About This Property
Raphine Apts/Willow Lake comprises 23 low-income rental units in Raphine, Virginia, within Rockbridge County. The property has been in service since 1990 and receives 4% Low-Income Housing Tax Credit financing. A property manager oversees day-to-day operations at the community.
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 Raphine, 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 Raphine Apts/ Willow Lake 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 manages Raphine Apts/ Willow Lake?+
Raphine Apts/ Willow Lake is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Raphine Apts/ Willow Lake?+
Raphine Apts/ Willow Lake 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.