About This Property
Stanardsville Village offers 32 low-income units in Stanardsville, Virginia, with a mix of 16 one-bedroom and 16 two-bedroom apartments serving families. The property was placed in service in 2005 and operates under 9% Low-Income Housing Tax Credit financing. A non-profit organization owns and manages this 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 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.
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 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.
Who manages Stanardsville Village (Bailey Court)?+
Stanardsville Village (Bailey Court) is managed by . You can reach them at .
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 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.