About This Property
Meadows At Salem Run II offers 80 low-income units in Fredericksburg, Virginia, serving elderly residents through the Low-Income Housing Tax Credit program. The property contains 57 one-bedroom and 23 two-bedroom units and has been in service since 2001. This non-profit owned community is funded through 9% LIHTC credits.
Property Details
Fair Market Rent - Spotsylvania 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 | $1,772 |
| 1 Bedroom | $1,803 |
| 2 Bedroom | $2,045 |
| 3 Bedroom | $2,544 |
| 4 Bedroom | $3,015 |
Income Limits - Spotsylvania County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $27,100
- Very Low (50%)
- $45,150
- Low (80%)
- $57,650
- Extremely Low (30%)
- $31,000
- Very Low (50%)
- $51,600
- Low (80%)
- $65,850
- Extremely Low (30%)
- $34,850
- Very Low (50%)
- $58,050
- Low (80%)
- $74,100
- Extremely Low (30%)
- $38,700
- Very Low (50%)
- $64,500
- Low (80%)
- $82,300
- Extremely Low (30%)
- $41,800
- Very Low (50%)
- $69,700
- Low (80%)
- $88,900
- Extremely Low (30%)
- $44,900
- Very Low (50%)
- $74,850
- Low (80%)
- $95,500
- Extremely Low (30%)
- $48,000
- Very Low (50%)
- $80,000
- Low (80%)
- $102,100
- Extremely Low (30%)
- $51,100
- Very Low (50%)
- $85,150
- Low (80%)
- $108,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $27,100 | $45,150 | $57,650 |
| 2 Persons | $31,000 | $51,600 | $65,850 |
| 3 Persons | $34,850 | $58,050 | $74,100 |
| 4 Persons | $38,700 | $64,500 | $82,300 |
| 5 Persons | $41,800 | $69,700 | $88,900 |
| 6 Persons | $44,900 | $74,850 | $95,500 |
| 7 Persons | $48,000 | $80,000 | $102,100 |
| 8 Persons | $51,100 | $85,150 | $108,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fredericksburg, VA?+
The Fair Market Rent (FMR) for Spotsylvania County, VA is: $1772 (Studio), $1803 (1BR), $2045 (2BR), $2544 (3BR), $3015 (4BR). Actual rent at subsidized properties like Meadows At Salem Run Ii is typically 30% of household income or less.
What size apartments are available at Meadows At Salem Run Ii?+
Meadows At Salem Run Ii offers the following unit types: 57 One-Bedroom, 23 Two-Bedroom units, for a total of 80 units.
Who is eligible to live at Meadows At Salem Run Ii?+
Meadows At Salem Run Ii 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 Fredericksburg, VA?+
Based on Fair Market Rent for Spotsylvania County, the estimated price range is: 1-bedroom: $1803, 2-bedroom: $2045. Actual rent at Meadows At Salem Run Ii may be lower for income-eligible households.
What are the income limits for affordable housing in Spotsylvania County, VA?+
For a 4-person household in Spotsylvania County, VA, the income limits are: Extremely Low Income (30% AMI): $38,700, Very Low Income (50% AMI): $64,500, Low Income (80% AMI): $82,300. These limits are set by HUD and updated annually.
How do I apply for housing at Meadows At Salem Run Ii?+
Meadows At Salem Run Ii 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 Meadows At Salem Run Ii?+
Meadows At Salem Run Ii is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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