About This Property
Stanardsville Village Bailey Court contains 32 low-income units in Stanardsville, VA, with 16 one-bedroom and 16 two-bedroom floor plans that serve families. The property has been in service since 2005 and is financed through 9% Low-Income Housing Tax Credits. A non-profit organization owns and operates this Greene County 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 Stanardsville, 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 Stanardsville Village Bailey Court is typically 30% of household income or less.
What size apartments are available at Stanardsville Village Bailey Court?+
Stanardsville Village Bailey Court offers the following unit types: 16 One-Bedroom, 16 Two-Bedroom units, for a total of 32 units.
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.
How do I apply for housing at Stanardsville Village Bailey Court?+
Stanardsville Village Bailey Court 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 Stanardsville Village Bailey Court?+
Stanardsville Village Bailey Court 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 Stanardsville, VA?+
Based on Fair Market Rent for Greene County, the estimated price range is: 1-bedroom: $1415, 2-bedroom: $1678. Actual rent at Stanardsville Village Bailey Court may be lower for income-eligible households.
Who manages Stanardsville Village Bailey Court?+
Stanardsville Village Bailey Court is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.