About This Property
Congress Street provides 38 low-income rental units in New Market, VA, serving families with a mix of one-, two-, and three-bedroom apartments. The property has been in service since 2001 and operates with 9% Low-Income Housing Tax Credit financing. The unit mix includes 4 one-bedroom, 26 two-bedroom, and 8 three-bedroom units.
Property Details
Fair Market Rent - Shenandoah 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 | $754 |
| 1 Bedroom | $848 |
| 2 Bedroom | $1,113 |
| 3 Bedroom | $1,488 |
| 4 Bedroom | $1,494 |
Income Limits - Shenandoah County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,700
- Very Low (50%)
- $24,450
- Low (80%)
- $39,100
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,950
- Low (80%)
- $44,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,450
- Low (80%)
- $50,300
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,900
- Low (80%)
- $55,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,700
- Low (80%)
- $60,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,500
- Low (80%)
- $64,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,300
- Low (80%)
- $69,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,100
- Low (80%)
- $73,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,700 | $24,450 | $39,100 |
| 2 Persons | $17,420 | $27,950 | $44,700 |
| 3 Persons | $21,960 | $31,450 | $50,300 |
| 4 Persons | $26,500 | $34,900 | $55,850 |
| 5 Persons | $31,040 | $37,700 | $60,350 |
| 6 Persons | $35,580 | $40,500 | $64,800 |
| 7 Persons | $40,120 | $43,300 | $69,300 |
| 8 Persons | $44,660 | $46,100 | $73,750 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in New Market, VA?+
The Fair Market Rent (FMR) for Shenandoah County, VA is: $754 (Studio), $848 (1BR), $1113 (2BR), $1488 (3BR), $1494 (4BR). Actual rent at subsidized properties like Congress Street is typically 30% of household income or less.
What size apartments are available at Congress Street?+
Congress Street offers the following unit types: 4 One-Bedroom, 26 Two-Bedroom, 8 Three-Bedroom units, for a total of 38 units.
How do I apply for housing at Congress Street?+
Congress Street 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 is eligible to live at Congress Street?+
Congress Street primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Shenandoah County, VA?+
For a 4-person household in Shenandoah County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,900, Low Income (80% AMI): $55,850. These limits are set by HUD and updated annually.
What is the price range for apartments in New Market, VA?+
Based on Fair Market Rent for Shenandoah County, the estimated price range is: 1-bedroom: $848, 2-bedroom: $1113, 3-bedroom: $1488. Actual rent at Congress Street may be lower for income-eligible households.
Who manages Congress Street?+
Congress Street is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
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