About This Property
Scottsville Apts comprises 34 low-income units in Scottsville, VA and serves elderly residents. The property was placed in service in 2013 and is financed through 9% Low Income Housing Tax Credits. A non-profit organization owns and operates this Albemarle County community.
Property Details
Fair Market Rent - Albemarle 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 | $1,392 |
| 1 Bedroom | $1,415 |
| 2 Bedroom | $1,678 |
| 3 Bedroom | $2,114 |
| 4 Bedroom | $2,608 |
Income Limits - Albemarle County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,700
- Very Low (50%)
- $32,800
- Low (80%)
- $52,500
- Extremely Low (30%)
- $22,500
- Very Low (50%)
- $37,500
- Low (80%)
- $60,000
- Extremely Low (30%)
- $25,300
- Very Low (50%)
- $42,200
- Low (80%)
- $67,500
- Extremely Low (30%)
- $28,100
- Very Low (50%)
- $46,850
- Low (80%)
- $74,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $50,600
- Low (80%)
- $80,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,350
- Low (80%)
- $86,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $58,100
- Low (80%)
- $92,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $61,850
- Low (80%)
- $98,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,700 | $32,800 | $52,500 |
| 2 Persons | $22,500 | $37,500 | $60,000 |
| 3 Persons | $25,300 | $42,200 | $67,500 |
| 4 Persons | $28,100 | $46,850 | $74,950 |
| 5 Persons | $31,040 | $50,600 | $80,950 |
| 6 Persons | $35,580 | $54,350 | $86,950 |
| 7 Persons | $40,120 | $58,100 | $92,950 |
| 8 Persons | $44,660 | $61,850 | $98,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Scottsville, VA?+
The Fair Market Rent (FMR) for Albemarle County, VA is: $1392 (Studio), $1415 (1BR), $1678 (2BR), $2114 (3BR), $2608 (4BR). Actual rent at subsidized properties like Scottsville Apts is typically 30% of household income or less.
What are the income limits for affordable housing in Albemarle County, VA?+
For a 4-person household in Albemarle County, VA, the income limits are: Extremely Low Income (30% AMI): $28,100, Very Low Income (50% AMI): $46,850, Low Income (80% AMI): $74,950. These limits are set by HUD and updated annually.
Who is eligible to live at Scottsville Apts?+
Scottsville Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Scottsville Apts?+
Scottsville Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Scottsville Apts?+
Scottsville Apts 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
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.