721 Beacon Road, Silver Spring, MD 20901
Waiting List Forecast: Likely Long or Closed
Verified for 2021 by Alli Poe| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $876 per Month† | 1 Bed | 1 Bath | 559 - 718 Sq Ft |
Since this property is a Section 202 property and includes rental assistance, it will tend to have a longer waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
Victory Oaks is located on the grounds of the beautiful St. Camillus campus and offers affordable senior living in Silver Spring, Maryland. Surrounded by new friends, you'll enjoy many social activities and events planned each month by our onsite management team. Victory Oaks features a number of community amenities to promote an active, healthy lifestyle including a fitness center, computer lab, library, arts and crafts room and an outdoor patio. Enjoy pet-friendly one bedroom apartments complete with a fully-equipped kitchen, an open breakfast bar, beautiful crown molding, individually controlled heat and air conditioning, wall-to-wall carpeting as well as ceramic tile flooring. Handicap accessible apartments are also available.
Ideally located in Montgomery County, Victory Oaks is convenient to the Capital Beltway, I-95 and the great dining, shopping and entertainment the Washington DC Metro area has to offer. Enjoy easy access to public transportation with numerous nearby bus stops and a close location to the Washington Adventist Hospital. Offering the best affordable senior apartments in Silver Spring, Maryland, call us today for more information!
As a modern Section 202 property built after 1990, Victory Oaks only allows seniors aged 62 or older. Older “Legacy” 202 properties (pre-1990) do allow younger persons with disabilities. Modern 202 properties tend to be in better physical condition primarily due to age. Section 202 properties include a rent subsidy, so you will only pay 30% of your income toward rent. To qualify, you will need to earn 50% of the Area Median Income or less. These properties often include a resident services coordinator that arranges services like healthcare management, transportation, and social activities. If you are a senior or have a senior in your household, and need services to maintain independent living, this property may be good for you. Since this property participates in the HUD 202 program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1D (1/1) | 559ft2 | $876† |
| 1B (1/1) | 575ft2 | $876† |
| 1A Accessible (1/1) | 594ft2 | $876† |
| 1A (1/1) | 594ft2 | $876† |
| 1C (1/1) | 607ft2 | $876† |
| 1F (1/1) | 669ft2 | $876† |
| 1E (1/1) | 718ft2 | $876† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $31,650 / year | $36,200 / year | $40,700 / year | $45,200 / year | $48,850 / year | $52,450 / year | $56,050 / year | $59,700 / year |
| 50% AMI for LIHTC Units | $52,750 / year | $60,300 / year | $67,850 / year | $75,350 / year | $81,400 / year | $87,450 / year | $93,450 / year | $99,500 / year |
| 50% AMI for PBRA Units | $52,750 / year | $60,300 / year | $67,850 / year | $75,350 / year | $81,400 / year | $87,450 / year | $93,450 / year | $99,500 / year |
| 80% AMI for PBRA Units | $66,750 / year | $76,250 / year | $85,800 / year | $95,300 / year | $102,950 / year | $110,550 / year | $118,200 / year | $125,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Victory Oaks have a waiting list?
Victory Oaks probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Victory Oaks?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Victory Oaks?
Victory Oaks is managed by Habitat America LLC headquartered in Annapolis , Maryland.
In addition to Victory Oaks, how many other affordable housing properties (and units) are there in Silver Spring?
In addition to Victory Oaks, we list 66 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.
601 East Randolph Road , Silver Spring, Maryland 20904
10000 Brunswick Ave, Silver Spring, Maryland 20910
426 University Boulevard East, Silver Spring, Maryland 20901
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