Commerce Village
21 Elon Rhodes Ln, Harrisonburg, Virginia 22802
Commerce Village is a permanent supportive housing (PSH) community that offers affordable 1-bedroom units to chronically homeless and medically vulnerable individuals, as well as chronically homeless veterans. The apartments are central located within the City of Harrisonburg and provide easy access to public transportation, the historic downtown, and area supportive services. Residents have access to an on-site property manager and Peer Specialist, who help address needs and connect residents to services.
Eligibility Requirements: Chronically homeless individual or chronically homeless veterans
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Income Based |
Eligibility for Commerce 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 Harrisonburg but actual income limits may differ for units at Commerce Village.
| AMI Band | 1 Person |
|---|---|
| 30% | $17,050 |
| 50% | $28,350 |
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 Harrisonburg but actual income limits may differ for units at Commerce Village.
| AMI Band | 1 Person |
|---|---|
| Very Low Income (50%) | $28,350 |
| Low Income (60%) | $34,020 |
Commerce Village Details
- 30 one bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- HOME Investment Partnerships Program
Property Amenities
- On-Site Manager
- On-Site Social Services
Nearby Amenities
- Close to Downtown District
- Close to Public Transportation
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.
HOME Investment Partnerships Program
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
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