Affordable Housing In Severna Park
Anne Arundel County, Maryland

1 Low Income Apartment Communities In Severna Park

Park View at Severna Park

180 Ritchies Hwy
Severna Park, Maryland
Call For Rent
1-2 BR
62+
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Section 8 Vouchers, Apartments, and Waiting Lists in Severna Park, Maryland

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Severna Park, Maryland

Housing Authority Programs
Housing Commission of Anne Arundel County Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Rental Assistance Demonstration (RAD)

Guide To Affordable Housing in Severna Park, Maryland

There are 1 low income housing apartment communities offering 103 affordable apartments for rent in Severna Park, Maryland.

Income Based Apartments in Severna Park, Maryland

Severna Park features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Severna Park, Maryland

There are 103 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Severna Park.

Housing Choice Vouchers in Severna Park, Maryland

On average, Section 8 Housing Choice vouchers pay Severna Park landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Severna Park.

The maximum amount a voucher would pay on behalf of a low-income tenant in Severna Park, Maryland for a two-bedroom apartment is between $1,256 and $1,535.

2022 Severna Park, Maryland Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Severna Park, Maryland Fair Market Rent $953 $1,124 $1,395 $1,809 $2,075
Severna Park, Maryland Payment Standard Range $858 to $1,048 $1,012 to $1,236 $1,256 to $1,535 $1,628 to $1,990 $1,868 to $2,283

Sourced from federal housing data and AffordableHousingOnline.com research.

Severna Park, MD Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 103
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 7.51%
Average Renter Household Size 2.37
Average Household Size 2.94
Median Household Income $125,805 ±$5,108
Median Rent $1,465 ±$202
Percentage Of Renters Overburdened 54.77% ± 14pp
Total Population 38,364

Population and Household Demographics

Severna Park is a city in Anne Arundel County, Maryland with a population of 38,364. There are 12,976 households in the city with an average household size of 2.94 persons. 7.51% of households in Severna Park are renters.

Income and Rent Overburden in Severna Park

The median gross income for households in Severna Park is $125,805 a year, or $10,484 a month. The median rent for the city is $1,465 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Severna Park, a household making less than $4,883 a month would be considered overburdened when renting an apartment at or above the median rent. 54.77% of households who rent are overburdened in Severna Park.

Area Median Income In Severna Park

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Severna Park, the AMI is calculated from all households within Anne Arundel County.

In Severna Park, HUD calculates the Area Median Income for a family of four as $105,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Severna Park

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Severna Park

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30% AMI Income Limits
Renters earning up to 30% of the Severna Park AMI may qualify for rental assistance programs that target Extremely Low Income households.
$22,100 $25,250 $28,400 $31,550 $34,100 $36,600 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Severna Park AMI may qualify for rental assistance programs that target Very Low Income households.
$36,800 $42,050 $47,300 $52,550 $56,800 $61,000 $65,200 $69,400
80% AMI Income Limits
Renters earning up to 80% of the Severna Park AMI may qualify for rental assistance programs that target Low Income households.
$55,950 $63,950 $71,950 $79,900 $86,300 $92,700 $99,100 $105,500