About This Property
Pankey House offers one low-income residential unit in Weyers Cave, Virginia and has served the community since 1989. The property is financed through the 9% Low-Income Housing Tax Credit program. Interested parties may contact the property management for additional information and availability.
Property Details
Fair Market Rent - Augusta 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 | $981 |
| 1 Bedroom | $987 |
| 2 Bedroom | $1,149 |
| 3 Bedroom | $1,616 |
| 4 Bedroom | $1,922 |
Income Limits - Augusta County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,950
- Very Low (50%)
- $24,950
- Low (80%)
- $39,900
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,500
- Low (80%)
- $45,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,050
- Low (80%)
- $51,300
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,600
- Low (80%)
- $56,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,450
- Low (80%)
- $61,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,300
- Low (80%)
- $66,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,150
- Low (80%)
- $70,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,000
- Low (80%)
- $75,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,950 | $24,950 | $39,900 |
| 2 Persons | $17,420 | $28,500 | $45,600 |
| 3 Persons | $21,960 | $32,050 | $51,300 |
| 4 Persons | $26,500 | $35,600 | $56,950 |
| 5 Persons | $31,040 | $38,450 | $61,550 |
| 6 Persons | $35,580 | $41,300 | $66,100 |
| 7 Persons | $40,120 | $44,150 | $70,650 |
| 8 Persons | $44,660 | $47,000 | $75,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Weyers Cave, VA?+
The Fair Market Rent (FMR) for Augusta County, VA is: $981 (Studio), $987 (1BR), $1149 (2BR), $1616 (3BR), $1922 (4BR). Actual rent at subsidized properties like Pankey House is typically 30% of household income or less.
What are the income limits for affordable housing in Augusta County, VA?+
For a 4-person household in Augusta County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,600, Low Income (80% AMI): $56,950. These limits are set by HUD and updated annually.
How do I apply for housing at Pankey House?+
Pankey House 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 Pankey House?+
Pankey House is managed by . You can reach them at . Visit their website for more 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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