About This Property
Newport Village contains 48 low-income units serving families in Franklin, Virginia. The property was placed in service in 2009 and operates as a non-profit owned community with 9% Low-Income Housing Tax Credit financing.
Waitlist Information
Waitlist managed by Franklin Redevelopment and Housing Authority
Franklin Redevelopment and Housing Authority accepts pre-applications at the program level; declining two invitations will purge an application from the waitlist.
Income must be below $46,900/year for a family of four. Placement considers application date and preferences for veterans, elderly, disabled, working families, or local residents.
Waitlist data provided by section8waitlist.org
Updated April 17, 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 |
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 Newport Village is typically 30% of household income or less.
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.
Is there a waitlist for Newport Village?+
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.
Who manages Newport Village?+
Newport Village is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Newport Village?+
Newport Village 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 Newport Village?+
Newport Village primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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