About This Property
Smokey Ridge contains 52 low-income units in Christiansburg, Virginia, serving families with a unit mix of 46 two-bedroom and 6 three-bedroom apartments. The property, placed in service in 2016, is non-profit owned and financed through HOME funding and 9% LIHTC credits. Management and leasing information are available by contacting the property directly.
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 Smokey Ridge is typically 30% of household income or less.
What size apartments are available at Smokey Ridge?+
Smokey Ridge offers the following unit types: 46 Two-Bedroom, 6 Three-Bedroom units, for a total of 52 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 is eligible to live at Smokey Ridge?+
Smokey Ridge 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 Christiansburg, VA?+
Based on Fair Market Rent for Montgomery County, the estimated price range is: 2-bedroom: $1261, 3-bedroom: $1721. Actual rent at Smokey Ridge may be lower for income-eligible households.
How do I apply for housing at Smokey Ridge?+
Smokey Ridge 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 Smokey Ridge?+
Smokey Ridge is managed by . You can reach them at . Visit their website for more information.
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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