The Residence at Thayer Avenue

814 Thayer Ave, Silver Spring, MD 20910

Waiting List Forecast: Likely Short or None

check_circleVerified for 2022 by Lorena Bentley

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 2 Beds	1 Bath	613 - 1,043 Sq Ft

Call (301) 298-2447

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.

Located in the quiet Fenton Village neighborhood, Residences at Thayer Avenue provides the convenience of downtown living with the quiet solitude of the suburbs. Our one- and two-bedroom style floor plans are spacious and include modern interiors such as wood plank vinyl flooring, granite kitchen countertops, ceramic tile bath floors, and shower surrounds, cultured marble top vanities, and in-apartment washers and dryers.

At Residences at Thayer Avenue, we have amenities to make your lifestyle hassle-free: garage parking, covered secure bike storage, relaxing resident media lounge with Free Wi-Fi, and a 24-hour cardio and strength training fitness studio.

Dave's Thoughts On The Residence at Thayer Avenue

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 The Residence at Thayer Avenue 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.

~ Dave Layfield, Founder of Affordable Housing Online

The Residence at Thayer Avenue Amenities

Fitness Center
Community Room
On-Site Manager
24hr Emergency Maintenance
Covered Parking
Gated Community
Resident Service Coordinator
Online Payments Accepted
Energy Star Appliances
Spacious floor plans
Near Bus Line
Intercom System
Washer and Dryer Included
Stainless Steel Appliances
Smoke Free
Built in microwave
Heat and Air
Resident Lounge
Community Kitchen

Units at The Residence at Thayer Avenue

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	613ft²	Call for Price^†
Two Bedroom (2/1)	1043ft²	Call for Price^†

Income Qualification for The Residence at Thayer Avenue

*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
30% AMI for PBRA Units	$31,650 / year	$36,200 / year	$40,700 / year	$45,200 / year
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
80% AMI for PBRA Units	$66,750 / year	$76,250 / year	$85,800 / year	$95,300 / year

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

FAQs for The Residence at Thayer Avenue

Does The Residence at Thayer Avenue have a waiting list?

The Residence at Thayer Avenue 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 The Residence at Thayer Avenue?

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 The Residence at Thayer Avenue?

The Residence at Thayer Avenue is managed by WinnCompanies headquartered in Boston, Massachusetts.

In addition to The Residence at Thayer Avenue, how many other affordable housing properties (and units) are there in Silver Spring?

In addition to The Residence at Thayer Avenue, we list 127 other affordable properties in Silver Spring. Learn about these properties here. Our data research shows that there are a total of 6798 affordable units in Silver Spring.