About This Property
Grayson Manor is a 32-unit affordable housing community in Independence, VA that serves elderly residents. The property contains 32 one-bedroom units and has been in service since 1999. The development utilizes 9% Low-Income Housing Tax Credits and is owned by a non-profit organization.
Property Details
Fair Market Rent - Grayson 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 | $1,273 |
| 4 Bedroom | $1,372 |
Income Limits - Grayson County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,900
- Low (80%)
- $33,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,900
- Low (80%)
- $38,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,900
- Low (80%)
- $43,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,850
- Low (80%)
- $47,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,250
- Low (80%)
- $51,600
- Extremely Low (30%)
- $34,650
- Very Low (50%)
- $34,650
- Low (80%)
- $55,400
- Extremely Low (30%)
- $37,050
- Very Low (50%)
- $37,050
- Low (80%)
- $59,250
- Extremely Low (30%)
- $39,450
- Very Low (50%)
- $39,450
- Low (80%)
- $63,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,900 | $33,450 |
| 2 Persons | $17,420 | $23,900 | $38,200 |
| 3 Persons | $21,960 | $26,900 | $43,000 |
| 4 Persons | $26,500 | $29,850 | $47,750 |
| 5 Persons | $31,040 | $32,250 | $51,600 |
| 6 Persons | $34,650 | $34,650 | $55,400 |
| 7 Persons | $37,050 | $37,050 | $59,250 |
| 8 Persons | $39,450 | $39,450 | $63,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Independence, VA?+
The Fair Market Rent (FMR) for Grayson County, VA is: $725 (Studio), $730 (1BR), $905 (2BR), $1273 (3BR), $1372 (4BR). Actual rent at subsidized properties like Grayson Manor is typically 30% of household income or less.
What size apartments are available at Grayson Manor?+
Grayson Manor offers the following unit types: 32 One-Bedroom units, for a total of 32 units.
How do I apply for housing at Grayson Manor?+
Grayson Manor 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 Grayson Manor?+
Grayson Manor primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Grayson County, VA?+
For a 4-person household in Grayson County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,850, Low Income (80% AMI): $47,750. These limits are set by HUD and updated annually.
What is the price range for apartments in Independence, VA?+
Based on Fair Market Rent for Grayson County, the estimated price range is: 1-bedroom: $730. Actual rent at Grayson Manor may be lower for income-eligible households.
Who manages Grayson Manor?+
Grayson Manor is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.