8900 Spiceberry Cir, Gaithersburg, MD 20877
Waiting List Forecast: Likely Short or None
Verified for 2020 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,775 per Month† | 2 - 4 Beds | 1 - 2 Baths | 1 - 950 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.
Welcome to Parklane Apartments!
Parklane Apartments offer spacious 2, 3, and 4-bedroom apartments and townhomes within a quiet, park-like atmosphere. Walking distance to schools, shopping and public transportation, Parklane Apartments is only moments away from all the DMV has to offer. Once inside the apartments you’ll enjoy conveniences that save you time and create a space you can truly call home such as walk-in closet, spacious kitchen with gas range, in-home washer and dryer, and more.
The true treasure of our community? The people. The Parklane team prides itself on providing exceptional custom service offering 24-hour maintenance and online resident portal and open five days a week. We’re here, and we care about you.
Parklane is pleased to offer affordable living options (income restrictions apply).
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 Parklane Apartments 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. 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. 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 |
|---|---|---|
| Two Bedroom One Bath B1 (2/1) | 795ft2 | Call for Price† |
| Three Bedroom Two Bath C2 (3/2) | 1ft2 | Call for Price† |
| Three Bedroom One in a half Bath C1 (3/1.5) | 950ft2 | $1,775† |
| Four Bedroom Two Bath D1 (4/2) | 1ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 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 |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Parklane Apartments have a waiting list?
Parklane Apartments 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 Parklane Apartments?
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 Parklane Apartments?
Parklane Apartments is managed by Fairfield Residential headquartered in San Diego, CA.
In addition to Parklane Apartments, how many other affordable housing properties (and units) are there in Gaithersburg?
In addition to Parklane Apartments, 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.
9310 Merust Lane, Gaithersburg, Maryland 20879
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