About This Property
Surry Village II comprises 32 low-income residential units in Spring Grove, Virginia, with a mix of eight one-bedroom and twenty-four two-bedroom apartments. The property was placed in service in 2016 and is financed through 9% Low-Income Housing Tax Credits. The community serves families and is operated as a non-profit owned property.
Property Details
Fair Market Rent - Surry 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 | $725 |
| 1 Bedroom | $730 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,275 |
| 4 Bedroom | $1,536 |
Income Limits - Surry County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,250
- Very Low (50%)
- $23,750
- Low (80%)
- $38,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,150
- Low (80%)
- $43,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,550
- Low (80%)
- $48,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,900
- Low (80%)
- $54,250
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,650
- Low (80%)
- $58,600
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,350
- Low (80%)
- $62,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,050
- Low (80%)
- $67,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $44,750
- Low (80%)
- $71,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,250 | $23,750 | $38,000 |
| 2 Persons | $17,420 | $27,150 | $43,400 |
| 3 Persons | $21,960 | $30,550 | $48,850 |
| 4 Persons | $26,500 | $33,900 | $54,250 |
| 5 Persons | $31,040 | $36,650 | $58,600 |
| 6 Persons | $35,580 | $39,350 | $62,950 |
| 7 Persons | $40,120 | $42,050 | $67,300 |
| 8 Persons | $44,660 | $44,750 | $71,650 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Spring Grove, VA?+
The Fair Market Rent (FMR) for Surry County, VA is: $725 (Studio), $730 (1BR), $905 (2BR), $1275 (3BR), $1536 (4BR). Actual rent at subsidized properties like Surry Village Ii is typically 30% of household income or less.
What size apartments are available at Surry Village Ii?+
Surry Village Ii offers the following unit types: 8 One-Bedroom, 24 Two-Bedroom units, for a total of 32 units.
What is the price range for apartments in Spring Grove, VA?+
Based on Fair Market Rent for Surry County, the estimated price range is: 1-bedroom: $730, 2-bedroom: $905. Actual rent at Surry Village Ii may be lower for income-eligible households.
Who is eligible to live at Surry Village Ii?+
Surry Village Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Surry Village Ii?+
Surry Village Ii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Surry Village Ii?+
Surry Village Ii is managed by . You can reach them at .
What are the income limits for affordable housing in Surry County, VA?+
For a 4-person household in Surry County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,900, Low Income (80% AMI): $54,250. These limits are set by HUD and updated annually.
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