Milnwood Village

1100 Milnwood Village Ln, Farmville, Virginia 23901

Contact Milnwood Village

Milnwood Village is an affordable apartment complex for persons age 62 and older and offers 1-bedroom apartment homes. Each unit has a private front porch, a spacious living room, dining room and fully equipped kitchen. On the property is a clubhouse which includes a large community gathering space with a kitchen, resident computer, television, and on-site laundry.

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

Eligibility for Milnwood Village

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 Farmville but actual income limits may differ for units at Milnwood Village.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$23,350	$26,650	$30,000	$33,300	$36,000	$40,280	$45,420	$50,560
50%	$38,850	$44,400	$49,950	$55,500	$59,950	$64,400	$68,850	$73,300
80%	$62,200	$71,050	$79,950	$88,800	$95,950	$103,050	$110,150	$117,250

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 Farmville but actual income limits may differ for units at Milnwood Village.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$38,850	$44,400	$49,950	$55,500	$59,950	$64,400	$68,850	$73,300
Low Income (60%)	$46,620	$53,280	$59,940	$66,600	$71,940	$77,280	$82,620	$87,960

Milnwood Village Details

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

Property Amenities

Community Room
Clubhouse
Computer Room
On-Site Laundry
Community Kitchen

Unit Amenities

Fully Equipped Kitchen
Private Porch
Dining Area

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.