210 Fallen Horse Circle, Grasonville, MD 21638
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2.5 Baths | - |
This property is currently under construction.
Phase II of Village at Slippery Hill is currently under construction.
The Village at Slippery Hill is an affordable luxury apartment community located just off Route 50 and minutes from shopping and dining. The community features 1-bedroom, 2-bedroom, and 3-bedroom apartment homes as well as commercial and retail spaces. The residence is surrounded by well-maintained trees and greenery and residents can enjoy a serene outdoor experience as they walk the nature trail through the woodlands.
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 Village at Slippery Hill 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 |
|---|---|---|
| One Bedroom (1/1) | 729ft2 | Call for Price† |
| Two Bedroom Two Bath (2/2) | 872-976ft2 | Call for Price† |
| Two Bedroom One Half Bath (2/1.5) | 924ft2 | Call for Price† |
| Three Bedroom Two Bath (3/2) | 1128ft2 | Call for Price† |
| Three Bedroom Two Half Bath (3/2.5) | 1200-1300ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $25,550 / year | $29,200 / year | $32,850 / year | $36,500 / year | $39,450 / year | $42,350 / year |
| 50% AMI for LIHTC Units | $42,600 / year | $48,700 / year | $54,800 / year | $60,850 / year | $65,750 / year | $70,600 / year |
| 50% AMI for PBRA Units | $42,600 / year | $48,700 / year | $54,800 / year | $60,850 / year | $65,750 / year | $70,600 / year |
| 60% AMI for LIHTC Units | $51,120 / year | $58,440 / year | $65,760 / year | $73,020 / year | $78,900 / year | $84,720 / year |
| 80% AMI for PBRA Units | $66,300 / year | $75,750 / year | $85,200 / year | $94,650 / year | $102,250 / year | $109,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Village at Slippery Hill have a waiting list?
Village at Slippery Hill 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 Village at Slippery Hill?
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 Village at Slippery Hill?
Village at Slippery Hill is managed by TM Associates Management, Inc headquartered in Rockville, Maryland.
In addition to Village at Slippery Hill, how many other affordable housing properties (and units) are there in Grasonville?
In addition to Village at Slippery Hill, we list 3 other affordable properties in Grasonville. Learn about these properties here. Our data research shows that there are a total of 186 affordable units in Grasonville.
When was the Village at Slippery Hill listing last updated?
Village at Slippery Hill listing on Affordable Housing Online was last updated on 02/27/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
320 Fallen Horse Circle, Grasonville, Maryland 21658
415 Fallen Horse Circle, Grasonville, Maryland 21658
Housing options for seniors.
Many housing programs have apartments or entire properties restricted to senior residents only, including Section 202 Supportive Housing for the Elderly.Theodore Taylor Jr. says:
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