About This Property
Settlers Point is a 62-unit affordable housing community in Damascus, VA that serves families with low incomes. The property was placed in service in 2013 and utilizes 9% Low Income Housing Tax Credits to support its operations. A non-profit organization owns and manages the community.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Washington 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 | $677 |
| 1 Bedroom | $717 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,179 |
| 4 Bedroom | $1,335 |
Income Limits - Washington County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,900
- Low (80%)
- $33,400
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,850
- Low (80%)
- $38,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,850
- Low (80%)
- $42,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,800
- Low (80%)
- $47,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,200
- Low (80%)
- $51,550
- Extremely Low (30%)
- $34,600
- Very Low (50%)
- $34,600
- Low (80%)
- $55,350
- Extremely Low (30%)
- $37,000
- Very Low (50%)
- $37,000
- Low (80%)
- $59,150
- Extremely Low (30%)
- $39,350
- Very Low (50%)
- $39,350
- Low (80%)
- $63,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,900 | $33,400 |
| 2 Persons | $17,420 | $23,850 | $38,200 |
| 3 Persons | $21,960 | $26,850 | $42,950 |
| 4 Persons | $26,500 | $29,800 | $47,700 |
| 5 Persons | $31,040 | $32,200 | $51,550 |
| 6 Persons | $34,600 | $34,600 | $55,350 |
| 7 Persons | $37,000 | $37,000 | $59,150 |
| 8 Persons | $39,350 | $39,350 | $63,000 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Damascus, VA?+
The Fair Market Rent (FMR) for Washington County, VA is: $677 (Studio), $717 (1BR), $905 (2BR), $1179 (3BR), $1335 (4BR). Actual rent at subsidized properties like Settlers Point is typically 30% of household income or less.
What are the income limits for affordable housing in Washington County, VA?+
For a 4-person household in Washington County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,800, Low Income (80% AMI): $47,700. These limits are set by HUD and updated annually.
What is the HUD inspection score for Settlers Point?+
Settlers Point has a HUD inspection score of 91 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
How do I apply for housing at Settlers Point?+
Settlers Point 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 Settlers Point?+
Settlers Point is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Settlers Point?+
Settlers Point primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.