Stewartown Homes

9310 Merust Lane, Gaithersburg, Maryland 20879

Stewartown Homes, located at 9310 Merust Lane in Gaithersburg, has two, three and four bedroom apartments. Stewartown Homes participates in the Rental Assistance Payments (RAP), Section 236 and Low-Income Housing Tax Credit (LIHTC) programs.

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Units

Unit (Bd/Ba) Ft2 Rent
Two Bedroom Townhome (2/1) 854 $1,063
Three Bedroom Townhome (3/2) 948 $1,169
Four Bedroom Townhome (4/2) 1200 $1,309

Stewartown Homes Details

  • 94 two, three and four bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • Organized Activities
  • 24hr Emergency Maintenance

Unit Amenities

  • Cable Ready
  • Window Coverings
  • Carpet

Nearby Amenities

  • Close to Public Transportation
  • Close to Shopping

About Stewartown Homes

Stewartown Homes is a luxurious, charming townhome community offers you a peaceful setting on 17 acres of rolling hills, shopping, recreation, and so much more. Affordable and spacious living in a brand new setting... it's everything you'll need. Call today for a tour of our beautiful model homes!

Rental Assistance Payments (RAP)

Since this property has received funding through the HUD Section 236 program and the Rental Assistance Program (RAP), a tenant who earns 50% of the Area Median Income (AMI) or less qualifies for rental assistance. The rental assistance limits the tenant rent contribution to the greater of 10% of their gross income, 20% of their adjusted income, or a designated portion of welfare assistance. If a tenant's income is above the 50% AMI level, they may still qualify to live here but not benefit from the rent subsidy.

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.

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.

Gaithersburg 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 Gaithersburg but actual income limits may differ for units at Stewartown Homes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
50% $42,500 $48,550 $54,600 $60,650 $65,550 $70,400 $75,250 $80,100
80% $54,350 $62,100 $69,850 $77,600 $83,850 $90,050 $96,250 $102,450

Gaithersburg 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 Gaithersburg but actual income limits may differ for units at Stewartown Homes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $42,500 $48,550 $54,600 $60,650 $65,550 $70,400 $75,250 $80,100
Low Income (60%) $51,000 $58,260 $65,520 $72,780 $78,660 $84,480 $90,300 $96,120

These general income qualifications for Gaithersburg, Maryland should only be used as a basic guide. To find out if you qualify, contact the community directly.

Stewartown Homes was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Stewartown Homes has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Stewartown Homes is managed by Edgewood Management Corporation.

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