About This Property
Plum Hill Terrace Apts Phase II contains 20 low-income units in Masontown, West Virginia, with an 18 one-bedroom and 2 two-bedroom unit mix. The property has been in service since 1995 and utilizes 4% Low-Income Housing Tax Credit financing.
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 |
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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 Ii is typically 30% of household income or less.
What size apartments are available at Plum Hill Terrace Apts Phase Ii?+
Plum Hill Terrace Apts Phase Ii offers the following unit types: 18 One-Bedroom, 2 Two-Bedroom units, for a total of 20 units.
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 Ii?+
Plum Hill Terrace Apts Phase Ii 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 Plum Hill Terrace Apts Phase Ii?+
Plum Hill Terrace Apts Phase Ii is managed by . You can reach them at . Visit their website for more information.
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 Ii may be lower for income-eligible households.