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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 1Br./1Ba. 575 Call for Price Message
Two Bedroom (2/1) 2Br./1Ba. - Call for Price Message

About Terrace Garden Co-op

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 “A Community of Quality” 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 you’re 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. Don’t wait, call for tours! Join us today!


Terrace Garden Co-op is a 88 unit affordable housing community in Baltimore, Maryland. The community is located in the 7th Congressional District of Maryland.

Terrace Garden Co-op is owned and managed by the Housing Authority of Baltimore City.

Housing Authority of Baltimore City Public Housing Waiting List Status:

Property Amenities

  • Computer Lab
  • Library
  • Laundry Room
  • 24hr Emergency Maintenance

Unit Amenities

  • Window Coverings
  • Refrigerator

Nearby Amenities

  • Close to Public Transportation

Low Income Housing Tax Credit

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area's LIHTC limits.

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

Baltimore HUD Rental Assistance Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $19,150 $21,900 $24,650 $27,350 $29,550 $32,960 $37,140 $41,320
50% $31,900 $36,450 $41,000 $45,550 $49,200 $52,850 $56,500 $60,150
80% $47,600 $54,400 $61,200 $68,000 $73,450 $78,900 $84,350 $89,800

Baltimore Low Income Housing Tax Credit Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $31,900 $36,450 $41,000 $45,550 $49,200 $52,850 $56,500 $60,150
60% $38,280 $43,740 $49,200 $54,660 $59,040 $63,420 $67,800 $72,180

Terrace Garden Co-op was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD's Project Based Section 8 program. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a Project Based Section 8 Program unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Terrace Garden Co-op has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex when more than one Federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Managed By CSI Support & Development
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Call (866)-933-2293 ext. 1047#

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