46533 Valley Ct, Lexington Park, MD 20653
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 728 - 1,185 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.
Spring Valley's beautiful upgraded apartments include modern kitchens with gorgeous cabinets, countertops, & appliances. Our brand new washers & dryers make doing the laundry no longer a chore, while the energy efficient windows and HVAC provide quiet and comfort. Remodeled, fully accessible apartments for residents with disabilities are also available. Located in Lexington Park, Maryland, Spring Valley is a pet friendly community and offers a refreshing pool to keep you cool in the summertime.
You will enjoy our updated community clubhouse and outdoor lovers will enjoy Spring Valley's park-like setting, which offers both a playground and recreational areas.
For your convenience, the Spring Valley community is within walking distance of public transportation, restaurants, shopping, and schools. Also, we are located minutes away from Nicolet Park, Lexington Park, and Patuxent Naval Air Warfare Center.
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 Spring Valley 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bed One Bath (1/1) | 728ft2 | Call for Price† |
| Two Bedroom One Bath (2/1) | 805ft2 | Call for Price† |
| Three Bedroom Two Bath (3/2) | 1185ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $42,350 / year | $48,400 / year | $54,450 / year | $60,500 / year | $65,350 / year | $70,200 / year |
| 50% AMI for PBRA Units | $42,350 / year | $48,400 / year | $54,450 / year | $60,500 / year | $65,350 / year | $70,200 / year |
| 60% AMI for LIHTC Units | $50,820 / year | $58,080 / year | $65,340 / year | $72,600 / year | $78,420 / year | $84,240 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Spring Valley Apartments have a waiting list?
Spring Valley 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 Spring Valley 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 Spring Valley Apartments?
Spring Valley Apartments is managed by Humphrey Management headquartered in Columbia, MD .
In addition to Spring Valley Apartments, how many other affordable housing properties (and units) are there in Lexington Park?
In addition to Spring Valley Apartments, we list 14 other affordable properties in Lexington Park. Learn about these properties here. Our data research shows that there are a total of 1112 affordable units in Lexington Park.
When was the Spring Valley Apartments listing last updated?
Spring Valley Apartments listing on Affordable Housing Online was last updated on 01/02/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
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