Magnolia Place

701 Church Street, Blackstone, Virginia 23824

Contact Magnolia Place

Magnolia Place Apartments is an all 1-bedroom apartment community for the elderly and disabled in Blackstone, VA. The property has a gazebo, community room with monthly outings and is in walking distance to downtown.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	507	Call for Price

Eligibility for Magnolia Place

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Blackstone but actual income limits may differ for units at Magnolia Place.

AMI Band	1 Person	2 Person
30%	$14,850	$19,720
50%	$24,750	$28,250
80%	$39,550	$45,200

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Blackstone but actual income limits may differ for units at Magnolia Place.

AMI Band	1 Person	2 Person
Very Low Income (50%)	$24,750	$28,250
Low Income (60%)	$29,700	$33,900

Magnolia Place Details

56 one bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Community Room
Off-Street Parking
Laundry Facilities
Wheel Chair Accessible

Unit Amenities

Air Conditioning
Dishwasher
Cable Ready
Window Coverings
Carpet
Refrigerator
Balconies or Patios Available
Energy Efficient Appliances

Nearby Amenities

Close to Public Transportation

Office Hours

Day	Hours
Tuesday	7:00am-3:30pm
Wednesday	7:00am-3:30pm
Thursday	7:00am-3:30pm

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.