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City Code Chapter 20.30
To qualify to rent your income should be at least $30,000 a year.
Rental History Verification form, signed by your landlord or management company (rental only).
A prequalification letter from a bank or mortgage company for a mortgage of at least $200,000 (purchase only) and a copy of a homebuyer classes certificate are not required but would be helpful.
In addition, you are responsible for keeping the ACDS staff up to date with your information. If you change your address or phone number while your certificate is still active, we may not be able to reach you with information on the availability of units.
For rental units, you will receive a call from the management at The Point at Annapolis to ask you if you are interested in renting a unit.
For rentals, the Property Manager at The Point at Annapolis will check your income prior to signing a lease.
Please note that in Anne Arundel County you must receive homebuyer education/housing counseling and obtain a housing counseling certificate prior to making an offer and executing a contract. To receive help with down payment, settlement expenses, and/or mortgage assistance from MMP or MAP program, you must obtain counseling through ACDS. Maryland Mortgage Program Website
The price for which the unit can be resold is controlled during this period, and the unit must be resold through the MPDU program to another MPDU certificate holder. The MPDU must be owner-occupied throughout the applicable occupancy period, and when the owner sells the unit for the first time after the 10-year occupancy period ends, it may be sold at a market price. Any excess profit is kept by the owner of the MPDU.