About This Property
Woods Edge in Smithfield offers 60 low-income residential units serving families in Isle of Wight County. The property includes 24 one-bedroom, 28 two-bedroom, and 8 three-bedroom units and has been in service since 1999. The development is financed through 9% Low-Income Housing Tax Credits.
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 Woods Edge Isle of Wight County is typically 30% of household income or less.
What size apartments are available at Woods Edge Isle of Wight County?+
Woods Edge Isle of Wight County offers the following unit types: 24 One-Bedroom, 28 Two-Bedroom, 8 Three-Bedroom units, for a total of 60 units.
Who is eligible to live at Woods Edge Isle of Wight County?+
Woods Edge Isle of Wight County primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Woods Edge Isle of Wight County?+
Woods Edge Isle of Wight County is managed by . You can reach them at . Visit their website for more information.
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, 3-bedroom: $2079. Actual rent at Woods Edge Isle of Wight County 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.
How do I apply for housing at Woods Edge Isle of Wight County?+
Woods Edge Isle of Wight County 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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