About This Property
Victory Place provides 50 low-income rental units in Barboursville, West Virginia, serving elderly residents. The property, which has been in service since 2005, offers a mix of one-, two-, and three-bedroom apartments, with 8 one-bedroom, 22 two-bedroom, and 20 three-bedroom units available. Victory Place is financed through 9% Low-Income Housing Tax Credits and is operated by a non-profit organization.
Property Details
Fair Market Rent - Cabell County, WV
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $793 |
| 1 Bedroom | $815 |
| 2 Bedroom | $938 |
| 3 Bedroom | $1,236 |
| 4 Bedroom | $1,431 |
Income Limits - Cabell County, WV
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,050
- Very Low (50%)
- $21,700
- Low (80%)
- $34,750
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,800
- Low (80%)
- $39,700
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,900
- Low (80%)
- $44,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,000
- Low (80%)
- $49,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,500
- Low (80%)
- $53,600
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,000
- Low (80%)
- $57,550
- Extremely Low (30%)
- $38,450
- Very Low (50%)
- $38,450
- Low (80%)
- $61,550
- Extremely Low (30%)
- $40,950
- Very Low (50%)
- $40,950
- Low (80%)
- $65,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,050 | $21,700 | $34,750 |
| 2 Persons | $17,420 | $24,800 | $39,700 |
| 3 Persons | $21,960 | $27,900 | $44,650 |
| 4 Persons | $26,500 | $31,000 | $49,600 |
| 5 Persons | $31,040 | $33,500 | $53,600 |
| 6 Persons | $35,580 | $36,000 | $57,550 |
| 7 Persons | $38,450 | $38,450 | $61,550 |
| 8 Persons | $40,950 | $40,950 | $65,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Barboursville, WV?+
The Fair Market Rent (FMR) for Cabell County, WV is: $793 (Studio), $815 (1BR), $938 (2BR), $1236 (3BR), $1431 (4BR). Actual rent at subsidized properties like Victory Place is typically 30% of household income or less.
What size apartments are available at Victory Place?+
Victory Place offers the following unit types: 8 One-Bedroom, 22 Two-Bedroom, 20 Three-Bedroom units, for a total of 50 units.
Who is eligible to live at Victory Place?+
Victory Place primarily serves elderly residents. 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 Cabell County, WV?+
For a 4-person household in Cabell County, WV, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,000, Low Income (80% AMI): $49,600. These limits are set by HUD and updated annually.
How do I apply for housing at Victory Place?+
Victory Place 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.
What is the price range for apartments in Barboursville, WV?+
Based on Fair Market Rent for Cabell County, the estimated price range is: 1-bedroom: $815, 2-bedroom: $938, 3-bedroom: $1236. Actual rent at Victory Place may be lower for income-eligible households.
Who manages Victory Place?+
Victory Place is managed by . You can reach them at . Visit their website for more information.
Contact Information
Location
Cabell County, WV
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