Manor at Fair Hill Farm, located at 18301 Georgia Avenue in Olney, has one and two bedroom apartments. Manor at Fair Hill Farm participates in the Low-Income Housing Tax Credit (LIHTC) program.
|Birch (1/1)||672||From $834 To $1,247|
Ideally situated in residential Olney, Maryland, Manor at Fair Hill Farm offers affordable apartment living for seniors ages 62 and over. Our thoughtfully designed one and two bedroom apartments all have a full kitchen with a frost-free refrigerator, electric range with front controls, dishwasher and garbage disposal, plenty of closet space and washer and dryer connections. Accessible apartments are available and your small pets are welcome!
Manor at Fair Hill Farm boasts excellent amenities within the community, including a library and business/computer center, a theater, game and activities rooms, fitness and wellness centers. The elevator-serviced building allows for easy, one-level living and our many common areas both indoors and outdoors provide a comfortable, relaxed setting. Invite your family and friends from afar to visit you where they can stay in our complimentary Hospitality Suite while you retain the privacy you need in your own home.
With an ideal location in Montgomery County, on Route 97, Manor at Fair Hill Farm is close to public transportation for easy access around the Washington DC Metro area and major thoroughfares including the Intercounty Connector. Within one mile of our community you will find the MedStar Montgomery Medical Center, Harris Teeter grocery store, various shops and restaurants. The private shuttle bus makes regularly scheduled trips to local grocery stores and shopping centers for added convenience. Call today to make the most of your retirement years at Manor at Fair Hill Farm!
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 Olney but actual income limits may differ for units at Manor at Fair Hill Farm.
|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|
Manor at Fair Hill Farm 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.
Manor at Fair Hill Farm is managed by Habitat America LLC.