Settlers Point

32140 Plymouth Ct #700, Damascus, Virginia 24236

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Settlers Point is managed by TM Associates Management, Inc.

Eligibility for Settlers Point

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 Damascus but actual income limits may differ for units at Settlers Point.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $14,850 $19,720 $24,860 $30,000 $35,140 $40,280 $43,750 $46,550
50% $24,700 $28,200 $31,750 $35,250 $38,100 $40,900 $43,750 $46,550
80% $39,500 $45,150 $50,800 $56,400 $60,950 $65,450 $69,950 $74,450

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 Damascus but actual income limits may differ for units at Settlers Point.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $24,700 $28,200 $31,750 $35,250 $38,100 $40,900 $43,750 $46,550

Settlers Point Details

  • 62 bedroom units.
  • Section 8 Project-Based Rental Assistance (PBRA)
  • Section 221 (d) (3)
Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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