About This Property
Holland Trace offers 48 low-income apartments in Franklin, Virginia, serving elderly residents. The community includes 42 one-bedroom and 6 two-bedroom units and has been in operation since 2002. The property participates in the 9% Low-Income Housing Tax Credit program.
Waitlist Information
Waitlist managed by Franklin Redevelopment and Housing Authority
The Franklin Redevelopment and Housing Authority is not currently accepting public housing waiting list applications; when open, pre-applications are accepted at the program level, and declining two invitations will purge the application from the waitlist. Eligibility is based on total annual gross income, family size, and citizenship status; priority is often given to those living or working in the city or county, those with the lowest incomes, and those with disabilities or over age 62.
The Franklin Redevelopment and Housing Authority's Voucher Programs department is currently accepting pre-applications, which can be filled out by walk-ins at their office. Eligibility is based on total annual gross income, family size, and citizenship status, limited to US citizens and eligible non-citizens. Priority is often given to those living or working in the city or county, those with the lowest incomes, and those with disabilities or over age 62.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Franklin City 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 | $908 |
| 1 Bedroom | $910 |
| 2 Bedroom | $1,053 |
| 3 Bedroom | $1,339 |
| 4 Bedroom | $1,787 |
Income Limits - Franklin City County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,900
- Very Low (50%)
- $23,100
- Low (80%)
- $37,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,400
- Low (80%)
- $42,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,700
- Low (80%)
- $47,550
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,000
- Low (80%)
- $52,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,650
- Low (80%)
- $57,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,300
- Low (80%)
- $61,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $40,950
- Low (80%)
- $65,500
- Extremely Low (30%)
- $43,600
- Very Low (50%)
- $43,600
- Low (80%)
- $69,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,900 | $23,100 | $37,000 |
| 2 Persons | $17,420 | $26,400 | $42,250 |
| 3 Persons | $21,960 | $29,700 | $47,550 |
| 4 Persons | $26,500 | $33,000 | $52,800 |
| 5 Persons | $31,040 | $35,650 | $57,050 |
| 6 Persons | $35,580 | $38,300 | $61,250 |
| 7 Persons | $40,120 | $40,950 | $65,500 |
| 8 Persons | $43,600 | $43,600 | $69,700 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Franklin, VA?+
The Fair Market Rent (FMR) for Franklin City County, VA is: $908 (Studio), $910 (1BR), $1053 (2BR), $1339 (3BR), $1787 (4BR). Actual rent at subsidized properties like Holland Trace is typically 30% of household income or less.
What size apartments are available at Holland Trace?+
Holland Trace offers the following unit types: 42 One-Bedroom, 6 Two-Bedroom units, for a total of 48 units.
What is the price range for apartments in Franklin, VA?+
Based on Fair Market Rent for Franklin City County, the estimated price range is: 1-bedroom: $910, 2-bedroom: $1053. Actual rent at Holland Trace may be lower for income-eligible households.
Is there a waitlist for Holland Trace?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Franklin City County, VA?+
For a 4-person household in Franklin City County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,000, Low Income (80% AMI): $52,800. These limits are set by HUD and updated annually.
Who manages Holland Trace?+
Holland Trace is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Holland Trace?+
Holland Trace 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 is eligible to live at Holland Trace?+
Holland Trace primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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