About This Property
Chestertown Cove offers 34 low-income units in Chestertown, Maryland, with a mix of one-, two-, and three-bedroom floor plans. The property has been in service since 1995 and includes 18 one-bedroom, 12 two-bedroom, and 4 three-bedroom units.
Property Details
Fair Market Rent - Kent 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 | $1,100 |
| 1 Bedroom | $1,111 |
| 2 Bedroom | $1,269 |
| 3 Bedroom | $1,699 |
| 4 Bedroom | $2,153 |
Income Limits - Kent County, MD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,500
- Very Low (50%)
- $27,500
- Low (80%)
- $44,000
- Extremely Low (30%)
- $18,850
- Very Low (50%)
- $31,400
- Low (80%)
- $50,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,350
- Low (80%)
- $56,550
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,250
- Low (80%)
- $62,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,400
- Low (80%)
- $67,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,550
- Low (80%)
- $72,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,700
- Low (80%)
- $77,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,850
- Low (80%)
- $82,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,500 | $27,500 | $44,000 |
| 2 Persons | $18,850 | $31,400 | $50,250 |
| 3 Persons | $21,960 | $35,350 | $56,550 |
| 4 Persons | $26,500 | $39,250 | $62,800 |
| 5 Persons | $31,040 | $42,400 | $67,850 |
| 6 Persons | $35,580 | $45,550 | $72,850 |
| 7 Persons | $40,120 | $48,700 | $77,900 |
| 8 Persons | $44,660 | $51,850 | $82,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Chestertown, MD?+
The Fair Market Rent (FMR) for Kent County, MD is: $1100 (Studio), $1111 (1BR), $1269 (2BR), $1699 (3BR), $2153 (4BR). Actual rent at subsidized properties like Chestertown Cove is typically 30% of household income or less.
What size apartments are available at Chestertown Cove?+
Chestertown Cove offers the following unit types: 18 One-Bedroom, 12 Two-Bedroom, 4 Three-Bedroom units, for a total of 34 units.
What is the price range for apartments in Chestertown, MD?+
Based on Fair Market Rent for Kent County, the estimated price range is: 1-bedroom: $1111, 2-bedroom: $1269, 3-bedroom: $1699. Actual rent at Chestertown Cove may be lower for income-eligible households.
How do I apply for housing at Chestertown Cove?+
Chestertown Cove 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.
Who manages Chestertown Cove?+
Chestertown Cove is managed by . You can reach them at .
What are the income limits for affordable housing in Kent County, MD?+
For a 4-person household in Kent County, MD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,250, Low Income (80% AMI): $62,800. These limits are set by HUD and updated annually.
Walk Score
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