Greenwood Village

1027 Cosby Avenue, Cambridge, Maryland 21613

Apartment living community in town. In walking distance to shopping, restaurants and school.

Please note: We are accepting applications, but due to a rehabilitation project, applicants will not be able to move in until approximately one year.

Contact Greenwood Village

Message Greenwood Village

Units

Unit (Bd/Ba) Ft2 Rent
Three Bedroom (3/1) - Call for Price

Greenwood Village Details

  • 20 three bedroom units.
  • Townhouse
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing

Property Amenities

  • Rural Area

Unit Amenities

  • Air Conditioning
  • Washer and Dryer Hookup
  • Cable and Satellite TV
  • Window Coverings
  • Carpet
  • Yard
  • Private Entrance

Nearby Amenities

  • Close to Dining
  • Close to Downtown District
  • Close to Public Transportation
  • Close to Shopping
  • Near Hospital
  • Near Library
  • Near Schools

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Cambridge HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Cambridge but actual income limits may differ for units at Greenwood Village.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $16,950 $19,350 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% $28,200 $32,200 $36,250 $40,250 $43,500 $46,700 $49,950 $53,150
80% $45,100 $51,550 $58,000 $64,400 $69,600 $74,750 $79,900 $85,050

Cambridge Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Cambridge but actual income limits may differ for units at Greenwood Village.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $28,200 $32,200 $36,250 $40,250 $43,500 $46,700 $49,950 $53,150
Low Income (60%) $33,840 $38,640 $43,500 $48,300 $52,200 $56,040 $59,940 $63,780

Greenwood Village is managed by TM Associates Management, Inc.

Image of Greenwood Village
Image of Greenwood Village

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