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Magnolia Meadows Associates ,

7080 Lauren Ln, Easton, Maryland 21601

Magnolia Meadows Apartments is a family community offering the best in affordable housing. Attractive building design and professionally landscaped grounds.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 723 $585
Two Bedroom (2/1) 870 $655
Three Bedroom (3/2) 1050 $745

Magnolia Meadows Associates , Details

  • 98 0, 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Tot Lot
  • 24hr Emergency Maintenance

Unit Amenities

  • Private Entrance

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.

Easton 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 Easton but actual income limits may differ for units at Magnolia Meadows Associates ,.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $27,950 $31,950 $35,950 $39,900 $43,100 $46,300 $49,500 $52,700
Low Income (60%) $33,540 $38,340 $43,140 $47,880 $51,720 $55,560 $59,400 $63,240

Magnolia Meadows Associates , is managed by Fairville Management Company.

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