About This Property
Taylor Lofts offers 47 low-income residential units in South Boston, VA and has been in service since 2009. The property serves families and is funded through 9% Low-Income Housing Tax Credits. A non-profit organization owns and operates the community.
Property Details
Fair Market Rent - Halifax 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 | $739 |
| 1 Bedroom | $776 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,162 |
| 4 Bedroom | $1,227 |
Income Limits - Halifax County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,000
- Low (80%)
- $33,600
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,000
- Low (80%)
- $38,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,000
- Low (80%)
- $43,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,000
- Low (80%)
- $48,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,400
- Low (80%)
- $51,850
- Extremely Low (30%)
- $34,800
- Very Low (50%)
- $34,800
- Low (80%)
- $55,700
- Extremely Low (30%)
- $37,200
- Very Low (50%)
- $37,200
- Low (80%)
- $59,550
- Extremely Low (30%)
- $39,600
- Very Low (50%)
- $39,600
- Low (80%)
- $63,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,000 | $33,600 |
| 2 Persons | $17,420 | $24,000 | $38,400 |
| 3 Persons | $21,960 | $27,000 | $43,200 |
| 4 Persons | $26,500 | $30,000 | $48,000 |
| 5 Persons | $31,040 | $32,400 | $51,850 |
| 6 Persons | $34,800 | $34,800 | $55,700 |
| 7 Persons | $37,200 | $37,200 | $59,550 |
| 8 Persons | $39,600 | $39,600 | $63,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in South Boston, VA?+
The Fair Market Rent (FMR) for Halifax County, VA is: $739 (Studio), $776 (1BR), $905 (2BR), $1162 (3BR), $1227 (4BR). Actual rent at subsidized properties like Taylor Lofts is typically 30% of household income or less.
What are the income limits for affordable housing in Halifax County, VA?+
For a 4-person household in Halifax County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,000, Low Income (80% AMI): $48,000. These limits are set by HUD and updated annually.
Who manages Taylor Lofts?+
Taylor Lofts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Taylor Lofts?+
Taylor Lofts 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 Taylor Lofts?+
Taylor Lofts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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