About This Property
Rose Mary/Reddy Apts comprises 16 one-bedroom units designated as low-income housing in Summersville, WV. The property has been in service since 1990 and operates under 4% Low-Income Housing Tax Credit financing. All 16 units serve low-income residents in Nicholas County.
Property Details
Fair Market Rent - Nicholas 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 | $679 |
| 1 Bedroom | $690 |
| 2 Bedroom | $848 |
| 3 Bedroom | $1,195 |
| 4 Bedroom | $1,208 |
Income Limits - Nicholas 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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Summersville, WV?+
The Fair Market Rent (FMR) for Nicholas County, WV is: $679 (Studio), $690 (1BR), $848 (2BR), $1195 (3BR), $1208 (4BR). Actual rent at subsidized properties like Rose Mary/Reddy Apts is typically 30% of household income or less.
What size apartments are available at Rose Mary/Reddy Apts?+
Rose Mary/Reddy Apts offers the following unit types: 16 One-Bedroom units, for a total of 16 units.
How do I apply for housing at Rose Mary/Reddy Apts?+
Rose Mary/Reddy Apts 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 are the income limits for affordable housing in Nicholas County, WV?+
For a 4-person household in Nicholas 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.
What is the price range for apartments in Summersville, WV?+
Based on Fair Market Rent for Nicholas County, the estimated price range is: 1-bedroom: $690. Actual rent at Rose Mary/Reddy Apts may be lower for income-eligible households.
Who manages Rose Mary/Reddy Apts?+
Rose Mary/Reddy Apts is managed by . You can reach them at . Visit their website for more information.