About This Property
Colonial Ridge offers 40 low-income units in Gretna, Virginia, serving elderly residents. The property includes 38 one-bedroom and two two-bedroom units and has been in service since 1995. The development is financed through 9% Low-Income Housing Tax Credits and is managed by [management company name].
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 Gretna, 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 Colonial Ridge is typically 30% of household income or less.
What size apartments are available at Colonial Ridge?+
Colonial Ridge offers the following unit types: 38 One-Bedroom, 2 Two-Bedroom units, for a total of 40 units.
Who is eligible to live at Colonial Ridge?+
Colonial Ridge primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Colonial Ridge?+
Colonial Ridge is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Colonial Ridge?+
Colonial 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.
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.
What is the price range for apartments in Gretna, VA?+
Based on Fair Market Rent for Pittsylvania County, the estimated price range is: 1-bedroom: $719, 2-bedroom: $905. Actual rent at Colonial Ridge may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.