5635-A Furnace Ave, Elkridge, MD 21075
Waiting List Forecast: Likely Short or None
Verified for 2022 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 2.5 Baths | 1,073 - 1,552 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.
RiverWatch Apartments is excited to announce the addition of 58 brand new apartments and townhomes for rent in Elkridge, MD with luxury finishes including granite kitchen countertops, walk-in closets, tiled flooring in the foyer and bathrooms and elegant colonial trim throughout. Large pets are welcome and adored at their community!
Easily accessible to major highways and main roads, RiverWatch Apartments is convenient to anywhere you need to go, whether you are commuting to Fort Meade, Baltimore City or Washington DC. Tucked away from the noise of the city, you can enjoy a peaceful location alongside the Patapsco River. Locally you can enjoy a unique blend of nearby restaurants and easy access to major retailers including Target and the Arundel Mills Mall. Riverwatch Apartments is within the high-esteemed Howard County School District.
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 Riverwatch Phase II 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 2 Bedroom (2/2.5) | 1073ft2 | Call for Price† |
| 3 Bedroom (3/2.5) | 1552ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $42,600 / year | $48,700 / year | $54,800 / year | $60,850 / year | $65,750 / year | $70,600 / year |
| 50% AMI for PBRA Units | $42,600 / year | $48,700 / year | $54,800 / year | $60,850 / year | $65,750 / year | $70,600 / year |
| 60% AMI for LIHTC Units | $51,120 / year | $58,440 / year | $65,760 / year | $73,020 / year | $78,900 / year | $84,720 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Riverwatch Phase II have a waiting list?
Riverwatch Phase II 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 Riverwatch Phase II?
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 Riverwatch Phase II?
Riverwatch Phase II is managed by Habitat America LLC headquartered in Annapolis , Maryland.
In addition to Riverwatch Phase II, how many other affordable housing properties (and units) are there in Elkridge?
In addition to Riverwatch Phase II, we list 10 other affordable properties in Elkridge. Learn about these properties here. Our data research shows that there are a total of 634 affordable units in Elkridge.
6330 Orchard Club Drive, Elkridge, Maryland 21075
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