Renaissance Square, located at 4307 Jefferson St in Hyattsville, has one and two bedroom apartments. Renaissance Square participates in the Low-Income Housing Tax Credit (LIHTC) program.
|One Bedroom (1/1)||645||Income Based|
|One Bedroom (2) (1/1)||645||Income Based|
|Two Bedroom (2/1)||916||Income Based|
Just steps away from Hyattsville's Route 1 corridor, Renaissance Square's affordable apartments for low income artists feature many exciting amenities. Our tastefully designed one and two bedroom floor plans feature dramatic ceilings and modern, eclectic touches that make your apartment unique, including individually crafted door knockers. Handicap accessible and hearing and visual impaired units are also offered.
Our artist-friendly community features a variety of amenities to bring out your innermost creativity. If dance is your forte, you will enjoy our spacious dance studio with oversized mirrors, free standing ballet barres and resilient flooring. Work on your latest painting in our high ventilation workroom or utilize the 3,000 square feet of shared studio space. Our computer room houses two Macs complete with Adobe Creative Suite and a printer for all of your graphic arts needs. Find inspiration on our two rooftop patios overlooking our green garden roof. Display your completed works of art in our high visibility art gallery. Renaissance Square also features a music practice room, fitness room and a community meeting room.
Ideally located in Prince George's County and just off of Baltimore Avenue, Renaissance Square is convenient to the shopping, entertainment and recreation that the DC Metro area offers. Hop on the nearby bus or metro for easy transportation around Washington DC and beyond. Just down the street you can eat at popular favorites including Busboys and Poets, Chipotle and Elevation Burger. Don't settle for the ordinary apartment home- Renaissance Square is the perfect community that artists love to call home!
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.
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 Hyattsville but actual income limits may differ for units at Renaissance Square.
|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|
Renaissance Square was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
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.