Living Programs

The Francis Scott Key Hotel Apartments is a proud participant in the Federal Tax Credit program, also known as LIHTC. As a participating property, many of our apartments have household income limits and rent restrictions, thus making our community more affordable to many. The LIHTC program differs greatly from a traditional subsidy in that residents are responsible for paying 100% of the rent themselves. There is no government contribution. Please reference the table below for current income restrictions:

Apartment Size                                           Rent Per Month                             Maximum Occupants

1 Bedroom                                                      $1,646                                              2 people

2 Bedroom                                                      $1,798                                             4 people

3 Bedroom                                                      $2,432                                              6 people

Household income is calculated on projected future earnings for the next twelve months from the date of application.  Income from all sources must be counted.  This includes wages, tips, projected overtime, interest income social security income, alimony, child support, assets of any kind (real estate, stocks, bonds, mutual funds, life insurance policies, 401K’s, CD’s, cash assets, etc.).

•Minimum income requirements also apply.  Please contact the leasing office for more information.

•Not all apartments are subject to LIHTC requirements.  Please contact the leasing office for current availability

•Income limits are subject to change annually.

Current LIHTC Rents:

The current maximum income guidelines are provided below and are not based on apartment size but family size.

# of people       Max. Yearly Income                                   # of people       Max. Yearly Income

1 Person                            $68,880                                            4 Person                            $98,340

2 Persons                          $78,720                                            5 Persons                          $106,260

3 Persons $                      $88,560                                            6 Persons                          $114,120

Minimum Yearly Income

1BR       $52,980

2BR       $63,360

3BR       $72,960