Greenwood Village

1001 Cosby Avenue, Cambridge, Maryland 21613

Contact Greenwood Village

Greenwood Village is an affordable apartment community located in Cambridge, Maryland that offers 3-bedroom apartments. The community is conveniently located near Local Dining, Antique Shopping, Snows Turn Park, Bowling Center, Community Services, and Elementary and High Schools.

Unit (Bd/Ba)	Ft²	Rent
Three Bedroom (3/2)	1360	Call for Price

Eligibility for Greenwood Village

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Cambridge but actual income limits may differ for units at Greenwood Village.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$17,900	$20,450	$24,860	$30,000	$35,140	$40,280
50%	$29,850	$34,100	$38,350	$42,600	$46,050	$49,450
80%	$47,750	$54,550	$61,350	$68,150	$73,650	$79,100

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Cambridge but actual income limits may differ for units at Greenwood Village.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$29,850	$34,100	$38,350	$42,600	$46,050	$49,450
Low Income (60%)	$35,820	$40,920	$46,020	$51,120	$55,260	$59,340

Greenwood Village Details

20 three bedroom units.
Townhouse
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
HOME Investment Partnerships Program
Section 8 Project-Based Rental Assistance (PBRA)

Property Amenities

On-Site Manager
Off-Street Parking
On-Site Maintenance
Wheel Chair Accessible

Unit Amenities

Air Conditioning
Ceiling Fan(s)
Dishwasher
Microwave
Washer and Dryer Hookup
Cable Ready
Carpet
Hardwood Floors
Refrigerator
Extra Storage
Energy Efficient Appliances
Large Closets

Nearby Amenities

Close to Public Transportation

Office Hours

Day	Hours
Tuesday	8:30am-4:00pm
Thursday	8:30am-4:00pm

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.