Southside of Rt 40, North East, MD 21901
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 1.5 Bath | - |
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.
Stony Run, in North East, MD is located in a suburban setting right on Rte. 40 and offers the best in affordable housing. The variety of floor plans make it easy to meet your individual family needs. With attractive building design and professionally landscaped grounds, including a playground, Stony Run is more than an apartment, it is a place your family can call home. Our community center offers a comprehensive package of on-site services. Staffing includes a Tenant Service Coordinator to assist our residents in obtaining a wide variety of services. Computers with internet service are available for educational purposes. An after school homework club is offered daily to all school aged children. Other activities include community events, vocational training, health and nutritional services, financial counseling and more.
Stony Run is conveniently located on a Cecil County bus route. A short 10 minute ride south brings you to the town of Perryville and its abundance of retail shopping outlets and restaurants. Community services and convenience stores are all within walking distance. Come see why you should be calling Stony Run Apartments Home!
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 Stony Run 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Rent is Based On Your Income† |
| 2 Bedroom (2/1) | - | Rent is Based On Your Income† |
| 3 Bedroom (3/1.5) | - | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,100 / year | $44,650 / year | $50,250 / year | $55,800 / year | $60,300 / year | $64,750 / year |
| 50% AMI for PBRA Units | $39,100 / year | $44,650 / year | $50,250 / year | $55,800 / year | $60,300 / year | $64,750 / year |
| 60% AMI for LIHTC Units | $46,920 / year | $53,580 / year | $60,300 / year | $66,960 / year | $72,360 / year | $77,700 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Stony Run Apartments have a waiting list?
Stony Run 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 Stony Run 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 Stony Run Apartments?
Stony Run Apartments is managed by Fairville Management Company headquartered in Hockessin , Delaware.
In addition to Stony Run Apartments, how many other affordable housing properties (and units) are there in North East?
In addition to Stony Run Apartments, we list 8 other affordable properties in North East. Learn about these properties here. Our data research shows that there are a total of 449 affordable units in North East.
When was the Stony Run Apartments listing last updated?
Stony Run Apartments listing on Affordable Housing Online was last updated on 01/03/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
![Image of North Creek Run [ Tcap ]](/images/home.png)
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