About This Property
Pleasant Valley Colony Phase II comprises 32 low-income rental units in Plain City, Ohio, within Madison County. The property features 31 one-bedroom units and one two-bedroom unit and has been in service since 1995. This development is financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Madison County, OH
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $970 |
| 1 Bedroom | $1,065 |
| 2 Bedroom | $1,302 |
| 3 Bedroom | $1,574 |
| 4 Bedroom | $1,745 |
Income Limits - Madison County, OH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,650
- Very Low (50%)
- $29,350
- Low (80%)
- $46,950
- Extremely Low (30%)
- $20,150
- Very Low (50%)
- $33,550
- Low (80%)
- $53,650
- Extremely Low (30%)
- $22,650
- Very Low (50%)
- $37,750
- Low (80%)
- $60,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,900
- Low (80%)
- $67,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,300
- Low (80%)
- $72,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $48,650
- Low (80%)
- $77,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,000
- Low (80%)
- $83,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,350
- Low (80%)
- $88,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,650 | $29,350 | $46,950 |
| 2 Persons | $20,150 | $33,550 | $53,650 |
| 3 Persons | $22,650 | $37,750 | $60,350 |
| 4 Persons | $26,500 | $41,900 | $67,050 |
| 5 Persons | $31,040 | $45,300 | $72,450 |
| 6 Persons | $35,580 | $48,650 | $77,800 |
| 7 Persons | $40,120 | $52,000 | $83,150 |
| 8 Persons | $44,660 | $55,350 | $88,550 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Plain City, OH?+
The Fair Market Rent (FMR) for Madison County, OH is: $970 (Studio), $1065 (1BR), $1302 (2BR), $1574 (3BR), $1745 (4BR). Actual rent at subsidized properties like Pleasant Valley Colony Phase Ii is typically 30% of household income or less.
What size apartments are available at Pleasant Valley Colony Phase Ii?+
Pleasant Valley Colony Phase Ii offers the following unit types: 31 One-Bedroom, 1 Two-Bedroom units, for a total of 32 units.
How do I apply for housing at Pleasant Valley Colony Phase Ii?+
Pleasant Valley Colony Phase Ii 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.
What are the income limits for affordable housing in Madison County, OH?+
For a 4-person household in Madison County, OH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,900, Low Income (80% AMI): $67,050. These limits are set by HUD and updated annually.
What is the price range for apartments in Plain City, OH?+
Based on Fair Market Rent for Madison County, the estimated price range is: 1-bedroom: $1065, 2-bedroom: $1302. Actual rent at Pleasant Valley Colony Phase Ii may be lower for income-eligible households.
Who manages Pleasant Valley Colony Phase Ii?+
Pleasant Valley Colony Phase Ii is managed by . You can reach them at . Visit their website for more information.
Contact Information
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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