About This Property
Pretlow-Old Town offers 75 low-income units in Franklin, Virginia, with a mix of 20 one-bedroom, 20 two-bedroom, and 35 three-bedroom apartments. The property has been in service since 2017 and is funded through 9% Low-Income Housing Tax Credits. The community serves families seeking affordable rental housing in Franklin City County.
Waitlist Information
Waitlist managed by Franklin Redevelopment and Housing Authority
When open, pre-applications are accepted at the program level; declining two invitations will purge the application from the waitlist. Family needs are considered for invitations.
Eligibility includes income, family size, citizenship status, with preferences for local residents, lowest incomes, elderly, disabled, and families with children. For a family of four, the very low-income limit is $46,900.
Waitlist data provided by section8waitlist.org
Updated July 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 Pretlow-Old Town is typically 30% of household income or less.
What size apartments are available at Pretlow-Old Town?+
Pretlow-Old Town offers the following unit types: 20 One-Bedroom, 20 Two-Bedroom, 35 Three-Bedroom units, for a total of 75 units.
How do I apply for housing at Pretlow-Old Town?+
Pretlow-Old Town 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 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 Pretlow-Old Town?+
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 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, 3-bedroom: $1339. Actual rent at Pretlow-Old Town may be lower for income-eligible households.
Who is eligible to live at Pretlow-Old Town?+
Pretlow-Old Town primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Pretlow-Old Town?+
Pretlow-Old Town is managed by . You can reach them at . Visit their website for more information.
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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