About This Property
Lily Ridge offers 48 low-income units in Ruckersville, Virginia, comprising eight 1-bedroom, twenty-eight 2-bedroom, and twelve 3-bedroom apartments. The property was placed in service in 2016 and utilizes 9% Low-Income Housing Tax Credits to serve families. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Greene 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 | $1,392 |
| 1 Bedroom | $1,415 |
| 2 Bedroom | $1,678 |
| 3 Bedroom | $2,114 |
| 4 Bedroom | $2,608 |
Income Limits - Greene County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,700
- Very Low (50%)
- $32,800
- Low (80%)
- $52,500
- Extremely Low (30%)
- $22,500
- Very Low (50%)
- $37,500
- Low (80%)
- $60,000
- Extremely Low (30%)
- $25,300
- Very Low (50%)
- $42,200
- Low (80%)
- $67,500
- Extremely Low (30%)
- $28,100
- Very Low (50%)
- $46,850
- Low (80%)
- $74,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $50,600
- Low (80%)
- $80,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,350
- Low (80%)
- $86,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $58,100
- Low (80%)
- $92,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $61,850
- Low (80%)
- $98,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,700 | $32,800 | $52,500 |
| 2 Persons | $22,500 | $37,500 | $60,000 |
| 3 Persons | $25,300 | $42,200 | $67,500 |
| 4 Persons | $28,100 | $46,850 | $74,950 |
| 5 Persons | $31,040 | $50,600 | $80,950 |
| 6 Persons | $35,580 | $54,350 | $86,950 |
| 7 Persons | $40,120 | $58,100 | $92,950 |
| 8 Persons | $44,660 | $61,850 | $98,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Ruckersville, VA?+
The Fair Market Rent (FMR) for Greene County, VA is: $1392 (Studio), $1415 (1BR), $1678 (2BR), $2114 (3BR), $2608 (4BR). Actual rent at subsidized properties like Lily Ridge is typically 30% of household income or less.
What size apartments are available at Lily Ridge?+
Lily Ridge offers the following unit types: 8 One-Bedroom, 28 Two-Bedroom, 12 Three-Bedroom units, for a total of 48 units.
How do I apply for housing at Lily Ridge?+
Lily Ridge 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 Greene County, VA?+
For a 4-person household in Greene County, VA, the income limits are: Extremely Low Income (30% AMI): $28,100, Very Low Income (50% AMI): $46,850, Low Income (80% AMI): $74,950. These limits are set by HUD and updated annually.
Who is eligible to live at Lily Ridge?+
Lily Ridge primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Ruckersville, VA?+
Based on Fair Market Rent for Greene County, the estimated price range is: 1-bedroom: $1415, 2-bedroom: $1678, 3-bedroom: $2114. Actual rent at Lily Ridge may be lower for income-eligible households.
Who manages Lily Ridge?+
Lily Ridge is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car