About This Property
Gateway Village comprises 42 low-income rental units in Rich Creek, VA, with a mix of 12 one-bedroom and 30 two-bedroom apartments designed to serve families. The property, placed in service in 2006, operates as a 9% LIHTC credit property and is managed locally in Giles County. Contact information and management details are available for prospective residents and inquiries.
Property Details
Fair Market Rent - Giles 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 | $742 |
| 1 Bedroom | $806 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,179 |
| 4 Bedroom | $1,245 |
Income Limits - Giles County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,100
- Low (80%)
- $33,750
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,100
- Low (80%)
- $38,550
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,100
- Low (80%)
- $43,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,100
- Low (80%)
- $48,150
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,550
- Low (80%)
- $52,050
- Extremely Low (30%)
- $34,950
- Very Low (50%)
- $34,950
- Low (80%)
- $55,900
- Extremely Low (30%)
- $37,350
- Very Low (50%)
- $37,350
- Low (80%)
- $59,750
- Extremely Low (30%)
- $39,750
- Very Low (50%)
- $39,750
- Low (80%)
- $63,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,100 | $33,750 |
| 2 Persons | $17,420 | $24,100 | $38,550 |
| 3 Persons | $21,960 | $27,100 | $43,350 |
| 4 Persons | $26,500 | $30,100 | $48,150 |
| 5 Persons | $31,040 | $32,550 | $52,050 |
| 6 Persons | $34,950 | $34,950 | $55,900 |
| 7 Persons | $37,350 | $37,350 | $59,750 |
| 8 Persons | $39,750 | $39,750 | $63,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rich Creek, VA?+
The Fair Market Rent (FMR) for Giles County, VA is: $742 (Studio), $806 (1BR), $905 (2BR), $1179 (3BR), $1245 (4BR). Actual rent at subsidized properties like Gateway Village is typically 30% of household income or less.
What size apartments are available at Gateway Village?+
Gateway Village offers the following unit types: 12 One-Bedroom, 30 Two-Bedroom units, for a total of 42 units.
Who is eligible to live at Gateway Village?+
Gateway Village primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Gateway Village?+
Gateway 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 manages Gateway Village?+
Gateway Village is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Rich Creek, VA?+
Based on Fair Market Rent for Giles County, the estimated price range is: 1-bedroom: $806, 2-bedroom: $905. Actual rent at Gateway Village may be lower for income-eligible households.
What are the income limits for affordable housing in Giles County, VA?+
For a 4-person household in Giles County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,100, Low Income (80% AMI): $48,150. These limits are set by HUD and updated annually.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Gateway Village
Hillside Apts (Pearisburg)
Pearisburg, VA
36 UnitsHillside Apts Pearisburg
Pearisburg, VA
36 UnitsOrchard Grove
Pearisburg, VA
30 UnitsWoodrum Manor & Westview
Pearisburg, VA
26 UnitsMountain Glen & Glen Mountain Homes
Glen Lyn, VA
14 Units