University Gardens I, is an independent Affordable Senior Living Community, located at 440 University Boulevard East, Silver Spring, Maryland. Developed in 1991 in accordance with the U.S. Department of Housing and Urban Development (HUD) Section 202/8 Housing Programs.
University Gardens I, a 4-story mid-rise building with 64 revenue units consisting of 16 efficiencies and 48 one bedroom units. The facility accommodates elderly 62 years and older and persons with mobility, hearing and visual impairments.
An applicant must be 62 years old or older at the time of application to apply at University Gardens I. Also, persons in need of mobility, hearing and visual accommodation are eligible to apply.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Call for Price |
One Bedroom (1/1) | - | 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 a HUD rental assistance program in Silver Spring but actual income limits may differ for units at University Gardens.
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 |
Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.