About This Property
Lovingston Ridge Apts comprises 64 low-income units in Lovingston, VA, with a mix of 32 one-bedroom and 32 two-bedroom apartments serving families. The property was placed in service in 2014 and utilizes 9% Low-Income Housing Tax Credits to provide affordable housing in Nelson County. The community is non-profit owned and operated.
Property Details
Fair Market Rent - Nelson 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 | $1,392 |
| 1 Bedroom | $1,415 |
| 2 Bedroom | $1,678 |
| 3 Bedroom | $2,114 |
| 4 Bedroom | $2,608 |
Income Limits - Nelson County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,700
- Very Low (50%)
- $32,800
- Low (80%)
- $52,500
- Extremely Low (30%)
- $22,500
- Very Low (50%)
- $37,500
- Low (80%)
- $60,000
- Extremely Low (30%)
- $25,300
- Very Low (50%)
- $42,200
- Low (80%)
- $67,500
- Extremely Low (30%)
- $28,100
- Very Low (50%)
- $46,850
- Low (80%)
- $74,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $50,600
- Low (80%)
- $80,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,350
- Low (80%)
- $86,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $58,100
- Low (80%)
- $92,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $61,850
- Low (80%)
- $98,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,700 | $32,800 | $52,500 |
| 2 Persons | $22,500 | $37,500 | $60,000 |
| 3 Persons | $25,300 | $42,200 | $67,500 |
| 4 Persons | $28,100 | $46,850 | $74,950 |
| 5 Persons | $31,040 | $50,600 | $80,950 |
| 6 Persons | $35,580 | $54,350 | $86,950 |
| 7 Persons | $40,120 | $58,100 | $92,950 |
| 8 Persons | $44,660 | $61,850 | $98,950 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lovingston, VA?+
The Fair Market Rent (FMR) for Nelson County, VA is: $1392 (Studio), $1415 (1BR), $1678 (2BR), $2114 (3BR), $2608 (4BR). Actual rent at subsidized properties like Lovingston Ridge Apts is typically 30% of household income or less.
What size apartments are available at Lovingston Ridge Apts?+
Lovingston Ridge Apts offers the following unit types: 32 One-Bedroom, 32 Two-Bedroom units, for a total of 64 units.
How do I apply for housing at Lovingston Ridge Apts?+
Lovingston Ridge Apts 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 Lovingston Ridge Apts?+
Lovingston Ridge Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Nelson County, VA?+
For a 4-person household in Nelson County, VA, the income limits are: Extremely Low Income (30% AMI): $28,100, Very Low Income (50% AMI): $46,850, Low Income (80% AMI): $74,950. These limits are set by HUD and updated annually.
Who is eligible to live at Lovingston Ridge Apts?+
Lovingston Ridge Apts 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 Lovingston, VA?+
Based on Fair Market Rent for Nelson County, the estimated price range is: 1-bedroom: $1415, 2-bedroom: $1678. Actual rent at Lovingston Ridge Apts may be lower for income-eligible households.
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.