Reserves At Somerset Commons

30520 Hickory Rd, Princess Anne, MD 21853

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey, Colleen Carter
Rent Beds Baths SqFt
$763 per Month 1 - 4 Beds 1 - 2 Baths 671 - 1,256 Sq Ft
check_circle  Project-Based Rental Assistance
check_circle  Family and Senior
check_circle  Affordable

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.

Reserves at Somerset Commons is a family and senior-friendly community located in the heart of Princess Anne, Maryland. Their beautiful community provides the comfort and conveniences that you deserve all within a great location.

Reserves at Somerset Commons offers modern one, two, three, and four-bedroom apartment homes. Featuring fully equipped kitchen with sleek black appliances, wall to wall carpeting, and each apartment comes with a washer and dryer. Experience their Resident Activities and Community Amenities, which includes a Community Center for your enjoyment, 24 Hour Fitness Center and Computer Center.

Dave's Thoughts On Reserves At Somerset Commons

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 Reserves At Somerset Commons 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

Reserves At Somerset Commons Amenities

  • Playground
  • Computer Lab
  • Business Center
  • Clubhouse
  • On-Site Manager
  • 24hr Emergency Maintenance
  • Off-Street Parking
  • Handicapped Accessible
  • Dishwasher
  • Garbage Disposal
  • Window Coverings
  • Carpet
  • Refrigerator
  • Balconies or Patios Available
  • Cable & Internet Ready
  • Fully Equipped Kitchen
  • Washer and Dryer Included
  • Smoke Free
  • High Speed Internet Access
  • Energy Efficient Appliances
  • Individual heating and cooling systems

Units at Reserves At Somerset Commons

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 671ft2 Call for Price
Two Bedroom (2/1) 860ft2 $763
Three Bedroom (3/2) 1038ft2 Call for Price
Four Bedroom (4/2) 1256ft2 Call for Price

Income Qualification for Reserves At Somerset Commons

*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 5 people 6 people 7 people 8 people
30% AMI for PBRA Units $17,900 / year $20,450 / year $24,860 / year $30,000 / year $35,140 / year $40,280 / year $45,420 / year $50,560 / year
50% AMI for LIHTC Units $29,850 / year $34,100 / year $38,350 / year $42,600 / year $46,050 / year $49,450 / year $52,850 / year $56,250 / year
50% AMI for PBRA Units $29,850 / year $34,100 / year $38,350 / year $42,600 / year $46,050 / year $49,450 / year $52,850 / year $56,250 / year
60% AMI for LIHTC Units $35,820 / year $40,920 / year $46,020 / year $51,120 / year $55,260 / year $59,340 / year $63,420 / year $67,500 / year
80% AMI for PBRA Units $47,750 / year $54,550 / year $61,350 / year $68,150 / year $73,650 / year $79,100 / year $84,550 / year $90,000 / year

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

FAQs for Reserves At Somerset Commons

Does Reserves At Somerset Commons have a waiting list?

Reserves At Somerset Commons 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 Reserves At Somerset Commons?

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 Reserves At Somerset Commons?

Reserves At Somerset Commons is managed by Enterprise Residential headquartered in Baltimore, MD.

In addition to Reserves At Somerset Commons, how many other affordable housing properties (and units) are there in Princess Anne?

In addition to Reserves At Somerset Commons, we list 12 other affordable properties in Princess Anne. Learn about these properties here. Our data research shows that there are a total of 656 affordable units in Princess Anne.

When was the Reserves At Somerset Commons listing last updated?

Reserves At Somerset Commons listing on Affordable Housing Online was last updated on 04/07/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Reserves At Somerset Commons

Samuel Chase

12380 Fenlon Circle, Princess Anne, Maryland 21853

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
elderly Senior

Somerset Commons

12370 Somerset Avenue, Princess Anne, Maryland 21853

bed 2-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Sommer Place Apartments

11408 Bratten Avenue, Princess Anne, Maryland 21853

bed 3-4
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Somerset Meadows

11212 Old Princess Anne Road, Princess Anne, Maryland

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Stewarts Neck Apartments

30512 Nutters Ln, Princess Anne, Maryland 21853

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Princess Anne Th

30501 Pine Knoll Dr, Princess Anne, Maryland 21853

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

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