About This Property
Hunt Ridge I offers 46 low-income units in Lexington, Virginia and has served families since its placement in service in 2008. The property utilizes 9% Low-Income Housing Tax Credits to support its affordability mission. This Rockbridge County community provides rental housing for eligible households.
Property Details
Fair Market Rent - Rockbridge 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 | $772 |
| 1 Bedroom | $842 |
| 2 Bedroom | $945 |
| 3 Bedroom | $1,332 |
| 4 Bedroom | $1,466 |
Income Limits - Rockbridge County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,450
- Low (80%)
- $34,300
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,500
- Low (80%)
- $39,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,550
- Low (80%)
- $44,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,600
- Low (80%)
- $48,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,050
- Low (80%)
- $52,900
- Extremely Low (30%)
- $35,500
- Very Low (50%)
- $35,500
- Low (80%)
- $56,800
- Extremely Low (30%)
- $37,950
- Very Low (50%)
- $37,950
- Low (80%)
- $60,700
- Extremely Low (30%)
- $40,400
- Very Low (50%)
- $40,400
- Low (80%)
- $64,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,450 | $34,300 |
| 2 Persons | $17,420 | $24,500 | $39,200 |
| 3 Persons | $21,960 | $27,550 | $44,100 |
| 4 Persons | $26,500 | $30,600 | $48,950 |
| 5 Persons | $31,040 | $33,050 | $52,900 |
| 6 Persons | $35,500 | $35,500 | $56,800 |
| 7 Persons | $37,950 | $37,950 | $60,700 |
| 8 Persons | $40,400 | $40,400 | $64,650 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lexington, VA?+
The Fair Market Rent (FMR) for Rockbridge County, VA is: $772 (Studio), $842 (1BR), $945 (2BR), $1332 (3BR), $1466 (4BR). Actual rent at subsidized properties like Hunt Ridge I is typically 30% of household income or less.
What are the income limits for affordable housing in Rockbridge County, VA?+
For a 4-person household in Rockbridge County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,600, Low Income (80% AMI): $48,950. These limits are set by HUD and updated annually.
Who is eligible to live at Hunt Ridge I?+
Hunt Ridge I primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Hunt Ridge I?+
Hunt Ridge I is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Hunt Ridge I?+
Hunt Ridge I 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
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.