Village at Lakeview

833 Fisherman Ln , Edgewood, Maryland 21040

Contact Village at Lakeview

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 641 Income Based
Two Bedroom (2/1) 827 Income Based
Three Bedroom (3/1) 970 Income Based

About Village at Lakeview

Located in Edgewood, Maryland, Village at Lakeview is an apartment community offering one, two, and three bedroom apartments for rent. Village at Lakeview is conveniently located near public transportation, as well as Routes 24, 40, and 152, so places like Baltimore and Washington D. C., where residents will find a wide array of options for dining, shopping, and entertainment, are never far away. Professionally managed by Housing Management Resources, Inc., Village at Lakeview offers residents such amenities as after school programs, evening computer education classes, a computer lab where residents can surf the internet in a safe environment, patio space, included gas and water, community laundry facilities, and 24 hour emergency maintenance service. Contact our on site staff to schedule a tour of your new home at Village at Lakeview today!

“Our “Working Family Preference” means that a family with at least 1 working member (or if the head, co-head, or sole member is age 62 or older, or is a disabled person) will be given preference over all other nonworking applicants.”

Property Details

  • 223 one, two and three bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • 24hr Emergency Maintenance
  • On-Site Management
  • Laundry Facilities

Unit Amenities

  • Energy Efficient Appliances
  • Custom Blinds
  • Wall-to-Wall Carpeting
  • Featured Accent Wall

Nearby Amenities

  • Close to Public Transportation
  • Nearby Parks and Recreation

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 property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Section 42 Low-Income Housing Tax Credit (LIHTC)

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.

Edgewood HUD Rental Assistance Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $19,950 $22,800 $25,650 $28,450 $30,750 $33,740 $38,060 $42,380
50% $33,250 $38,000 $42,750 $47,450 $51,250 $55,050 $58,850 $62,650
80% $50,350 $57,550 $64,750 $71,900 $77,700 $83,450 $89,200 $94,950

Edgewood Low Income Housing Tax Credit Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $33,250 $38,000 $42,750 $47,450 $51,250 $55,050 $58,850 $62,650
60% $39,900 $45,600 $51,300 $56,940 $61,500 $66,060 $70,620 $75,180

Village at Lakeview was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. 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 HUD-Assisted Housing 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 Village at Lakeview 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.

Village at Lakeview is managed by Housing Management Resources.

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