About This Property
Valley Run offers 72 units of affordable housing in Milford, Delaware. The property has been in service since 1995 and is situated in Kent County. Prospective residents can contact the management office for information about availability and lease terms.
Property Details
Fair Market Rent - Kent County, DE
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,110 |
| 1 Bedroom | $1,117 |
| 2 Bedroom | $1,368 |
| 3 Bedroom | $1,928 |
| 4 Bedroom | $2,152 |
Income Limits - Kent County, DE
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,500
- Very Low (50%)
- $24,150
- Low (80%)
- $38,650
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,600
- Low (80%)
- $44,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,050
- Low (80%)
- $49,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,500
- Low (80%)
- $55,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,300
- Low (80%)
- $59,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,050
- Low (80%)
- $64,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,800
- Low (80%)
- $68,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,550
- Low (80%)
- $72,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,500 | $24,150 | $38,650 |
| 2 Persons | $17,420 | $27,600 | $44,200 |
| 3 Persons | $21,960 | $31,050 | $49,700 |
| 4 Persons | $26,500 | $34,500 | $55,200 |
| 5 Persons | $31,040 | $37,300 | $59,650 |
| 6 Persons | $35,580 | $40,050 | $64,050 |
| 7 Persons | $40,120 | $42,800 | $68,450 |
| 8 Persons | $44,660 | $45,550 | $72,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Milford, DE?+
The Fair Market Rent (FMR) for Kent County, DE is: $1110 (Studio), $1117 (1BR), $1368 (2BR), $1928 (3BR), $2152 (4BR). Actual rent at subsidized properties like Valley Run is typically 30% of household income or less.
What are the income limits for affordable housing in Kent County, DE?+
For a 4-person household in Kent County, DE, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,500, Low Income (80% AMI): $55,200. These limits are set by HUD and updated annually.
Who manages Valley Run?+
Valley Run is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Valley Run?+
Valley Run 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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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