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Valley View

81 Mechanic Street, Frostburg, Maryland 21532

Nice senior community 62 years or older or disabled at any age. Close to shopping, restaurant, transportation and library. Very quiet and nice environment with many activities throughout the year.

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Message Valley View

Units

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

Valley View Details

  • 30 one bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 521 USDA Rental Assistance

Property Amenities

  • Controlled Access
  • Community Room
  • Laundry Room
  • 24hr Emergency Maintenance
  • Rural Area
  • Gazebo

Unit Amenities

  • Air Conditioning
  • Cable/Satellite TV
  • Window Coverings
  • Carpet

Nearby Amenities

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

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 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Frostburg 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 Frostburg but actual income limits may differ for units at Valley View.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,300 $17,500 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
80% $40,800 $46,600 $52,450 $58,250 $62,950 $67,600 $72,250 $76,900

Frostburg 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 Frostburg but actual income limits may differ for units at Valley View.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
Low Income (60%) $30,600 $34,980 $39,360 $43,680 $47,220 $50,700 $54,180 $57,660

Valley View is managed by TM Associates Management, Inc.

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