About This Property
Jersey Park comprises 80 low-income units in Smithfield, VA, with a mix of 16 one-bedroom and 64 two-bedroom apartments serving families. The property was placed in service in 2007 and receives funding through tax-exempt bonds and 4% LIHTC credits. Jersey Park remains available for eligible households seeking affordable rental housing in Isle of Wight County.
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 Jersey Park is typically 30% of household income or less.
What size apartments are available at Jersey Park?+
Jersey Park offers the following unit types: 16 One-Bedroom, 64 Two-Bedroom units, for a total of 80 units.
How do I apply for housing at Jersey Park?+
Jersey Park 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 Smithfield, VA?+
Based on Fair Market Rent for Isle Of Wight County, the estimated price range is: 1-bedroom: $1287, 2-bedroom: $1493. Actual rent at Jersey Park may be lower for income-eligible households.
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 is eligible to live at Jersey Park?+
Jersey Park primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Jersey Park?+
Jersey Park is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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