Low Income (LIHTC)

Palace Court Apts

905 Palace Ct, Martinsville, VA, 24112

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Palace Court Apts offers 6 units in Martinsville, VA, with 4 units designated as low-income housing. The property has been in service since 1988 and participates in the 4% Low-Income Housing Tax Credit program. This multifamily complex provides affordable rental housing options in Martinsville County.

Property Details

Total Units

Income Limits - Martinsville County, VA

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $12,880
Very Low (50%): $20,900
Low (80%): $33,450

2 Persons

Extremely Low (30%): $17,420
Very Low (50%): $23,900
Low (80%): $38,200

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $26,900
Low (80%): $43,000

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $29,850
Low (80%): $47,750

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $32,250
Low (80%): $51,600

6 Persons

Extremely Low (30%): $34,650
Very Low (50%): $34,650
Low (80%): $55,400

7 Persons

Extremely Low (30%): $37,050
Very Low (50%): $37,050
Low (80%): $59,250

8 Persons

Extremely Low (30%): $39,450
Very Low (50%): $39,450
Low (80%): $63,050

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$12,880	$20,900	$33,450
2 Persons	$17,420	$23,900	$38,200
3 Persons	$21,960	$26,900	$43,000
4 Persons	$26,500	$29,850	$47,750
5 Persons	$31,040	$32,250	$51,600
6 Persons	$34,650	$34,650	$55,400
7 Persons	$37,050	$37,050	$59,250
8 Persons	$39,450	$39,450	$63,050

Tax Credit Program Details

Year Placed in Service

1988

LIHTC Credit Type

Low-Income Units

4 / 6

Frequently Asked Questions

What are the income limits for affordable housing in Martinsville County, VA?+

For a 4-person household in Martinsville County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,850, Low Income (80% AMI): $47,750. These limits are set by HUD and updated annually.

How do I apply for housing at Palace Court Apts?+

Palace Court Apts 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 manages Palace Court Apts?+

Palace Court Apts is managed by . You can reach them at . Visit their website for more information.

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