Low Income (LIHTC)

Pankey House

RR 1 BOX 69, Weyers Cave, VA, 24486

Information verified May 8, 2026·We re-check waiting list status daily

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About This Property

Pankey House provides one low-income residential unit in Weyers Cave, Virginia. The property has been in service since 1989 and receives 9% Low-Income Housing Tax Credit financing. This single-unit property is located in Augusta County.

Property Details

Total Units

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.

1 Person

Extremely Low (30%): $14,950
Very Low (50%): $24,950
Low (80%): $39,900

2 Persons

Extremely Low (30%): $17,420
Very Low (50%): $28,500
Low (80%): $45,600

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $32,050
Low (80%): $51,300

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $35,600
Low (80%): $56,950

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $38,450
Low (80%): $61,550

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $41,300
Low (80%): $66,100

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $44,150
Low (80%): $70,650

8 Persons

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

Year Placed in Service

1989

LIHTC Credit Type

Low-Income Units

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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 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 .

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