About This Property
Elkhorn Tower offers 101 low-income residential units in Welch, West Virginia, serving elderly and disabled residents. The property, which has been in service since 2002, contains 100 one-bedroom units and one two-bedroom unit. Professional management oversees the day-to-day operations of this affordable housing community.
Property Details
Fair Market Rent - McDowell 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 | $668 |
| 1 Bedroom | $673 |
| 2 Bedroom | $848 |
| 3 Bedroom | $1,117 |
| 4 Bedroom | $1,129 |
Income Limits - McDowell County, WV
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,200
- Low (80%)
- $30,700
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,950
- Low (80%)
- $35,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,700
- Low (80%)
- $39,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,400
- Low (80%)
- $43,850
- Extremely Low (30%)
- $29,600
- Very Low (50%)
- $29,600
- Low (80%)
- $47,400
- Extremely Low (30%)
- $31,800
- Very Low (50%)
- $31,800
- Low (80%)
- $50,900
- Extremely Low (30%)
- $34,000
- Very Low (50%)
- $34,000
- Low (80%)
- $54,400
- Extremely Low (30%)
- $36,200
- Very Low (50%)
- $36,200
- Low (80%)
- $57,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,200 | $30,700 |
| 2 Persons | $17,420 | $21,950 | $35,100 |
| 3 Persons | $21,960 | $24,700 | $39,500 |
| 4 Persons | $26,500 | $27,400 | $43,850 |
| 5 Persons | $29,600 | $29,600 | $47,400 |
| 6 Persons | $31,800 | $31,800 | $50,900 |
| 7 Persons | $34,000 | $34,000 | $54,400 |
| 8 Persons | $36,200 | $36,200 | $57,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Welch, WV?+
The Fair Market Rent (FMR) for McDowell County, WV is: $668 (Studio), $673 (1BR), $848 (2BR), $1117 (3BR), $1129 (4BR). Actual rent at subsidized properties like Elkhorn Tower is typically 30% of household income or less.
What size apartments are available at Elkhorn Tower?+
Elkhorn Tower offers the following unit types: 100 One-Bedroom, 1 Two-Bedroom units, for a total of 101 units.
What is the price range for apartments in Welch, WV?+
Based on Fair Market Rent for McDowell County, the estimated price range is: 1-bedroom: $673, 2-bedroom: $848. Actual rent at Elkhorn Tower may be lower for income-eligible households.
What are the income limits for affordable housing in McDowell County, WV?+
For a 4-person household in McDowell County, WV, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,400, Low Income (80% AMI): $43,850. These limits are set by HUD and updated annually.
Who is eligible to live at Elkhorn Tower?+
Elkhorn Tower primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Elkhorn Tower?+
Elkhorn Tower is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Elkhorn Tower?+
Elkhorn Tower 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.
Walk Score
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Nearby Schools
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