About This Property
Cedar Crest I comprises 26 low-income rental units in Blacksburg, Virginia, with a unit mix of six 2-bedroom and twenty 3-bedroom apartments. The property has been in service since 1999 and is financed through 9% Low-Income Housing Tax Credits. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Montgomery 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 | $993 |
| 1 Bedroom | $999 |
| 2 Bedroom | $1,261 |
| 3 Bedroom | $1,721 |
| 4 Bedroom | $2,140 |
Income Limits - Montgomery County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,750
- Very Low (50%)
- $27,900
- Low (80%)
- $44,650
- Extremely Low (30%)
- $19,150
- Very Low (50%)
- $31,900
- Low (80%)
- $51,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,900
- Low (80%)
- $57,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,850
- Low (80%)
- $63,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,050
- Low (80%)
- $68,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,250
- Low (80%)
- $73,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,450
- Low (80%)
- $79,050
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,650
- Low (80%)
- $84,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,750 | $27,900 | $44,650 |
| 2 Persons | $19,150 | $31,900 | $51,000 |
| 3 Persons | $21,960 | $35,900 | $57,400 |
| 4 Persons | $26,500 | $39,850 | $63,750 |
| 5 Persons | $31,040 | $43,050 | $68,850 |
| 6 Persons | $35,580 | $46,250 | $73,950 |
| 7 Persons | $40,120 | $49,450 | $79,050 |
| 8 Persons | $44,660 | $52,650 | $84,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Blacksburg, VA?+
The Fair Market Rent (FMR) for Montgomery County, VA is: $993 (Studio), $999 (1BR), $1261 (2BR), $1721 (3BR), $2140 (4BR). Actual rent at subsidized properties like Cedar Crest I is typically 30% of household income or less.
What size apartments are available at Cedar Crest I?+
Cedar Crest I offers the following unit types: 6 Two-Bedroom, 20 Three-Bedroom units, for a total of 26 units.
What are the income limits for affordable housing in Montgomery County, VA?+
For a 4-person household in Montgomery County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,850, Low Income (80% AMI): $63,750. These limits are set by HUD and updated annually.
Who manages Cedar Crest I?+
Cedar Crest I is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Blacksburg, VA?+
Based on Fair Market Rent for Montgomery County, the estimated price range is: 2-bedroom: $1261, 3-bedroom: $1721. Actual rent at Cedar Crest I may be lower for income-eligible households.
How do I apply for housing at Cedar Crest I?+
Cedar Crest I 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
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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