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Patuxent Cove

22014 Pegg Road, Lexington Park, Maryland 20653

Patuxent Cove is a brand new affordable apartment community currently under construction in St. Mary’s County, conveniently located minutes away from Gate 1 of the Patuxent River Naval Air Station (NAS). Patuxent Cove will offer 1, 2 and 3 Bedroom apartment homes with 15 apartments set aside for Veterans. Referrals for the Veteran set aside apartments will come from a local outside agency. Our beautifully designed apartment homes will feature energy efficient fixtures and appliances, as well as a patio or balcony.

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 760 $1,250
Two Bedroom (2/1) 1159 $1,400
Three Bedroom (3/1.5) 1559 $1,600

Patuxent Cove Details

  • 60 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Computer Lab
  • Laundry Centers
  • On-Site Maintenance
  • Picnic Area

Unit Amenities

  • Central Air

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.

Patuxent Cove is managed by Conifer Realty, LLC.

Image of Patuxent Cove

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