820 Motter Ave, Frederick, MD 21701
Waiting List Forecast: Likely Short or None
Verified for 2020 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 - 2 Baths | - |
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.
The Apartments at Sharpe Square in Frederick, Maryland, off Motter Ave, has everything you’re looking for in your next home. Their affordable 1 & 2 bedroom apartments feature the ideal finishes for your unique lifestyle. You’ll appreciate convenient apartment features like air conditioning, washer/dryer connections, and dishwasher. Elevated community offerings like a fitness center, onsite maintenance, and business center add to the experience and simplify your day. The Apartments at Sharpe Square is ideally situated in near . Make your move to The Apartments at Sharpe Square today.
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 Sharpe Square 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| One Bedroom Accessible (1/1) | - | Call for Price† |
| Two Bedroom One Bath (2/1) | - | Call for Price† |
| Two Bedroom (2/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $52,750 / year | $60,300 / year | $67,850 / year | $75,350 / year |
| 50% AMI for PBRA Units | $52,750 / year | $60,300 / year | $67,850 / year | $75,350 / year |
| 60% AMI for LIHTC Units | $63,300 / year | $72,360 / year | $81,420 / year | $90,420 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Sharpe Square have a waiting list?
Sharpe Square 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 Sharpe Square?
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 Sharpe Square?
Sharpe Square is managed by The Severn Companies headquartered in Annapolis, Maryland.
In addition to Sharpe Square, how many other affordable housing properties (and units) are there in Frederick?
In addition to Sharpe Square, we list 110 other affordable properties in Frederick. Learn about these properties here. Our data research shows that there are a total of 1902 affordable units in Frederick.
1369 Hampshire Drive, Frederick, Maryland 21702
6351 Spring Ridge Parkway, Frederick, Maryland 21701
1421 Taney Avenue, Frederick, Maryland 21702
520 North Market Street, Frederick, Maryland 21701
5999 Ladd Ct, Frederick, Maryland 21703
100 Burgess Way, Frederick, Maryland 21702
Keep a record of past landlord issues.
Having some marks on your rental history will not disqualify you from federal housing, but be prepared to explain situations like an eviction.LMarie Murphy says:
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