About This Property
Mountain Crest offers 28 low-income residential units in Hot Springs, Virginia, serving elderly residents. The property was placed in service in 2008 and utilizes 9% Low-Income Housing Tax Credits to support affordability. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Bath 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 | $731 |
| 1 Bedroom | $735 |
| 2 Bedroom | $912 |
| 3 Bedroom | $1,195 |
| 4 Bedroom | $1,399 |
Income Limits - Bath County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,100
- Very Low (50%)
- $21,850
- Low (80%)
- $34,950
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,000
- Low (80%)
- $39,950
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,100
- Low (80%)
- $44,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,200
- Low (80%)
- $49,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,700
- Low (80%)
- $53,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,200
- Low (80%)
- $57,900
- Extremely Low (30%)
- $38,700
- Very Low (50%)
- $38,700
- Low (80%)
- $61,900
- Extremely Low (30%)
- $41,200
- Very Low (50%)
- $41,200
- Low (80%)
- $65,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,100 | $21,850 | $34,950 |
| 2 Persons | $17,420 | $25,000 | $39,950 |
| 3 Persons | $21,960 | $28,100 | $44,950 |
| 4 Persons | $26,500 | $31,200 | $49,900 |
| 5 Persons | $31,040 | $33,700 | $53,900 |
| 6 Persons | $35,580 | $36,200 | $57,900 |
| 7 Persons | $38,700 | $38,700 | $61,900 |
| 8 Persons | $41,200 | $41,200 | $65,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Hot Springs, VA?+
The Fair Market Rent (FMR) for Bath County, VA is: $731 (Studio), $735 (1BR), $912 (2BR), $1195 (3BR), $1399 (4BR). Actual rent at subsidized properties like Mountain Crest is typically 30% of household income or less.
What are the income limits for affordable housing in Bath County, VA?+
For a 4-person household in Bath County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,200, Low Income (80% AMI): $49,900. These limits are set by HUD and updated annually.
Who is eligible to live at Mountain Crest?+
Mountain Crest primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Mountain Crest?+
Mountain Crest 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 Mountain Crest?+
Mountain Crest 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.