About This Property
Willow Branch offers 48 low-income units in Madison Heights, Virginia, with a mix of 12 one-bedroom and 36 two-bedroom apartments designed to serve families. The property has been in service since 2000 and utilizes 9% Low-Income Housing Tax Credit financing. Management contact information is available upon request.
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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madison Heights, 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 Willow Branch is typically 30% of household income or less.
What size apartments are available at Willow Branch?+
Willow Branch offers the following unit types: 12 One-Bedroom, 36 Two-Bedroom units, for a total of 48 units.
What is the price range for apartments in Madison Heights, VA?+
Based on Fair Market Rent for Amherst County, the estimated price range is: 1-bedroom: $966, 2-bedroom: $1093. Actual rent at Willow Branch may be lower for income-eligible households.
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.
Who manages Willow Branch?+
Willow Branch is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Willow Branch?+
Willow Branch 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 is eligible to live at Willow Branch?+
Willow Branch primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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