About This Property
Wvco - Franklin comprises 5 studio units designated for low-income households in Franklin, West Virginia. The property has been in service since 1990 and utilizes 9% Low-Income Housing Tax Credits to support affordability. All units serve residents with low incomes.
Property Details
Fair Market Rent - Pendleton 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 | $685 |
| 2 Bedroom | $848 |
| 3 Bedroom | $1,195 |
| 4 Bedroom | $1,320 |
Income Limits - Pendleton 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 Franklin, WV?+
The Fair Market Rent (FMR) for Pendleton County, WV is: $679 (Studio), $685 (1BR), $848 (2BR), $1195 (3BR), $1320 (4BR). Actual rent at subsidized properties like Wvco - Franklin is typically 30% of household income or less.
What size apartments are available at Wvco - Franklin?+
Wvco - Franklin offers the following unit types: 5 Studio units, for a total of 5 units.
What are the income limits for affordable housing in Pendleton County, WV?+
For a 4-person household in Pendleton 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.
How do I apply for housing at Wvco - Franklin?+
Wvco - Franklin 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.
Who manages Wvco - Franklin?+
Wvco - Franklin is managed by . You can reach them at . Visit their website for more information.