9440 Newbridge Dr, Potomac, MD 20854
Waiting List Forecast: Likely Short or None
Verified 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 |
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!
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 Layfield, Founder of Affordable Housing Online
| 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† |
| 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.
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 6 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.
7838 Scotland Dr, Potomac, Maryland 20854
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