Affordable Housing In Silver Spring
Montgomery County, Maryland

57 Low Income Apartment Communities In Silver Spring

Victory Forest

10000 Brunswick Ave
Silver Spring, MD
$596-739
1 BR
62+
Subsidized

Manor at Colesville

601 East Randolph Road
Silver Spring, MD
$820-1,483
1-2 BR
62+
HCV Welcome

Montgomery Arms

8615 Fenton St
Silver Spring, MD
$1,058-1,327
Studio-2 BR

Argent Apartments

1200 Blair Mill Rd
Silver Spring, MD
Call For Rent
Studio-3 BR
HCV Welcome

Snowden's Ridge

2105 Harlequin Terrace
Silver Spring, MD
Call For Rent
1-3 BR
Subsidized

The Oaks At Four Corners

321 University Blvd W
Silver Spring, MD
Call For Rent
1-2 BR

Park Montgomery

8860 Piney Branch Rd
Silver Spring, MD
Income Based
1-3 BR
HCV Welcome

University Manor Apartments

820 University Blvd E
Silver Spring, MD
$1,150-1,394
1-2 BR
HCV Welcome

Victory Oaks

721 Beacon Road
Silver Spring, MD
$762
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Spring Garden Apartments

8007 Eastern Ave
Silver Spring, MD
$995
1 BR
HCV Welcome

There are 57 low income housing apartment complexes which contain 6,107 affordable apartments for rent in Silver Spring. Many of these rental apartments are income based housing with 2,481 apartments that set rent based on your income. In Silver Spring, HUD housing programs support 1,625 rental assistance apartments through programs like Project-based Section 8. There are 3,506 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Silver Spring

Housing Authority Programs
Housing Opportunities Commission of Montgomery County Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Silver Spring, Maryland

Silver Spring, MD Affordable Housing Snapshot

Total Affordable Apartment Properties 57
Total Low Income Apartments 6,107
Total Rent Assisted Apartments 2,481
Percentage of Housing Units Occupied By Renters 62.99%
Average Renter Household Size 2.35
Total Population 77,460
Housing Units 30,684
Average Household Size 2.51
Median Household Income $72,887 ±$2,751
Median Rent $1,474 ±$23
Percentage Of Renters Overburdened 50.46% ± 3.59pp

Population and Household Demographics

Silver Spring is a City in Montgomery County, Maryland with a population of 77,460. There are 30,684 households in the city with an average household size of 2.51 persons. 62.99% of households in Silver Spring are renters.

Income and Rent Overburden in Silver Spring

The median gross income for households in Silver Spring is $72,887 a year, or $6,074 a month. The median rent for the city is $1,474 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Silver Spring, a household making less than $4,913 a month would be considered overburdened when renting an apartment at or above the median rent. 50.46% of households who rent are overburdened in Silver Spring.1

Area Median Income In Silver Spring

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 Silver Spring, the AMI is calculated from all households within Montgomery County.

In Silver Spring, HUD calculates the Area Median Income for a family of four as $121,300

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 Silver Spring

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 Silver Spring HUD Rental Assistance in Silver Spring

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
50% of Median $42,500 $48,550 $54,600 $60,650 $65,550 $70,400 $75,250 $80,100
80% of Median $54,350 $62,100 $69,850 $77,600 $83,850 $90,050 $96,250 $102,450
Low Income Housing Tax Credits in Silver Spring

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2012, 31 low income apartment communities containing 3,516 rental apartments have been constructed and made affordable to low income persons in Silver Spring by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Silver Spring

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $42,500 $48,550 $54,600 $60,650 $65,550 $70,400 $75,250 $80,100
60% of Median $51,000 $58,260 $65,520 $72,780 $78,660 $84,480 $90,300 $96,120

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Silver Spring is $65,520 a year, or $5,460 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $5,460 by 30% to get a maximum rent of $1,638 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $1,063 $1,138 $1,365 $1,578 $1,760 $1,942
60% $1,275 $1,366 $1,638 $1,893 $2,112 $2,330
Fair Market Rents in Silver Spring

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,415 $1,454 $1,665 $2,176 $2,678