About This Property
Parks of Chatham contains 39 one-bedroom units designated for low-income elderly residents in Chatham, Virginia. The property has been in service since 1996 and receives 9% Low-Income Housing Tax Credit financing. Residents pay rent based on their income level.
Property Details
Fair Market Rent - Pittsylvania 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 | $613 |
| 1 Bedroom | $719 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,228 |
| 4 Bedroom | $1,353 |
Income Limits - Pittsylvania County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,900
- Low (80%)
- $33,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,900
- Low (80%)
- $38,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,900
- Low (80%)
- $43,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,850
- Low (80%)
- $47,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,250
- Low (80%)
- $51,600
- Extremely Low (30%)
- $34,650
- Very Low (50%)
- $34,650
- Low (80%)
- $55,400
- Extremely Low (30%)
- $37,050
- Very Low (50%)
- $37,050
- Low (80%)
- $59,250
- Extremely Low (30%)
- $39,450
- Very Low (50%)
- $39,450
- Low (80%)
- $63,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,900 | $33,450 |
| 2 Persons | $17,420 | $23,900 | $38,200 |
| 3 Persons | $21,960 | $26,900 | $43,000 |
| 4 Persons | $26,500 | $29,850 | $47,750 |
| 5 Persons | $31,040 | $32,250 | $51,600 |
| 6 Persons | $34,650 | $34,650 | $55,400 |
| 7 Persons | $37,050 | $37,050 | $59,250 |
| 8 Persons | $39,450 | $39,450 | $63,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Chatham, VA?+
The Fair Market Rent (FMR) for Pittsylvania County, VA is: $613 (Studio), $719 (1BR), $905 (2BR), $1228 (3BR), $1353 (4BR). Actual rent at subsidized properties like Parks of Chatham is typically 30% of household income or less.
What size apartments are available at Parks of Chatham?+
Parks of Chatham offers the following unit types: 39 One-Bedroom units, for a total of 39 units.
What is the price range for apartments in Chatham, VA?+
Based on Fair Market Rent for Pittsylvania County, the estimated price range is: 1-bedroom: $719. Actual rent at Parks of Chatham may be lower for income-eligible households.
Who is eligible to live at Parks of Chatham?+
Parks of Chatham primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Parks of Chatham?+
Parks of Chatham is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Pittsylvania County, VA?+
For a 4-person household in Pittsylvania County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,850, Low Income (80% AMI): $47,750. These limits are set by HUD and updated annually.
How do I apply for housing at Parks of Chatham?+
Parks of Chatham 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.
Walk Score
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Nearby Schools
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