Rent and Income controlled renovated 1 bedroom in downtown Chestertown

THIS IS AN INCOME AND RENT CONTROLLED UNIT. Market rent is $1550, and the rent listed in this listing is based on an annual income of $50,000. Rent is lower of $1500/month or 30% gross income minus $105 utility allowance. See information below and contact for additional information.
1br/1 bath apartment available July 1 in downtown Chestertown. 2nd floor. Building was recently completely renovated and is energy efficient, with new windows, insulation, HVAC, floors, bath, kitchen with stainless steel appliances and granite counters. Washer and dryer in unit. Secure card key access to all exterior entrances and a monitored fire alarm system. Building is certified limited lead free. Off-street parking.
Rent is the lower of $1550/month or 30 % of gross income minus a $105 monthly utility allowance. Annual income limits:
1 person $57,200
2 people $65,350
3 people $73,550
INCOME LIMITS MAY INCREASE IN MAY
Credit score minimum 675. Income verification required.
Tenants pay for all utilities.