About This Property
Cedar Crest II offers 24 low-income units in Blacksburg designed to serve families, with a mix of eight 2-bedroom and sixteen 3-bedroom apartments. The property has been in service since 2000 and operates with 9% Low-Income Housing Tax Credit financing. 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 Ii is typically 30% of household income or less.
What size apartments are available at Cedar Crest Ii?+
Cedar Crest Ii offers the following unit types: 8 Two-Bedroom, 16 Three-Bedroom units, for a total of 24 units.
How do I apply for housing at Cedar Crest Ii?+
Cedar Crest Ii 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 Cedar Crest Ii?+
Cedar Crest Ii 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 Ii may be lower for income-eligible households.
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 is eligible to live at Cedar Crest Ii?+
Cedar Crest Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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