About This Property
Milnwood Village comprises 40 one-bedroom units in Farmville, Virginia, serving elderly residents under the Low-Income Housing Tax Credit program. The community was placed in service in 2018 and operates as a low-income housing property. All 40 units serve households meeting low-income eligibility requirements.
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 |
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 Milnwood Village is typically 30% of household income or less.
What size apartments are available at Milnwood Village?+
Milnwood Village offers the following unit types: 40 One-Bedroom units, for a total of 40 units.
Who is eligible to live at Milnwood Village?+
Milnwood Village primarily serves elderly residents. 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 Farmville, VA?+
Based on Fair Market Rent for Prince Edward County, the estimated price range is: 1-bedroom: $880. Actual rent at Milnwood Village may be lower for income-eligible households.
How do I apply for housing at Milnwood Village?+
Milnwood Village 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 Milnwood Village?+
Milnwood Village is managed by . You can reach them at . Visit their website for more information.
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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.