About This Property
Riverwatch is a 86-unit affordable housing community in Elkridge, Maryland that opened in 2017 and serves families and disabled residents. The property includes 42 low-income units with a mix of 41 two-bedroom and 43 three-bedroom apartments. Funded through 4% Low-Income Housing Tax Credits, the community is nonprofit-owned.
Property Details
Fair Market Rent - Howard County, MD
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,379 |
| 1 Bedroom | $1,582 |
| 2 Bedroom | $1,943 |
| 3 Bedroom | $2,519 |
| 4 Bedroom | $2,849 |
Income Limits - Howard County, MD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,100
- Very Low (50%)
- $36,800
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,250
- Very Low (50%)
- $42,050
- Low (80%)
- $63,950
- Extremely Low (30%)
- $28,400
- Very Low (50%)
- $47,300
- Low (80%)
- $71,950
- Extremely Low (30%)
- $31,550
- Very Low (50%)
- $52,550
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,100
- Very Low (50%)
- $56,800
- Low (80%)
- $86,300
- Extremely Low (30%)
- $36,600
- Very Low (50%)
- $61,000
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $65,200
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $69,400
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,100 | $36,800 | $55,950 |
| 2 Persons | $25,250 | $42,050 | $63,950 |
| 3 Persons | $28,400 | $47,300 | $71,950 |
| 4 Persons | $31,550 | $52,550 | $79,900 |
| 5 Persons | $34,100 | $56,800 | $86,300 |
| 6 Persons | $36,600 | $61,000 | $92,700 |
| 7 Persons | $40,120 | $65,200 | $99,100 |
| 8 Persons | $44,660 | $69,400 | $105,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Elkridge, MD?+
The Fair Market Rent (FMR) for Howard County, MD is: $1379 (Studio), $1582 (1BR), $1943 (2BR), $2519 (3BR), $2849 (4BR). Actual rent at subsidized properties like Riverwatch (Elkridge) is typically 30% of household income or less.
What size apartments are available at Riverwatch (Elkridge)?+
Riverwatch (Elkridge) offers the following unit types: 41 Two-Bedroom, 43 Three-Bedroom units, for a total of 86 units.
What is the price range for apartments in Elkridge, MD?+
Based on Fair Market Rent for Howard County, the estimated price range is: 2-bedroom: $1943, 3-bedroom: $2519. Actual rent at Riverwatch (Elkridge) may be lower for income-eligible households.
Who is eligible to live at Riverwatch (Elkridge)?+
Riverwatch (Elkridge) primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Riverwatch (Elkridge)?+
Riverwatch (Elkridge) is managed by . You can reach them at .
What are the income limits for affordable housing in Howard County, MD?+
For a 4-person household in Howard County, MD, the income limits are: Extremely Low Income (30% AMI): $31,550, Very Low Income (50% AMI): $52,550, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
How do I apply for housing at Riverwatch (Elkridge)?+
Riverwatch (Elkridge) is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Walk Score
Car-Dependent
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