Forest Oak Towers
101 Odendhal Ave, Gaithersburg, Maryland 20877
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Forest Oak Towers is managed by Housing Opportunities Commission of Montgomery County.
Forest Oak Towers offer seniors 62+, 1 and 2-Bedroom units located in Gaithersburg, MD.
Waiting List is Closed
Some units at this property are available through Housing Opportunities Commission of Montgomery County's Forest Oak Towers Senior Section 8 Project-Based Voucher Waiting List. Learn about this waiting list here.Eligibility for Forest Oak Towers
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 Gaithersburg but actual income limits may differ for units at Forest Oak Towers.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $31,650 | $36,200 | $40,700 | $45,200 | $48,850 | $52,450 | $56,050 | $59,700 |
| 50% | $52,750 | $60,300 | $67,850 | $75,350 | $81,400 | $87,450 | $93,450 | $99,500 |
| 80% | $66,750 | $76,250 | $85,800 | $95,300 | $102,950 | $110,550 | $118,200 | $125,800 |
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 Gaithersburg but actual income limits may differ for units at Forest Oak Towers.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $52,750 | $60,300 | $67,850 | $75,350 | $81,400 | $87,450 | $93,450 | $99,500 |
| Low Income (60%) | $63,300 | $72,360 | $81,420 | $90,420 | $97,680 | $104,940 | $112,140 | $119,400 |
Forest Oak Towers Details
- 175 bedroom units.
- Section 8 Project-Based Rental Assistance (PBRA)
- Low-Income Housing Tax Credit (LIHTC)
- Section 221 (d) (3)
Property Amenities
- Controlled Access
- Library
- On-Site Parking
- On Bus-line
- Picnic Area
Unit Amenities
- Balconies or Patios Available
- Cable & Internet Ready
Nearby Amenities
- Close to Shopping
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.
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.
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