Park Montgomery Apartment is a high-rise building conveniently located in the desirable city of Silver Spring, Montgomery County, Maryland. Choose from 1, 2, or 3-bedroom apartment floor plans that offer a full appliance package, wood floors, and individually controlled heat and air conditioning. Community amenities include an onsite laundry facility, swimming pool, playground, and a free after-school program.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 736 | Call for Price |
Two Bedroom (2/1) | 832 | Call for Price |
Three Bedroom (3/2) | 1062 | Call for Price |
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 Silver Spring but actual income limits may differ for units at Park Montgomery.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $52,750 | $60,300 | $67,850 | $75,350 | $81,400 | $87,450 |
Low Income (60%) | $63,300 | $72,360 | $81,420 | $90,420 | $97,680 | $104,940 |
Day | Hours |
---|---|
Monday | 9:00am-5:00pm |
Tuesday | 9:00am-5:00pm |
Wednesday | 11:00am-5:00pm |
Thursday | 9:00am-5:00pm |
Friday | 9:00am-5:00pm |
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.