About This Property
Amherst Acres #2 comprises five 3-bedroom low-income units in Amherst, Virginia. The property has been in service since 1991 and is financed through 9% Low-Income Housing Tax Credits. All five units serve low-income households.
Property Details
Fair Market Rent - Amherst County, VA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $948 |
| 1 Bedroom | $966 |
| 2 Bedroom | $1,093 |
| 3 Bedroom | $1,494 |
| 4 Bedroom | $1,627 |
Income Limits - Amherst County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,500
- Very Low (50%)
- $25,800
- Low (80%)
- $41,300
- Extremely Low (30%)
- $17,700
- Very Low (50%)
- $29,500
- Low (80%)
- $47,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,200
- Low (80%)
- $53,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,850
- Low (80%)
- $58,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,800
- Low (80%)
- $63,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,750
- Low (80%)
- $68,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,700
- Low (80%)
- $73,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,650
- Low (80%)
- $77,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,500 | $25,800 | $41,300 |
| 2 Persons | $17,700 | $29,500 | $47,200 |
| 3 Persons | $21,960 | $33,200 | $53,100 |
| 4 Persons | $26,500 | $36,850 | $58,950 |
| 5 Persons | $31,040 | $39,800 | $63,700 |
| 6 Persons | $35,580 | $42,750 | $68,400 |
| 7 Persons | $40,120 | $45,700 | $73,100 |
| 8 Persons | $44,660 | $48,650 | $77,850 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Amherst, VA?+
The Fair Market Rent (FMR) for Amherst County, VA is: $948 (Studio), $966 (1BR), $1093 (2BR), $1494 (3BR), $1627 (4BR). Actual rent at subsidized properties like Amherst Acres #2 is typically 30% of household income or less.
What size apartments are available at Amherst Acres #2?+
Amherst Acres #2 offers the following unit types: 5 Three-Bedroom units, for a total of 5 units.
How do I apply for housing at Amherst Acres #2?+
Amherst Acres #2 is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Amherst Acres #2?+
Amherst Acres #2 is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Amherst County, VA?+
For a 4-person household in Amherst County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,850, Low Income (80% AMI): $58,950. These limits are set by HUD and updated annually.
What is the price range for apartments in Amherst, VA?+
Based on Fair Market Rent for Amherst County, the estimated price range is: 3-bedroom: $1494. Actual rent at Amherst Acres #2 may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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