220 Swale Ave, Baltimore, MD 21225
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 3 - 4 Beds | 2 Baths | 2,061 - 2,062 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.
AFFORDABLE NEWLY RENOVATED TOWNHOMES IN BALTIMORE, MD
We've newly renovated our townhomes and are adding new community amenities! Apply today, homes are going fast!
Located on the shores of the Patapsco River in the Cherry Hill section of Baltimore, Riverfront Townhomes provides the area's newest and most exciting affordable lifestyle. Nestled in a picturesque, park-like setting, Riverfront is conveniently located near shopping, dining, entertaining, and schools and only 10 minutes from the heart of Baltimore's Inner Harbor and with easy access to public transportation and I-95.
Riverfront is within walking distance to Dr. Carter Godwin Woodson Elementary School. Its central location and close proximity to Penn Station, State Route 295 and Interstates I-95 and I-895 allow for effortless accessibility to many of Downtown Baltimore’s points of interest, entertainment, and sports venues, such as the Inner Harbor, Horseshoe Casino, Camden Yards, and M&T Stadium, as well as John Hopkins Hospital and the University of Maryland Medical Center.
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 Riverfront Townhomes 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 |
|---|---|---|
| Three Bedroom (3/2) | 2062ft2 | Call for Price† |
| Four Bedroom (4/2) | 2061ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $42,600 / year | $48,700 / year | $54,800 / year | $60,850 / year | $65,750 / year | $70,600 / year | $75,500 / year | $80,350 / year |
| 50% AMI for PBRA Units | $42,600 / year | $48,700 / year | $54,800 / year | $60,850 / year | $65,750 / year | $70,600 / year | $75,500 / year | $80,350 / year |
| 60% AMI for LIHTC Units | $51,120 / year | $58,440 / year | $65,760 / year | $73,020 / year | $78,900 / year | $84,720 / year | $90,600 / year | $96,420 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Riverfront Townhomes have a waiting list?
Riverfront Townhomes 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 Riverfront Townhomes?
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 Riverfront Townhomes?
Riverfront Townhomes is managed by WinnCompanies headquartered in Boston, Massachusetts.
In addition to Riverfront Townhomes, how many other affordable housing properties (and units) are there in Baltimore?
In addition to Riverfront Townhomes, we list 709 other affordable properties in Baltimore. Learn about these properties here. Our data research shows that there are a total of 30946 affordable units in Baltimore.
514 Orchard Street, Baltimore, Maryland 21201
301 McMechen St., Baltimore, Maryland 21217
3501 Howard Park Ave, Baltimore, Maryland 21207
1020 East 33rd Street , Baltimore, Maryland 21218
1312 Guilford Ave, Baltimore, Maryland 21202
1040 E 33rd St , Baltimore, Maryland 21218
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