About This Property
West Lance is a 34-unit affordable housing community in New Castle, VA that serves elderly residents. The property consists entirely of one-bedroom units and has been in service since 2014. Financing includes HOME funds and 9% Low-Income Housing Tax Credits, with the community operated by a non-profit organization.
Property Details
Fair Market Rent - Craig 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 | $811 |
| 1 Bedroom | $894 |
| 2 Bedroom | $1,088 |
| 3 Bedroom | $1,513 |
| 4 Bedroom | $1,760 |
Income Limits - Craig County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,450
- Very Low (50%)
- $27,450
- Low (80%)
- $43,900
- Extremely Low (30%)
- $18,800
- Very Low (50%)
- $31,400
- Low (80%)
- $50,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,300
- Low (80%)
- $56,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,200
- Low (80%)
- $62,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,350
- Low (80%)
- $67,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,500
- Low (80%)
- $72,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,650
- Low (80%)
- $77,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,750
- Low (80%)
- $82,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,450 | $27,450 | $43,900 |
| 2 Persons | $18,800 | $31,400 | $50,200 |
| 3 Persons | $21,960 | $35,300 | $56,450 |
| 4 Persons | $26,500 | $39,200 | $62,700 |
| 5 Persons | $31,040 | $42,350 | $67,750 |
| 6 Persons | $35,580 | $45,500 | $72,750 |
| 7 Persons | $40,120 | $48,650 | $77,750 |
| 8 Persons | $44,660 | $51,750 | $82,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in New Castle, VA?+
The Fair Market Rent (FMR) for Craig County, VA is: $811 (Studio), $894 (1BR), $1088 (2BR), $1513 (3BR), $1760 (4BR). Actual rent at subsidized properties like West Lance is typically 30% of household income or less.
What size apartments are available at West Lance?+
West Lance offers the following unit types: 34 One-Bedroom units, for a total of 34 units.
Who is eligible to live at West Lance?+
West Lance primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in New Castle, VA?+
Based on Fair Market Rent for Craig County, the estimated price range is: 1-bedroom: $894. Actual rent at West Lance may be lower for income-eligible households.
How do I apply for housing at West Lance?+
West Lance 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 West Lance?+
West Lance is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Craig County, VA?+
For a 4-person household in Craig County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,200, Low Income (80% AMI): $62,700. These limits are set by HUD and updated annually.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.