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 |
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.
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.
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.