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Banner Image at The Village at England Run, Fredericksburg

Income Limits

HOUSING TAX CREDIT PROGRAM

THE LIFESTYLE YOU DESERVE AT A PRICE YOU CAN AFFORD


This affordable housing program is for individuals and families with moderate incomes allowing below market rents for those who qualify. The program is not a subsidized housing program as each resident is responsible for their full amount of rent each month. Rental amounts are based on the pre-set income limits in the geographic area and not based on your individual household income. To be income eligible, your total household 'gross' income must be less than the pre-set income limit for the area.

Income Limits: 50%


Minimum Income Limits

2 Bedroom: $47,850
3 Bedroom: $54,960
4 Bedroom: $60,480


Maximum Income Limits

1 Occupant $57,400
2 Occupants $65,600
3 Occupants $73,800
4 Occupants $81,950
5 Occupants $88,550
6 Occupants $95,100
7 Occupants $101,650
8 Occupants $101,650

Income Limits