About This Property
Commonwealth Apts offers 26 low-income units in Wise, VA, comprising ten 1-bedroom and sixteen 2-bedroom apartments that serve families. The property has been in service since 2012 and is supported through 9% Low-Income Housing Tax Credits. Contact information and management details are available upon inquiry.
Property Details
Fair Market Rent - Wise 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 | $730 |
| 1 Bedroom | $734 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,234 |
| 4 Bedroom | $1,536 |
Income Limits - Wise County, VA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,900
- Low (80%)
- $33,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,900
- Low (80%)
- $38,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,900
- Low (80%)
- $43,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,850
- Low (80%)
- $47,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,250
- Low (80%)
- $51,600
- Extremely Low (30%)
- $34,650
- Very Low (50%)
- $34,650
- Low (80%)
- $55,400
- Extremely Low (30%)
- $37,050
- Very Low (50%)
- $37,050
- Low (80%)
- $59,250
- Extremely Low (30%)
- $39,450
- Very Low (50%)
- $39,450
- Low (80%)
- $63,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,900 | $33,450 |
| 2 Persons | $17,420 | $23,900 | $38,200 |
| 3 Persons | $21,960 | $26,900 | $43,000 |
| 4 Persons | $26,500 | $29,850 | $47,750 |
| 5 Persons | $31,040 | $32,250 | $51,600 |
| 6 Persons | $34,650 | $34,650 | $55,400 |
| 7 Persons | $37,050 | $37,050 | $59,250 |
| 8 Persons | $39,450 | $39,450 | $63,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Wise, VA?+
The Fair Market Rent (FMR) for Wise County, VA is: $730 (Studio), $734 (1BR), $905 (2BR), $1234 (3BR), $1536 (4BR). Actual rent at subsidized properties like Commonwealth Apts is typically 30% of household income or less.
What size apartments are available at Commonwealth Apts?+
Commonwealth Apts offers the following unit types: 10 One-Bedroom, 16 Two-Bedroom units, for a total of 26 units.
What is the price range for apartments in Wise, VA?+
Based on Fair Market Rent for Wise County, the estimated price range is: 1-bedroom: $734, 2-bedroom: $905. Actual rent at Commonwealth Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Wise County, VA?+
For a 4-person household in Wise County, VA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,850, Low Income (80% AMI): $47,750. These limits are set by HUD and updated annually.
How do I apply for housing at Commonwealth Apts?+
Commonwealth Apts 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 Commonwealth Apts?+
Commonwealth Apts is managed by . You can reach them at .
Who is eligible to live at Commonwealth Apts?+
Commonwealth Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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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