About This Property
Oakmeade contains 100 low-income units in Henrico, Virginia and serves families. The property was placed in service in 2013 and is funded through tax-exempt bonds with 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Henrico 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 - Henrico 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Henrico, VA?+
The Fair Market Rent (FMR) for Henrico County, VA is: $1328 (Studio), $1365 (1BR), $1532 (2BR), $1959 (3BR), $2393 (4BR). Actual rent at subsidized properties like Oakmeade is typically 30% of household income or less.
What are the income limits for affordable housing in Henrico County, VA?+
For a 4-person household in Henrico 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 Oakmeade?+
Oakmeade 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 Oakmeade?+
Oakmeade primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Oakmeade?+
Oakmeade is managed by . You can reach them at . Visit their website for more information.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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