About This Property
Beaverdam Creek offers 120 low-income rental units in Mechanicsville, Virginia, with a mix of 96 two-bedroom and 24 three-bedroom apartments designed to serve families. The property has been in service since 2000 and utilizes 9% Low-Income Housing Tax Credits to maintain affordability. This Hanover County community provides housing options for residents with qualifying incomes.
Property Details
Fair Market Rent - Hanover 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 | $1,328 |
| 1 Bedroom | $1,365 |
| 2 Bedroom | $1,532 |
| 3 Bedroom | $1,959 |
| 4 Bedroom | $2,393 |
Income Limits - Hanover County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,900
- Very Low (50%)
- $31,500
- Low (80%)
- $50,400
- Extremely Low (30%)
- $21,600
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $24,300
- Very Low (50%)
- $40,500
- Low (80%)
- $64,800
- Extremely Low (30%)
- $27,000
- Very Low (50%)
- $45,000
- Low (80%)
- $72,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,600
- Low (80%)
- $77,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $52,200
- Low (80%)
- $83,550
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $55,800
- Low (80%)
- $89,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $59,400
- Low (80%)
- $95,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,900 | $31,500 | $50,400 |
| 2 Persons | $21,600 | $36,000 | $57,600 |
| 3 Persons | $24,300 | $40,500 | $64,800 |
| 4 Persons | $27,000 | $45,000 | $72,000 |
| 5 Persons | $31,040 | $48,600 | $77,800 |
| 6 Persons | $35,580 | $52,200 | $83,550 |
| 7 Persons | $40,120 | $55,800 | $89,300 |
| 8 Persons | $44,660 | $59,400 | $95,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mechanicsville, VA?+
The Fair Market Rent (FMR) for Hanover County, VA is: $1328 (Studio), $1365 (1BR), $1532 (2BR), $1959 (3BR), $2393 (4BR). Actual rent at subsidized properties like Beaverdam Creek is typically 30% of household income or less.
What size apartments are available at Beaverdam Creek?+
Beaverdam Creek offers the following unit types: 96 Two-Bedroom, 24 Three-Bedroom units, for a total of 120 units.
Who manages Beaverdam Creek?+
Beaverdam Creek is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Beaverdam Creek?+
Beaverdam Creek primarily serves families. 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 Hanover County, VA?+
For a 4-person household in Hanover County, VA, the income limits are: Extremely Low Income (30% AMI): $27,000, Very Low Income (50% AMI): $45,000, Low Income (80% AMI): $72,000. These limits are set by HUD and updated annually.
How do I apply for housing at Beaverdam Creek?+
Beaverdam Creek 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 is the price range for apartments in Mechanicsville, VA?+
Based on Fair Market Rent for Hanover County, the estimated price range is: 2-bedroom: $1532, 3-bedroom: $1959. Actual rent at Beaverdam Creek may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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