About This Property
Meadows Apts is a 40-unit affordable housing community in Farmville, Virginia serving low-income families. The property has been in service since 2009 and is funded through 9% Low-Income Housing Tax Credits. A non-profit organization owns and operates the community.
Property Details
Fair Market Rent - Prince Edward 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 | $856 |
| 1 Bedroom | $880 |
| 2 Bedroom | $1,048 |
| 3 Bedroom | $1,267 |
| 4 Bedroom | $1,396 |
Income Limits - Prince Edward County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,300
- Very Low (50%)
- $22,200
- Low (80%)
- $35,500
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,400
- Low (80%)
- $40,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,550
- Low (80%)
- $45,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,700
- Low (80%)
- $50,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,250
- Low (80%)
- $54,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,800
- Low (80%)
- $58,850
- Extremely Low (30%)
- $39,350
- Very Low (50%)
- $39,350
- Low (80%)
- $62,900
- Extremely Low (30%)
- $41,850
- Very Low (50%)
- $41,850
- Low (80%)
- $66,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,300 | $22,200 | $35,500 |
| 2 Persons | $17,420 | $25,400 | $40,600 |
| 3 Persons | $21,960 | $28,550 | $45,650 |
| 4 Persons | $26,500 | $31,700 | $50,700 |
| 5 Persons | $31,040 | $34,250 | $54,800 |
| 6 Persons | $35,580 | $36,800 | $58,850 |
| 7 Persons | $39,350 | $39,350 | $62,900 |
| 8 Persons | $41,850 | $41,850 | $66,950 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Farmville, VA?+
The Fair Market Rent (FMR) for Prince Edward County, VA is: $856 (Studio), $880 (1BR), $1048 (2BR), $1267 (3BR), $1396 (4BR). Actual rent at subsidized properties like Meadows Apts (Farmville) is typically 30% of household income or less.
What are the income limits for affordable housing in Prince Edward County, VA?+
For a 4-person household in Prince Edward County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,700, Low Income (80% AMI): $50,700. These limits are set by HUD and updated annually.
Who is eligible to live at Meadows Apts (Farmville)?+
Meadows Apts (Farmville) primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Meadows Apts (Farmville)?+
Meadows Apts (Farmville) is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Meadows Apts (Farmville)?+
Meadows Apts (Farmville) is managed by . You can reach them at .
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.