About This Property
Plum Hill Terrace Apts Phase I offers 24 low-income residential units in Masontown, West Virginia. The property contains 22 one-bedroom and 2 two-bedroom units and has been in service since 1991. This development is financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Preston 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 | $857 |
| 1 Bedroom | $862 |
| 2 Bedroom | $1,078 |
| 3 Bedroom | $1,346 |
| 4 Bedroom | $1,829 |
Income Limits - Preston County, WV
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,000
- Very Low (50%)
- $26,700
- Low (80%)
- $42,700
- Extremely Low (30%)
- $18,300
- Very Low (50%)
- $30,500
- Low (80%)
- $48,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,300
- Low (80%)
- $54,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,100
- Low (80%)
- $60,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,150
- Low (80%)
- $65,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,200
- Low (80%)
- $70,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,250
- Low (80%)
- $75,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,300
- Low (80%)
- $80,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,000 | $26,700 | $42,700 |
| 2 Persons | $18,300 | $30,500 | $48,800 |
| 3 Persons | $21,960 | $34,300 | $54,900 |
| 4 Persons | $26,500 | $38,100 | $60,950 |
| 5 Persons | $31,040 | $41,150 | $65,850 |
| 6 Persons | $35,580 | $44,200 | $70,750 |
| 7 Persons | $40,120 | $47,250 | $75,600 |
| 8 Persons | $44,660 | $50,300 | $80,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Masontown, WV?+
The Fair Market Rent (FMR) for Preston County, WV is: $857 (Studio), $862 (1BR), $1078 (2BR), $1346 (3BR), $1829 (4BR). Actual rent at subsidized properties like Plum Hill Terrace Apts Phase I is typically 30% of household income or less.
What size apartments are available at Plum Hill Terrace Apts Phase I?+
Plum Hill Terrace Apts Phase I offers the following unit types: 22 One-Bedroom, 2 Two-Bedroom units, for a total of 24 units.
Who manages Plum Hill Terrace Apts Phase I?+
Plum Hill Terrace Apts Phase I is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Preston County, WV?+
For a 4-person household in Preston County, WV, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,100, Low Income (80% AMI): $60,950. These limits are set by HUD and updated annually.
How do I apply for housing at Plum Hill Terrace Apts Phase I?+
Plum Hill Terrace Apts Phase I 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 Masontown, WV?+
Based on Fair Market Rent for Preston County, the estimated price range is: 1-bedroom: $862, 2-bedroom: $1078. Actual rent at Plum Hill Terrace Apts Phase I may be lower for income-eligible households.