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Lana Lu

40 W. Main Street, Lonaconing, Maryland 21539

This complex is located in Lonaconing, Maryland six miles from Frostburg State University and is approximately ten miles from Cumberland, Maryland. Lana Lu is nestled in the mountains of the western part of the state. All conveniences are within walking distance from the property. Lana Lu is a secure building and has three stories serviced by an elevator. Transportation for the tenants is provided by the senior center, along with a transit bus that runs every Tuesday making stops at the mall in LaVale, MD and several other small towns along state highway #36. There is also ample parking for those tenants who have automobiles. Many activities, outings, and meals are provided by the senior center and the public Skiing, boating, fishing, and state parks/lands are within 35 minutes of the property. Located in the same building as the senior center is the adult day care center which provides many services for our disabled tenants.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 600 Call for Price

Lana Lu Details

  • 30 one bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • Controlled Access
  • Community Room
  • Laundry Room
  • Rural Area

Unit Amenities

  • Garbage Disposal
  • Cable/Satellite TV
  • Window Coverings
  • Carpet
  • Security System

Nearby Amenities

  • Close to Dining
  • Close to Downtown District
  • Close to Public Transportation
  • Close to Shopping
  • Near Library
  • Near Schools

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Lonaconing 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 Lonaconing but actual income limits may differ for units at Lana Lu.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,300 $17,500 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
80% $40,800 $46,600 $52,450 $58,250 $62,950 $67,600 $72,250 $76,900

Lonaconing 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 Lonaconing but actual income limits may differ for units at Lana Lu.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
Low Income (60%) $30,600 $34,980 $39,360 $43,680 $47,220 $50,700 $54,180 $57,660

Lana Lu is managed by TM Associates Management, Inc.

Image of Lana Lu
Image of Lana Lu