About This Property
Cedar Street offers 24 low-income rental units in Smithfield, Virginia, serving families in Isle of Wight County. The property was placed in service in 2010 and is supported by 9% Low-Income Housing Tax Credits. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Isle Of Wight 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 | $1,279 |
| 1 Bedroom | $1,287 |
| 2 Bedroom | $1,493 |
| 3 Bedroom | $2,079 |
| 4 Bedroom | $2,532 |
Income Limits - Isle Of Wight County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,600
- Low (80%)
- $47,350
- Extremely Low (30%)
- $20,300
- Very Low (50%)
- $33,800
- Low (80%)
- $54,100
- Extremely Low (30%)
- $22,850
- Very Low (50%)
- $38,050
- Low (80%)
- $60,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,250
- Low (80%)
- $67,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,650
- Low (80%)
- $73,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,050
- Low (80%)
- $78,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,400
- Low (80%)
- $83,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,800
- Low (80%)
- $89,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,750 | $29,600 | $47,350 |
| 2 Persons | $20,300 | $33,800 | $54,100 |
| 3 Persons | $22,850 | $38,050 | $60,850 |
| 4 Persons | $26,500 | $42,250 | $67,600 |
| 5 Persons | $31,040 | $45,650 | $73,050 |
| 6 Persons | $35,580 | $49,050 | $78,450 |
| 7 Persons | $40,120 | $52,400 | $83,850 |
| 8 Persons | $44,660 | $55,800 | $89,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Smithfield, VA?+
The Fair Market Rent (FMR) for Isle Of Wight County, VA is: $1279 (Studio), $1287 (1BR), $1493 (2BR), $2079 (3BR), $2532 (4BR). Actual rent at subsidized properties like Cedar Street (Isle of Wight) is typically 30% of household income or less.
What are the income limits for affordable housing in Isle Of Wight County, VA?+
For a 4-person household in Isle Of Wight County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,250, Low Income (80% AMI): $67,600. These limits are set by HUD and updated annually.
Who manages Cedar Street (Isle of Wight)?+
Cedar Street (Isle of Wight) is managed by . You can reach them at .
Who is eligible to live at Cedar Street (Isle of Wight)?+
Cedar Street (Isle of Wight) primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Cedar Street (Isle of Wight)?+
Cedar Street (Isle of Wight) 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
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Cedar Street (Isle of Wight)
Wellesley Woods
Newport News, VA
120 UnitsRiver Trace
Newport News, VA
56 Units
Aqueduct Apartments
Newport News, VA
16 UnitsForrest Landing
Newport News, VA
120 UnitsBradford Mews
Smithfield, VA
120 UnitsJersey Park
Smithfield, VA
80 Units