12370 Somerset Avenue, Princess Anne, MD 21853
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 2 Baths | 876 - 1,017 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.
Somerset Commons is a family and senior-friendly community located in the heart of Princess Anne, Maryland. Their community provides the comfort and conveniences that you deserve all within a great location. Their beautiful community offers modern, spacious two and three-bedroom apartment homes. Somerset Commons homes feature a fully equipped kitchen with energy-efficient appliances, private patios or balconies, creating the ideal space for both relaxing and entertaining! Wall to wall carpeting, and each apartment comes with a washer and dryer in your home. Experience our Resident Activities and Community Amenities, which includes a Community Center for your enjoyment, 24 Hour Fitness Center and Computer and Business Center.
Because Somerset Commons participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 2 Bedroom (2/2) | 876ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1017ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,850 / year | $34,100 / year | $38,350 / year | $42,600 / year | $46,050 / year | $49,450 / year |
| 50% AMI for PBRA Units | $29,850 / year | $34,100 / year | $38,350 / year | $42,600 / year | $46,050 / year | $49,450 / year |
| 60% AMI for LIHTC Units | $35,820 / year | $40,920 / year | $46,020 / year | $51,120 / year | $55,260 / year | $59,340 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Somerset Commons have a waiting list?
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 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 Somerset Commons?
Somerset Commons is managed by Enterprise Residential headquartered in Baltimore, MD.
In addition to Somerset Commons, how many other affordable housing properties (and units) are there in Princess Anne?
In addition to Somerset Commons, we list 11 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 Somerset Commons listing last updated?
Somerset Commons listing on Affordable Housing Online was last updated on 02/07/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Vickie Fields-Byrd says:
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