About This Property
Pine Ridge offers 36 one-bedroom units designated for low-income households in Floyd, Virginia. The property has been in service since 1995 and receives 4% Low-Income Housing Tax Credit financing. Interested parties can contact the property management for additional information.
Property Details
Fair Market Rent - Floyd 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 | $725 |
| 1 Bedroom | $730 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,212 |
| 4 Bedroom | $1,217 |
Income Limits - Floyd County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,400
- Very Low (50%)
- $22,300
- Low (80%)
- $35,650
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,450
- Low (80%)
- $40,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,650
- Low (80%)
- $45,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,800
- Low (80%)
- $50,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,350
- Low (80%)
- $55,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
- Extremely Low (30%)
- $39,450
- Very Low (50%)
- $39,450
- Low (80%)
- $63,150
- Extremely Low (30%)
- $42,000
- Very Low (50%)
- $42,000
- Low (80%)
- $67,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,400 | $22,300 | $35,650 |
| 2 Persons | $17,420 | $25,450 | $40,750 |
| 3 Persons | $21,960 | $28,650 | $45,850 |
| 4 Persons | $26,500 | $31,800 | $50,900 |
| 5 Persons | $31,040 | $34,350 | $55,000 |
| 6 Persons | $35,580 | $36,900 | $59,050 |
| 7 Persons | $39,450 | $39,450 | $63,150 |
| 8 Persons | $42,000 | $42,000 | $67,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Floyd, VA?+
The Fair Market Rent (FMR) for Floyd County, VA is: $725 (Studio), $730 (1BR), $905 (2BR), $1212 (3BR), $1217 (4BR). Actual rent at subsidized properties like Pine Ridge is typically 30% of household income or less.
What size apartments are available at Pine Ridge?+
Pine Ridge offers the following unit types: 36 One-Bedroom units, for a total of 36 units.
What are the income limits for affordable housing in Floyd County, VA?+
For a 4-person household in Floyd County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,800, Low Income (80% AMI): $50,900. These limits are set by HUD and updated annually.
Who manages Pine Ridge?+
Pine Ridge is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Pine Ridge?+
Pine Ridge 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.
What is the price range for apartments in Floyd, VA?+
Based on Fair Market Rent for Floyd County, the estimated price range is: 1-bedroom: $730. Actual rent at Pine Ridge may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.