordable rents, call today to find out more about Victory Tower!
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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Victory Tower has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Efficiency (Studio) (Studio/1) | 404ft2 | $940 $1,333† |
| 1 Bedroom Small (1/1) | 451ft2 | $1,006 $1,520† |
| 1 Bedroom Large (1/1) | 600ft2 | $1,006 $1,608† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $31,650 / year | $36,200 / year | $40,700 / year | $45,200 / year | $48,850 / year | $52,450 / year | $56,050 / year | $59,700 / year |
| 50% AMI for LIHTC Units | $52,750 / year | $60,300 / year | $67,850 / year | $75,350 / year | $81,400 / year | $87,450 / year | $93,450 / year | $99,500 / year |
| 50% AMI for PBRA Units | $52,750 / year | $60,300 / year | $67,850 / year | $75,350 / year | $81,400 / year | $87,450 / year | $93,450 / year | $99,500 / year |
| 60% AMI for LIHTC Units | $63,300 / year | $72,360 / year | $81,420 / year | $90,420 / year | $97,680 / year | $104,940 / year | $112,140 / year | $119,400 / year |
| 80% AMI for PBRA Units | $66,750 / year | $76,250 / year | $85,800 / year | $95,300 / year | $102,950 / year | $110,550 / year | $118,200 / year | $125,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Victory Tower have a waiting list?
Victory Tower probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Victory Tower?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Victory Tower?
Victory Tower is managed by Habitat America LLC headquartered in Annapolis , Maryland.
In addition to Victory Tower, how many other affordable housing properties (and units) are there in Takoma Park?
In addition to Victory Tower, we list 10 other affordable properties in Takoma Park. Learn about these properties here. Our data research shows that there are a total of 893 affordable units in Takoma Park.
When was the Victory Tower listing last updated?
Victory Tower listing on Affordable Housing Online was last updated on 09/20/2022 by Alli Poe. Remember, a property's status can change so you should contact the property to confirm.
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