Victory Terrace Senior Apartments

9440 Newbridge Dr, Potomac, MD 20854

Waiting List Forecast: Likely Short or None

check_circleVerified for 2018 by Alli Poe, Joshua Cappell
Rent Beds Baths SqFt
$798 - 2,070 per Month 1 - 2 Beds 1 - 2 Baths 619 - 912 Sq Ft
check_circle  Senior (62+)
check_circle  Pets Allowed
check_circle  Project-Based Rental Assistance

Waitlist Forecast

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.

Victory Terrace brings new vision to Potomac, Maryland - an enhanced quality of life for seniors in moderately priced luxury rental apartment homes set in a serene wooded location, while convenient to nearby shopping centers and services. Our one and two bedroom floor plans feature a fully-equipped kitchen with a breakfast bar, plush wall-to-wall carpeting and closet space galore with a pantry closet, walk-in closet and foyer closet. Victory Terrace offers pet-friendly senior apartment living at an affordable rent!

In addition to our beautiful apartment homes, our residents enjoy utilizing the variety of amenities provided at Victory Terrace. Exercise in our fitness center while you wait for your laundry to finish or email friends and family in the computer lab. Activities abound- there is never a dull moment at Victory Terrace. Enjoy social activities ranging from seasonal celebrations, wellness seminars and exciting events. Relax and unwind outside on the patio by the calming coy pond. You will also find a library and many common areas for relaxing with neighbors. Our dedicated onsite management team provides 24 hour emergency maintenance and excellent customer service.

Ideally located in Montgomery County, Victory Terrace is convenient to major highways, I-270 and the Capital Beltway providing easy access to Rockville, Washington DC, Virginia and more! We are within close proximity to multiple bus stops and our community shuttle service plans monthly trips to local shopping centers and attractions. With convenience, accessibility and affordability, our award-winning senior community provides the best in retirement living in the DC Metro area! Call today to schedule a tour!

Dave's Thoughts On Victory Terrace Senior Apartments

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 Victory Terrace Senior 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Victory Terrace Senior Apartments Amenities

  • Controlled Access
  • Computer Lab
  • Community Room
  • Library
  • Handicapped Accessible
  • Dishwasher
  • Garbage Disposal
  • Walk-in Closet(s)
  • Patio Deck Or Balcony
  • Breakfast Bar
  • Kitchen Pantry
  • Linen Closets
  • Cable & Internet Ready
  • Fully Equipped Kitchen
  • Bay Windows
  • 24 Hour Maintenance
  • Resident Activities
  • Wall-to-Wall Carpeting
  • Individual heating and cooling systems
  • On-Site Laundry

Units at Victory Terrace Senior Apartments

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 619ft2 $798 $1,600
1 Bedroom W/ Den (1/1) 858ft2 $1,870
2 Bedroom (2/1) 862ft2 $1,500
2 Bedroom (2/1.5) 894ft2 $1,500 $1,950
2 Bedroom (2/2) 912ft2 $1,500 $2,070

Income Qualification for Victory Terrace Senior Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people
50% AMI for LIHTC Units $52,750 / year $60,300 / year $67,850 / year $75,350 / year
50% AMI for PBRA Units $52,750 / year $60,300 / year $67,850 / year $75,350 / year
60% AMI for LIHTC Units $63,300 / year $72,360 / year $81,420 / year $90,420 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Victory Terrace Senior Apartments

Does Victory Terrace Senior Apartments have a waiting list?

Victory Terrace Senior 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 Victory Terrace Senior 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 Victory Terrace Senior Apartments?

Victory Terrace Senior Apartments is managed by Habitat America LLC headquartered in Annapolis , Maryland.

In addition to Victory Terrace Senior Apartments, how many other affordable housing properties (and units) are there in Potomac?

In addition to Victory Terrace Senior Apartments, we list 5 other affordable properties in Potomac. Learn about these properties here. Our data research shows that there are a total of 269 affordable units in Potomac.

Listings Near Victory Terrace Senior Apartments

Scotland Community Townhomes

7838 Scotland Dr, Potomac, Maryland 20854

bed 2-3

SCOTLAND COMMUNITY

7838 SCOTLAND DR, Potomac, Maryland 20854

bed 2-3

Byron House, Inc

9200 Kentsdale Dr, Potomac, Maryland 20854

Tobytown ( Homeownership

12604 Tobytown Dr, Potomac, Maryland 20854

Montgomery Homes VI - A

9728 Pleasant Gate Ln, Potomac, Maryland 20854

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.