About This Property
Henley Place comprises 41 low-income units in Christiansburg, Virginia, serving families with a mix of two-, three-, and four-bedroom apartments. The property has been in service since 2007 and is supported by 9% Low-Income Housing Tax Credits. The unit distribution includes 9 two-bedroom, 27 three-bedroom, and 5 four-bedroom units.
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 Christiansburg, 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 Henley Place is typically 30% of household income or less.
What size apartments are available at Henley Place?+
Henley Place offers the following unit types: 9 Two-Bedroom, 27 Three-Bedroom, 5 Four-Bedroom units, for a total of 41 units.
Who manages Henley Place?+
Henley Place is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Christiansburg, VA?+
Based on Fair Market Rent for Montgomery County, the estimated price range is: 2-bedroom: $1261, 3-bedroom: $1721. Actual rent at Henley Place 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.
How do I apply for housing at Henley Place?+
Henley Place 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 is eligible to live at Henley Place?+
Henley Place primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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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