101 Odendhal Ave, Gaithersburg, MD 20877
Waiting List Forecast: Closed
Verified for 2024 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Forest Oak Towers Waiting List
The Housing Opportunities Commission of Montgomery County (HOCMC) last accepted Senior Section 8 Project Based Voucher for 1 and 2-Bedroom apartments at Forest Oak Towers for one day only on March 26, 2024. There is no notice when this waiting list will reopen.
This waiting list was for the following property:
To apply while the waitlist was open, applicants were required to complete the application in person at Doubletree by Hilton.
The maximum income limits for each household size were as followed:
Preferences have not been confirmed.
It was not known how applicants were placed on the waiting list, by order of preferences.
For more information, visit the HOCMC website.
Sources: This information was verified by the HOCMC public notice on March 26, 2024.
Go to the public housing authority page for this waiting list >>
Forest Oak Towers offer seniors 62+, 1 and 2-Bedroom units located in Gaithersburg, MD.
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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Forest Oak Towers has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $31,650 / year | $36,200 / year | $40,700 / year | $45,200 / year | $48,850 / year | $52,450 / year | $56,050 / year | $59,700 / year |
| 50% AMI for LIHTC Units | $52,750 / year | $60,300 / year | $67,850 / year | $75,350 / year | $81,400 / year | $87,450 / year | $93,450 / year | $99,500 / year |
| 50% AMI for PBRA Units | $52,750 / year | $60,300 / year | $67,850 / year | $75,350 / year | $81,400 / year | $87,450 / year | $93,450 / year | $99,500 / year |
| 60% AMI for LIHTC Units | $63,300 / year | $72,360 / year | $81,420 / year | $90,420 / year | $97,680 / year | $104,940 / year | $112,140 / year | $119,400 / year |
| 80% AMI for PBRA Units | $66,750 / year | $76,250 / year | $85,800 / year | $95,300 / year | $102,950 / year | $110,550 / year | $118,200 / year | $125,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Forest Oak Towers have a waiting list?
Forest Oak Towers has a waiting list. See above for waiting list details.
Are rents subsidized at Forest Oak Towers?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
In addition to Forest Oak Towers, how many other affordable housing properties (and units) are there in Gaithersburg?
In addition to Forest Oak Towers, we list 49 other affordable properties in Gaithersburg. Learn about these properties here. Our data research shows that there are a total of 1955 affordable units in Gaithersburg.
When was the Forest Oak Towers listing last updated?
Forest Oak Towers listing on Affordable Housing Online was last updated on 03/27/2024 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
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Wait until you have a Section 8 voucher to find housing.
It usually takes months or years to reach the top of a Section 8 HCV waiting list. Any apartments you see now will likely not be available when you get your voucher.Cathy Watkins says:
"I’m just glad I could find Affordable Housing Online. If I can find a low-income rental, I can see retirement."