About This Property
Cedar Crest III is a 28-unit apartment community in Blacksburg, Virginia that serves low-income families. The property includes 2 one-bedroom units, 21 two-bedroom units, and 4 three-bedroom units, and has been in service since 2005. It is non-profit owned and financed through the 9% Low-Income Housing Tax Credit program.
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 Iii is typically 30% of household income or less.
What size apartments are available at Cedar Crest Iii?+
Cedar Crest Iii offers the following unit types: 2 One-Bedroom, 21 Two-Bedroom, 4 Three-Bedroom units, for a total of 28 units.
How do I apply for housing at Cedar Crest Iii?+
Cedar Crest Iii 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 Iii?+
Cedar Crest Iii is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Cedar Crest Iii?+
Cedar Crest Iii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Blacksburg, VA?+
Based on Fair Market Rent for Montgomery County, the estimated price range is: 1-bedroom: $999, 2-bedroom: $1261, 3-bedroom: $1721. Actual rent at Cedar Crest Iii 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.
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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